PROJECT DETAILS
Finley Oaks Condo Project
Georgetown Texas
+ SHOVEL READY CONDO DEVELOPMENT + THREE STORY MODERN DESIGN + EXPERIENCED TEXAS DEVELOPER
THE OVERVIEW
+ 29 Three Story Condo Design + 45,000 Total Square Feet + Granite Countertops + Excellent Appliance Package + Garage Parking
ANTICIPATED ECONOMIC VALUE + COST + NET GAINS
*Build-To-Sell Development Model
$12M Market Value
$9M All In Development Cost
$7M Construction Cost
$2M Land Cost ($1.945M)
$3M of Anticipated Pre-Tax Profit From The Sale of 29 Condos.
ANTICIPATED ECONOMIC VALUE + COST + NET GAINS
*Build-To-Rent Development Model
$12M Market Value
$9M All In Development Cost
$7M Construction Cost
$2M Land Cost ($1.945M)
$3M of Anticipated Net Equity
Net Annual Operating Income - as part of due diligence, we can furnish a forecast of the net operating income associated the build-to-rent model.
Footnote:
With the Build-to-Rent Model, our team would make provisions to refinance the project with a permanent mortgage once the Finley Oaks project Is stabilized. The goal of the refinancing is to return the private investment of investors, and pay off the interim construction loan. In this scenario, the private investors would realize the return of their capital, but retain long-term equity ownership in the project.
FINANCING PLAN:
Build-To-Sell, or Build-to-Rent Development Model
(1) PRIVATE INVESTORS: $2.8M Private Investment Equal To 31% Of The Development Cost For 50% Ownership In The Project
(2) PRIVATE LENDER: $6.2M Loan Arranged CoDeveloper
Note: SA Pruitt LLC’s founders will provide the loan guarantee for the debt financing, which will not require the private investors to sign for the loan.
If you have any difficulties with downloading this document set, please contact Patrick Earles by text at 509.591.8494