Funding

Funding Needed
$100 (Mio)
EB5 Funding
$100 (Mio)
EB-5 Investors
200
Investment Amount
$500,000

Jobs

Category
Real Estate and Rental and Leasing
Sub-Category
Lessors of Residential Buildings and Dwellings

Location

State
California
Location
California

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Viji Durga

Last Update: February 04, 2015 01:01 PM

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111 N.Louise


Project Description

Highlights

·         A max. of 61 Residental Condominium units

·         Project Size: 24,751 Square Feet (2,299 Square Meters )

·         Including: Pool, Jacuzzi, Saunas, Steam Rooms, Movie/Screening Room,

·         BBQ Areas, Fire pits, Outdoor Game Tables and Much More.

·         Project Start Date: September, 2014

·         Expected Completion Date: January, 2016

·         Project Cost $22,554,546 dollars

·         Construction Loan Negotiated: $18, 554,546 dollars

·         Anticipated Completion Value: $34,883,100 dollars

·         Anticipated Annual Revenue of: $1,744,155 dollars

Qualification

·         Entitlement Received December 13, 2007

·         Project is Qualified for EB-5 Investors

·         TEA Designation Qualified

·         Land for the project already acquired and currently estimated value at $4 million dollars

·         Project profit after completion, stabilization and refinancing $12,328,554 dollars

 

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