Greater Houston, Texas Area & Lake Livingston Waterfront Deals.
Send me a private msg or with any Serious Interest in Earning Real Money on Your Money Secured by First Lien on Single Family Real Estate.
Email: NorthHoustonHomeBuyers@gmail.com
Find Links Below and/or Attached for download and review
Private%20Funding%20Opportunity%20Lake%20Livingston.pdf
Deals%20Page%20Lake%20Livingston%206%20Lots%20Development%20Deal.pdf
We are Custom Builders - Renovators since 1982, Real Estate Investors, Licensed Realtors etc.
We are Looking for Equity Partners for Ongoing Funding of Luxury Deals
Please Review and Contact With Any Serious Interest.
Thank you,
Steve & Peggy Dancer
The Real Estate Pros
Tags:
Steve & Peggy Dancer
We actively invest and provide short, medium and long-term finance facilities to corporate and private borrowers globally who are able to clearly demonstrate viability and status. We boast extensive financial resources from our own and managed private funds and are therefore able to provide facilities specifically structured to generate far reaching financial solutions designed to stimulate business growth and maximize profitability.
Broker’s information:
If you are a professional intermediary advisor Loan Brokers, Mortgage Brokers, Independent Financial Advisers, Insolvency Practitioners, Solicitors, Accountants, Lettings Agents, Estate Agents, Sole Traders or anyone else providing financial services and you have clients that would benefit from what our company offers we would like to hear from you.
Go to our Website B.J.Enterprises. http://www.bjenterprises.net for Company information or e-mail enquiries@bjenterprises.net
Hello Arjen,
We received your message and good to hear from you. I will send an email with attachements to enquiries@bjenterprises.net and your attn. We have a very viable deal for a Private Equity Group to fund. As you will see our Lender will have First Lien on the Real Estate Asset and can yeild a solid return of 12% APR or 25-30% of the net equity which ever the Lender chooses. We will consider a hybrid approach as well.
For the specific deal as noted, we are seeking $1,230,000.00 in total funding. This funding will purchase 6 waterfront lots that we will build new homes on and sell 6 different homes on. Lake Livingston is a Resort 1 hour drive north of Houston, TX. As you will see from our Resume, we are Licensded Custom Home Builders, Master Remodelers, Licensed Realtors, Real Estate Investors.
Please note Deal Scope Info Below, however as noted I am sending email with attachments which will cover the full scope of our deal and qualifications etc:
Private Funding Deal ~ Lake Livingston Waterfront 6 Lot Build Out Deal
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Private Funding Lender’s Shall Have First Lien |
Cost |
1. |
Acquisition Cost Each Lot = $60,000.00 Total 6 Lots = $360,000 |
$60,000 Each Lot |
2. |
Build New 2100sq.ft. Custom Home on Lake Livingston Waterfront. This Cost to Be Escrowed and Paid in 5 Draws 20% each draw per Scope of Work Document |
$145,000 Per Deal |
3. |
Estimated Total Private Funding Lenders All-in Raw Cost Per Deal Total Raw Cost for all 6 Deals = $1,230,000.00 |
$205,000 Per deal |
4. |
Estimated Sales Price Per Lake Livingston Existing Comps Total Sales Per Comps at $179 per sq ft which is below Comps = $2,250,000.00 |
$375,000 Per deal |
5. |
Estimated Gross Profit Each 1 Lot Deal = $ 170,000 |
$170,000 Per Deal |
6. |
Estimated Closing Cost Per Deal Including Commissions – Excluding Funding Cost |
30,000 Per deal |
7. |
Estimated Net Profit for Each Deal = $140,000 Estimate Net Profit all 6 Deals $ $840,000.00 |
$140,000 Per Deal |
8. |
Estimated Total Build Time for all 6 Lot & Home Builds = 5 - 6 Months |
|
9. |
Estimated Build / Sell Time 8-12 months for all 6 Build-out Deals |
|
10. |
Approx. Loan to Value for Private Funding Source = 55 - 58% LTV |
|
11. |
Private Funding Source Can Choose 1 of 2 Investment Paths: 1 = 12% APR plus 3 points backend at the Sale & Closing of Each Home. 2 = Or Private Funding Source can Choose 30% of the Net Profit at each closing = $42,000 per deal approx. |
|
12. |
One Closing on all 6 Lots must Occur to Pay off the Land. We Prefer 1 Closing as closing cost etc will be cheaper. This language can be worked out in the note as far as 6 lots purchase and upon the sale and closing of each a partial release for each sale is recorded. |
|
Steve,
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