Important post in the changelog about website security.
Welcome, User not found
This 2-house project consists of demolishing the existing structure and creating a new, modern structure. We are increasing the current property value from $750,000 to $3.5M on each project.
Luxury homes will be built and utilized as short-term and mid-term rentals featuring 5 bedrooms, 4 bathrooms, 2 living rooms, and 2 car internal garage. These beach houses will feature a rooftop deck and pool.
Construction Period 6 – 7 Months
Equity Amount: $550,000 per property with an annual 20% return
Minimum investment $50,000
Land cost: $750,000
Construction cost: $1M per property
Return of capital Will be provided by the refinance of the construction loan at 75% LTV.
After Built Value for each property: $3.5M
NOTE: WE HAVE ALREADY RAISED $2,750,000 FOR 5 OTHER PROPERTIES JUST LIKE THESE! WE HAVE FINISHED THE DEMO PHASE AND WE ARE IN CONSTRUCTION!
$550,000
Nov 2, 2023
This is a 6-unit project. We are increasing the current property value from $1,140,000 to $2.5M+.
We already own 2 other Airbnb hotels in the area.
Location: St. Pete Beach, FL
Estimated value of that property at the time of refinance and/or sale is $2.5M
Minimum funding $50,000
Annual interest rate 15%
Quarterly payments
At the time of refinance, we expect to achieve 70-75% LTV = $1.75M – $1.87M
$400,000
Nov 2, 2023
We are looking for a short term 6-9 mo loan to complete the remodel on the Lodge at Havn Glacier. Lodge is being turned into 3 STR that will operate year round in the beautiful resort town of Whitefish MT; gateway to Glacier National Park.
Main floor features 3 bed/ 2 bath, sleeps 8. Lower lever has two units: 1 bed/ 1 bath that sleeps 4, and a Studio apartment that sleeps 2.
$350,000 will complete the remodel already in progress, with 1st lein position available on a 4.2 acre parcel of land that is adjacent to the lodge that we own free and clear. Value of parcel is $450,000.
This bridge loan will be refinanced into an SBA loan which will be completed in the Spring ’24 for Phase 2 of our development.
I have included our designs for the lodge including location information in my slide presentation.
$350,000
Oct 26, 2023
Slack Announcements
No items