Rangsit is a city in Pathum Thani Province, a suburb of Bangkok. Pathum Thani is a fast developing area with high concentration of higher education institutions and large number of industrial parks. Future Park Rangsit, one of Asia's largest malls, is located 3 km from the project site. The demand for housing is significant in Rangsit due to the increasing employment in the area.
An investment opportunity for a housing development project with 194 villas for long term residential living with extraordinary housing design at a competitive villa price level. Three housing models; 56 sq.m, 135,75 sq.m, 137 sq.m, on 210 - 245 sq.m plots with easy access to main roads.
Total project cost: US$19,4 million.
A local developer from Thailand owns the land for the housing development. They have already developed the back side of the target land for 50 single houses.
Business plan & executive summary, projected financials, and feasibility study is completed for the new project.
The local developer will assign the land to a new JV Co to be established.
Construction and sales of all villas completed in 20 months. Total sales revenues: US$25,3 million.
Investor is proposed to invest US$3.65 million to the JV Co, which equals the value of the land.
Break even at 138 sold villas (71,1%).
NOI cap rate: 30%. IRR in 20 months: 66%.
|Capital:||Looking for US$3,65 million|
Is your deal still available for funding and if yes this is what i can make happen for you.
Below you going to find my full contact details to reach me so we can discuss how best to move forward with the processing. Looking forward to hear from you.
Mr. Cesar Ramirez.....Direct lender