PROJECT DETAILS

Carolina Condo Project
San antonio Texas

+ SHOVEL READY CONDO DEVELOPMENT + THREE STORY MODERN DESIGN + EXPERIENCED TEXAS DEVELOPER

THE OVERVIEW
+ 10 Three Story Condo Design + Granite Countertops + Excellent Appliance Package + Garage Parking

AVAILABLE DOCUMENTS
1) ONE PAGE DEAL OVERVIEW (PDF) - Click here.
2) PROJECT BRIEF (PDF) - Click here.
28,200 Overall Square Feet
114 W. Carolina Street, San Antonio, TX
10 Three-Story Design Condo, Fully Permitted & Entitled

ANTICIPATED ECONOMIC VALUE + COST + NET GAINS
$7.8M Market Value
$5.7M All In Development Cost
$4.4M Construction Loan
$2.1M of Anticipated Net Gains, Pre-Tax Profit

PROFIT SPLIT - INVESTORS / DEVELOPERS
50% Profit Disbursed to Investor
50% Profit Retained By CoDevelopers
Fully Permitted Project Ready For Development
12 Month Development Timeline

FINANCING PLAN:
(1) PRIVATE INVESTORS: $1.2M Private Investment Equal To 21% Of The Development Cost For 50% Ownership In The Project
(2) PRIVATE LENDER: $4.4M Loan Arranged By SA Pruitt LLC (San Antonio CoDeveloper)

Note: the landowners / co-developers 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