This project consists of demolishing the existing structure and creating a new, modern structure. We are increasing the current property value from $600,000 to $2.5M on each project.
- Construction Period 6 – 7 Months
- Equity Amount: $400,000 per property with an annual 20% return
- Land cost: $575,000
- Construction cost: $781,000 per property
- Return of capital Will be provided by the refinance of the construction loan at 75% LTV.
- After Built Value for each property: $2.5M
NOTE: The Redington Beach Redevelopment Project is already under construction and growing! We are currently building 4,000sqft homes. You can still be a part of this amazing project!
Follow our progress on IG —-> @JasonMatthewsREInvestor