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AT JORDANELLE
Target Capital Raise from Investors:
Development Opportunity:
Structure:
GP Contribution:
Minimum Commitment:
Estimated Hold Period:
Estimated Time To Return Capital:
Home Run:
Fees:
$2,500,000
Lot 508 1.21 acres of raw land on Marcella Golf Corse
Property Development, including Leasing, Financing, Construction Management, Property Management, and Sales
Build-To-Hold philosophy, while paying close attention to opportunistic liquidity event.
36-48 months. Refinance or sale
10%-15% (need to refine this)
3% Development Fee (Hard and Soft Costs, No Land)
Property/Asset Management Fee 3.5%
Cost of Construction
Land
$1,700,000
Sq Ft
6,500
Price/Sq Ft
$550
Building Cost
$3,575,000
Bank Interest
$519,088
Pre Construction Cost
$100,000
Total Hard Cost
$5,275,000
Total Cost
$5,894,000
Equity and Debt
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