Residential Home Builder Projects
Seeking additional funding for Home Builder who own land and have started construction. Residential Home builder is looking for Capital JV partners. Realty parcels/lots (infill) are already owned. Construction of building/home have already started. Home already has sales contract with resident consumer/end buyer. In order to close on the sales contract, construction needs to be completed so a Certificate of Occupancy can be issued by the county/municipality so mortgage financing can enable end buyer to close.
JOINT VENTURE PARTNERS WANTED - The builder already owns realty parcels/lots (infill) & have started construction. In normal course, these homes are sold pre-built (put under sales contract) with consumer buyers & still need to built out to get Certificate of Occupancy to close sale to end buyer; Estimated duration of these projects are 3 - 6 months.
Funds have already been set aside for the rest of construction and the estimated closing date to the end buyer is about 3 months.
Funding from the Capital JV partner is wanted to replace (refinance) builder reserved funds (for materials, contractors, etc.) so builder can buy MORE realty parcels/infill lots QUICKER, allowing permits pulled & construction commenced; thus allowing more projects sooner.
Capital JV Partner funding will be secured by the realty and funds can be escrowed and draws/disbursements directly to contractors/material men as construction is done.
The realty lots/parcels can be done as separate joint venture projects or put together for a larger project.
Management Team: The Builder Advisor/executive has been in residential building industry/contractor for more than 20 years and COVID supply problems collapsed enterprise. After COVID, in 2022, new enterprise was created with Advisor’s son, also a general contractor and builder, as president/principal of new enterprise.
Expected Returns from already commenced Residential Home Building Projects:
Capital JV partners should expect a 10% return quarterly (3-4months) which annualized would be a 30-40% return on investment.
Amount Requested $400,000
Minimum Investment: $25000 through our Realty Ventures Investment Club. Register to participate.
Multiple Regions in Multiple States particularly Florida, Texas, Georgia, & Illinois