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From GoArticles.com
Resolved Question: Does anyone know any high net worth investor interested in a luxury real estate project joint venture good ROI?
My partner and I are seeking a high net worth investor to bankroll our high-end lakefront spec home project. We are looking for an individual who has capital available to invest and is interested in a joint venture. My partner and I are having to regroup. We had a funding partner for our project, and we were going to begin soon. However, our funding partner just found out that he has a serious illness and is having to withdraw from the project. So, we are now in need of another funding partner.
We are seeking $7 million to fund acquisition of 3 lakefront lots on Lake Burton ( North East Georgia Mountains) and to fund construction of 3 spec homes. We have currently negotiated to purchase three lakefront lots, have obtained all the permits and approvals, have chosen floor plans, have formed a real estate holding company, and simply need the capital to begin. Time is of the essence for us, and we are offering 40% on a JV. (We are seeking 100% funding) The officers of LCI (real estate holding company) bring together the expert experience of marketing and constructing residential real estate in the north Georgia mountains. We plan to construct and sell three high-end residential homes during the year of 2008/2009 and create a return of approximately 75% or approximately $5,000,000.00. This is a very simple and rather turn key investment that is secured by some of the most desired real estate in Georgia. Also, 2007 was a record breaking year for home and lot sales on Lake Burton despite other real estate market crashes, and 2008 is looking even stronger. We will NOT pay any upfront fees and we are NOT looking for a loan. We are simply looking for an individual investor who has the available liquid capital to partner with.
Business summary and complete detailed package available in pdf format.
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