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Building
65-Units Single Family Community in Greenville
$1
Description
A 65-unit single-family residential community to be developed across 13.17 net acres following Phase 1 drainage infrastructure improvements on the full 17.67-acre site. Each home will feature a private garden, dedicated parking, and full family-oriented amenities consistent with traditional American residential standards. The development prioritizes low-density, owner-quality living in a growing suburban corridor of Hunt County, directly adjacent to established multifamily housing at The Ridge Apartments.
Financial Breakdown:
The property’s total equity is $5M, basically the entirety of the land. The total construction cost is projected to be $20.31M, and an equal amount of loan will be taken at 7.50%, which will be converted to a 30-year mortgage. The payments will follow a capital repayment structure. Of the equity, regardless of the financial contribution between the general and limited partners, there will be a 20-80 ratio for distributing any excess cash flows. The 7th year is expected to be the exit year for any of our endeared short or medium-term individual and commercial clients.
Overview
Amenities and features
- Air Conditioning
- Balcony
- Central Heating
- Fitness center
- Garden
- Laundry Room
- Parking
- Pets Allow
- Security
- Spa & Massage
- Swimming pool
- Wifi
Location
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Address4VF8+F5F Greenville, Texas, USA
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