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Real Estate Investment Syndicate

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Introduction Pre-construction purchase opportunity in Brian Heads first all-season resort community. Buyers Club has 84 condominium and 6 townhouse units in the prime location of the 250 units in the first phase. Luxury mountain... See more » Introduction Pre-construction purchase opportunity in Brian Heads first all-season resort community. Buyers Club has 84 condominium and 6 townhouse units in the prime location of the 250 units in the first phase. Luxury mountain retreat in Brian Head, Utah just a short three-hour drive from Las Vegas, Nevada. A fifteen (15) month turnaround time is expected Purchase Price $268,685 to $815,030 Discount 21.5% through October 1, 2008 Deposit 15% of purchase price in deposit (6 2/3:1 Leverage). Deposit used alongside construction loan proceeds. Initial prices to be increased by 11.65% on day 1, 3% January 1st, 2008, 2% April 1st, 2008, 3% July 1st, 2008, and 2% October 1st, 2008 (percentage increases are based on original purchase price). Any appreciation goes to Buyer and Real Estate Investment Club Buyer per the Joint Venture Agreement (none to developer) Market Downturn Provision Yes. In the event that a Comparable Unit sells for less than the initial retail price, Buyer shall have the right to have his purchase price reduced dollar for dollar by the largest discount given for any Comparable Unit. Expected Time Horizon 1 to 15 months. Short expected turnaround of project (occupancy by summer 2008) Exit Strategies 1) Developer will place Real Estate Investment Clubs units into the sales center once construction financing is obtained. 2) Developer will sell only Real Estate Investment Club's units until final plat approval to construct an additional 154 units (current approval is for 90) is obtained. 3) Sales center will sell up to seventy-seven Developer units alongside Real Estate Buyers Club units. 4) Upon reaching total sales of 167 units, Developer shall only sell Real Estate Buyers Clubs units with an automatic swap provision in place to ensure priority. Buyer pays a 4.5% real estate commission at resale. Closing Contingencies In the event that Real Estate Investment Club unit has not resold by the time the project is complete, the following will occur: 1) All non-club buyers must close before our Buyers have to close. 2) Only enough Real Estate Investment Club buyers will be called to closing to pay off bank loan. 3) Those who have closed will have the exclusive right to fractionalize their unit in up to eight 8 units. Standard mark up of fractionals is 50-100% of whole ownership values, making the potential upside for this greater than a potential presale flip. No additional sales commissions will be due under this arrangement. To prevent abuse, buyer must accept any valid, pre-closing offer to repurchase their unit. Joint Venture Terms No origination fee. Buyer receives 60% of profits (after buyers return of deposit and any sales commissions) upon closing of the unit. This project will be Brian Heads first all-season resort community. Just a short three-hour drive from Las Vegas, it is 42 acres of wild grasses and pine and aspen groves surrounded by Utahs stunning red-rock landscapes Brian Head, Utah is an outdoor recreation resort located in Southwest Utah. It is Utahs highest elevation ski resort that averages 400 plus inches of dry powder snow each year and offers snowmobile and ATV enthusiasts an abundance of mountain trails. The growth of the resort is premised on continued expansion of the Las Vegas marketplace. In the spring, summer and fall Brian Head offers some of the finest hiking, biking, and ATV activity to be found anywhere in the state with majestic red-rock views in every direction. Land is owned by Developer and appraised at $15.26 million in June of 2006 by Cushman Wakefield. MagnetBank provided pre-development financing and will provide construction financing based upon a 50% pre-sale requirement The owner of Brian Head Development Company is Michael Jabara, an entrepreneur with a fundamental belief in the continued strength of the Las Vegas and Southern Utah real estate resort markets. As a founding partner of Highrise Partners, Ltd., Mr. Jabara entitled and developed Opus, a $700 million twin 50- story tower, 700-unit luxury residential condominium complex directly off of the Las See less »

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condo investment, down, guaranteed rent, hoa, income, las vegas, money, paid, phoenix, positive cash flow, property, real estate, tampa bay, taxes, turnkey, zero

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From the list : Real Estate by karenmarree21

Zero Money Out of Pocket, Developer Guarantees Rent for 3 Years, HOA & Taxes Waived for 3 Years, Phoenix, Tampa, Las Vegas Investment Real Estate

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Real Estate Investment Syndicate

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