Network,Find Opportunities,Find Funding, Promote Events and Services
Hello,Heritage Investments Capital are DIRECT LENDERS offering up to 95% Financing on Approved Projects. We do NOT charge any upfront fees and consider all projects seeking funding from $35M+. - NO…Continue
Started this discussion. Last reply by Debora Chan Aug 23, 2015.
Comment Wall (5 comments)
You need to be a member of COMMERCIAL REAL ESTATE PROFESSIONALS & INVESTORS GROUP to add comments!
Join COMMERCIAL REAL ESTATE PROFESSIONALS & INVESTORS GROUP
hello, my dear please there is something i want to tell you am not always online here ok,my name is Stephanie Saib here is my email(email@example.com) so i can reply you soon ok
Thank you for your message.
We would like to get done more information on the San Diego and the Senior Living Project.
When is the best time to connect?
There are three projects looking for funding.
This is by no means, a complete synopsis of either opportunity but rather, an introduction to their potential.
SAN DIEGO RE-ZONING
An associate has tied up the property and has 30 days to close on the land.
Seeking 10M for the land and about 500K for the re-zoning fees. Re-zoning can be accomplished in about 15 months.
Meanwhile, there have been at least 7 national homebuilders who have issued LOI's (Letters of Interest) to purchase the land after it has been re-zoned for about 33M.
However, due to the fact that there are multiple, competing builders seeking to secure our finished product, this will create an atmosphere that could encourage a bidding war and run up the final sales price higher than the 33M. A recent LOI already came in near 40M.
Your investor will be paid back twice his money or more, depending on the final sales price.
HERITAGE AT AURORA / ELEGANCE SENIOR LIVING
The same developer, who will be re-zoning the parcel, above, was the VP of Carefree Senior Living, who sold its standing inventory at the time in 2006 for 238M, the largest multi-housing deal in the State of Nevada.
However, there were still parcels of land and "in process" developments left behind. As he had overseen the Aurora project, since its inception our developer was asked by The President of Carefree Senior Living if he'd like to take the project and just buy him out.
This project is virtually shovel-ready.
This is a 400 unit Senior Living Complex abutting the Heritage Eagle Bend Golf Club. It has already been worked out that our residents will enjoy golf privileges and that the upscale neighboring communities shall serve to feed us as those households seek to downsize and simplify but don't wish to leave their surroundings.
Equity sought is 12M, price of project is about 58M and full finished value should be in the high 80's.
Construction loan has been secured - they're awaiting the Equity.
A full pro forma and exec summ. are available upon request.
$300K TO RE-ZONE IN LAS VEGAS
All we need is $300K to re-zone and build a Senior Project on a parcel of land owned by our partner. We've already discussed re-zoning with the city and everyone's on board! This could be a quick ROI for whomever brings the 300K. Several different approaches to repay you for your contribution.
Please email me as I'm not always on here.
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( firstname.lastname@example.org) ) for the full details.
Have a nice day
Thanks God bless.
currently not doing anything in that range but will keep you in mind--I have clients that I have refered to other Brokers so that I can focus on my Podcasts and books in that category and I will check their financing needs.