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GREAT ROI IN LAS VEGAS!
The developer, former VP for Carefree Senior Living, http://www.carefreeseniors.com/ is about to JV three projects in Las Vegas with the land owner. He is merely seeking $325,000 for all zoning, entitlement and up front admin. fees.
If you are able to raise the funds quickly, he will pay a 5% fee instantly at closing of the funds and when he completes the rezoning process, he will pay 50k per 100k raised as incentive to make it worth your while.
THAT'S NO TYPO - that's the promise of a determined professional with over 25 yrs experience, who knows how much money lies in these projects and needs to GET THEM DONE.
HERITAGE AT EAGLE BEND
This same developer is looking for a $3M equity investment (loan) for a period of 3 years. The money will be used to take down the land for a total of 7.5 million. The interest on money will be paid annually at a rate of 12% with the full amount due returned after the project reaches stabilization and the permanent loan is in place.
The annual interest will be paid from the developer’s fee.
The land loan, as well as the debt, is already in place.
The project is a 400 unit age-restricted apartment community located in Aurora, just outside of Denver, Colorado. The Aurora area is one of the fastest growing high end markets in the Denver Metropolitan Area. The project is already adjacent to an age-restricted SFR community with an average price range of 700k with a golf course that our residents are able to use, also.
The project is already zoned and he is currently working on the plans. The total cost of project is around $60M. The senior market is very strong in Denver as well as Aurora. Just completed down the street about 2 miles is a 120 bed assisted-living facility showing the demand within the senior market. Housing is strong and is back to pre-bubble prices as the market has seen a shortage in available units.
PLEASE CONTACT ME BY EMAIL, AS I'M NOT ON THIS SITE REGULARLY.
25 years experience breeds MUCH CONFIDENCE!