Investment Details

Phase 1 (Complete) - Acquisition of land and permits.

Start: Feb 2022. Expected completion: Apr 2023

Property acquired for: $3,425,000

Money raised from investors for phase 1: $1,025,000 

Phase 2 (In Progress)- Construction and selling.

Expected start: May 2023    Expected completion: Apr 2024

Target to raise capital: $975,000

End of project Expectations and Distribution

Sale price: $7,000,000 ( ~$1800/sq ft )

Total Remaining for investors after returning Loan + Interest , holding and selling costs: $2,350,000

Minus Phase 2 investors capital: $975,000

Minus Phase 2 investor interest @15%: $146,250

Minus Phase 1 investor capital: $1,025,000

Remaining amount: $203,750

Minus 20% management fees: $40,470

Remaining amount for all investors: $163,000

ROI for phase 2 investor: 8% plus 15% interest (from above) = 23%