Seeking Partner For Condo Dev. In Los Angeles

Hello,





I am seeking a partner in developing the following:



-27 Units Condominium

-Average size p/u 2,000 s.f.

-420-560 (Recent comps are available)

-Tentative tract map in place

-Great location in Los Angeles



Required to close:

-Appraisal

-Contractor resume and cost breakdown

-Financial statement

-Structural Engineering



I have done my due dillegience on this project, and have a complete file available. Executive Summary, has been completed, and title report. I have received quotes on both structural engineering and the appraisal.



Why I am looking for a partner?

The lender is willing to finance 100% of the project however, my financial statement and experience is not strong enough in my opinion. I own one investment property in Los Angeles, and have modest reserve in my accounts.



What I am looking for in an partner?

Split cost of engineering, appraisals, have some development experience. Understand numbers and feasability well, and honest.



Estimated Profit upon FMV stabilization: 4.9 mil



Please, respond to post if meet the reqs. and seriously interested.



Respectfully,

J.

Comments(2)

  • Intl_Dev14th March, 2006

    I appreciate the response and offer, however I prefer to work together with someone.

    Respectfully,
    J. [ Edited by Intl_Dev on Date 03/15/2006 ]

  • deboling7514th March, 2006

    Hi J:

    I have a team of people that I believe could make this project work. If you are interested, please contact me via email at **Please See My Profile**

    Thanks,
    Daniel

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