All Forum Posts by: Paul Burrowes

I have a client who wants to pay off some loans and leaseback his home for 10 years with an option for additional years.  There is a possibility an investor can purchase this home with a note and no cash out of pocket.  The existing home owner will service the note.  The list price on this home would be $1,925,000.  If an investor put a $1,500,000 note on the home with no money out of pocket, there would be approximately $400,000 instant equity and the note would be serviced by the leaseback.

Any other creative financing ideas?

About the home:  Located on the Central California Coast 35 miles to San Jose International Airport & Silicon Valley – 3 Blocks to the Beach

This lovely home was purchased by the owners as a new build in 1991 and is located on a beautiful and quiet cul-de-sac within walking distance of Capitola Beach and the Pacific Ocean.

The owners love the property and raised a family in the home and desire to stay in the home, but have use of their capital. They would like to lease the home back for 10 years with 2+ year renewable options. They are willing to offer a significant discount off the current market value of the home and are willing to provide significant and immediate equity in return for a long term lease. They are flexible and willing to negotiate the discount and lease terms.

This is a large beautiful 3 bedrooms, 2.5 bath well-maintained home built in 1990. The kitchen has been upgraded to include a Sub-Zero refrigerator and a Viking cooktop. The master suite includes a marble tiled bathroom and shower. The property has an installed security system, an automatic sprinkler system, paved patios, and a new hot water tank and software water system. There are (3) working fireplaces in the home.

Great location, stroll to the beach & Capitola Village shops and restaurants. Sought after location in Upper Village behind Gayle’s bakery. Quiet neighborhood cul-de-sac not impacted by tourists and special events of the lower village.

Located on the Central California Coast 35 miles to San Jose International Airport & Silicon Valley – 3 Blocks to the Beach

This lovely home was purchased by the owners as a new build in 1991 and is located on a beautiful and quiet cul-de-sac within walking distance of Capitola Beach and the Pacific Ocean. The owners love the property and raised a family in the home and desire to stay in the home, but have use of their capital. They would like to lease the home back for 10 years with 2+ year renewable options.

They are willing to offer a significant discount off the current market value of the home and are willing to provide significant and immediate equity in return for a long term lease. Great location, stroll to the beach & Capitola Village shops and restaurants. Sought after location in Upper Village behind Gayle’s bakery. Quiet neighborhood cul-de-sac not impacted by tourists and special events of the lower village.

This is a large beautiful 3 bedrooms, 2.5 bath well maintained home built in 1990. The kitchen has been upgraded to include a Sub-Zero refrigerator and a Viking cooktop. The master suite includes a marble tiled bathroom and shower. The property has an installed security system, an automatic sprinkler system, paved patios, and a new hot water tank and software water system. There are three working fireplaces in the home.

Priced at $1,925,000

Thank you for your comments.  I'm finding the same issue in several development projects, the builders are fine with putting in their own money and taking on a construction loan.  However when purchasing raw land the bank usually requires 50% down, then having to put up typically another 30% toward a construction loan is more than most builders can handle.  Perhaps it would have been more clear to state that I have projects looking for investment partners to work with builders and developers who are willing to put skin in the game.  Thanks again.

I see the market heating up in Northern California and more projects that were put on hold are surfacing. I have several potential real estate development projects available. I work with builders and developers who have the ability and a proven track record but not enough cash. I’m looking for real estate investors and/or 1031 exchange investors looking for their next project, and I come across new projects everyday.

Current examples… 17 lot subdivision (ocean views) with final map, a retirement community (raw land) 40 units potential, off-market apartment buildings, developable raw land, 3 high-end estate lots, and a potential high-density assemblage for 50+ units. I can also help research specific types of investment properties and opportunities.

I have 10 years real estate experience as an investor and developer. Reach out to me or forward my information as an introduction to a friend! 

 I previously was an investor in a solar thermal solutions company and it looks like California Title 24 will drive many solar and sustainable projects as the developer will be forced to reduce their carbon footprint.  I'm looking for interested investors and/or developers and builders looking for their next project, I have several potential real estate development projects in Northern California but need investors who would like to be a partner in the project.

I was a real estate developer and recently got my real estate license.  

As a principal in a real estate investment and development group over the past 10 years, I've been responsible for overall leadership, growth, direction, cash management and strategic planning for a number of real estate projects, and I know how to maximize positive outcomes for all of the parties involved in the transaction. My projects have included minor-land subdivisions, urban infill projects, affordable housing, condo and townhouse projects, planned developments, tax credits, residential projects, and the only conservation bank in Santa Cruz County. I have worked with Federal, State, County, and City elected officials on land use planning, planned development, zoning, permitting, conservation law, community involvement, and environmental and ecological assessment.

I consult with many real estate professionals, attorneys, architects, civil engineers, surveyors, financial institutions, investors and contractors to verify design studies, plans and cost estimates; this experience makes me effective in studying and evaluating real estate property, raw land and/or rehab for residential or commercial use. My experience developing available market studies with local, state, and federal planning organizations ensures finding the best use for a property. I collaborate with local green building manufacturers and contractors to implemented sustainable building practices in development projects. 

I'm currently working on several potential real estate development projects in Northern California.