PODCAST ABOUT THIS PROJECT
Take a look at this great SHOVEL READY project, in Beverly Hills! No waiting 4-12 months for permit approval. We can start development right away!
Our Developer purchased this property with a bridge loan we helped him with in short order because time was a factor and none of us wanted to lose this deal.
We are now ready to refinance the bridge loan scenario and move forward with the new 1st position lender and we have brought in a new team in Beverly Hills with a tremendous reputation who are highly respected in the area.
Jay Belson and Mitch Anderson will be running this project from start to finish.
Below is a link to showcase some of their other projects:
Nearly 19,000sq.ft. lot with city views nestled behind the Beverly Hills Hotel.
Plans ALREADY approved for a 6,800 square foot Modern architectural masterpiece by renowned architect Tom Leishman, featuring an open floor plan, soaring height throughout w/ fantastic indoor-outdoor flow, 6 beds + 6.5 baths, 55ft infinity pool, and gated motor court that parks 12 Cars!
The property sits just minutes away from the heart of Beverly Hills. New owners will enjoy city views and a coveted school district.
We are also working with 2 Foreign Cash Buyers who are already interested in this and other properties in the area.
- Total Land Area: 19,000SF
- Full Architectural and Structural Approved plans included.
- RTI Building Permits.
- Floor Area Summary: 6,800 SF (2) levels
- Gated motor court that parks 12 Cars!
Here are the numbers.
ARV: $8,850,000 – Confirmed by Appraisal
Original Purchase Price: $2,500,000
Projected Profit: $2,414,125
Total JV Investment Amount: $1.50MM
(Minimum Investment Amount is $90,000)
Only $340k left!
Projected ROI is 53% in approximately 12 months!
Hurry, this offering will not last long! Don’t miss out!
Here is the full breakdown: