#1 Two Duplexes on Clearwater Beach, FL
This unique property is located in the Tourist Area of the Clearwater Beach, FL.
#1 beach in the USA for several years by TripAdvisor..
Main street is 1 block away and the Clearwater Beach is 2 blocks away.
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Purchase price of $2,150,000
ARV of $2,950,000. (appraisal)
1st Lien $1,800,000 including Renovation cost of $100,000
Total Funds needed: $500,000
Still needed: $400,000
Wrestling is welcomed
JV agreement will be created with your LLC and your Amount.
Funds needed for:
- Purchase and Renovation
Terms:
- 5 months with the total return of $150,000
Exit:
1. Sell
If the #1 fails then refinance for AirBnb
each unit nightly rate will be $250/night average
with 75% occupancy each unit will make apx $68,250
Total of 4 units will make $273,000
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JV agreement, Note, Mortgage, or UCC1 are prepared by a Florida Attorney/Gator
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Appraisal and borrowers information are available upon request.
#2 New Construction on Clearwater Beach, FL
Clearwater is a fast growing already famous vacation area in Florida. There is no expansion of the area as it is an Island.
A lot of New Constructions are going up in the area. Several hotels opened up in 2023. The huge New Hotel is being built, and a lot of Single Family Homes are also going up.
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Construction plans will be ready by July 1st. Construction will start in September-October.
The project will be completed by May 2025.
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The existing property has as is value of $750,000
Total Construction Cost $800,000
ARV $2,650,000
Current Lien $400,000 plus Construction Hold back $800,000
Total current 1st lien is $1,200,000
- Existing partner $400,000
Additional funds needed: $200,000
Wrestling is welcomed
Fund needed for Demolition, Plans, Permits, HML monthly payments
Terms:
- Return in 12 months: $150,000
Exit: Sell
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JV agreement, Note, Mortgage, UCC1 or (Partner in LLC) are prepared by a Florida Attorney/Gator
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Appraisal and borrowers information are available upon request.