Diamond Creek Apartments Overview
A complete project plan has been designed by our team and will be implemented prior to the actual closing. A purchase price of $3,940,000 was negotiated for this property. It was appraised in 2010 for $6,000,000. It will be financed with a bridge loan of $2,000,000 and equity partnership for the remaining $2.98 million which totals the all-in cost of $4.98 million (purchase price + rehab + fees, costs and contingencies).
The equity partners will receive a 70% ownership in the property during a 12 – 18 month stabilization estimated time frame;
The project plan is summarized below:
Fundamental Details of the Project
Please email me at firstname.lastname@example.org for further information, pictures and marketing package! Or give me a call to meet for coffee at 403-471-4337.
Also, we will be in Dallas from January 9 - 12. If you are interested in meeting us out there for a day to view this project and our closed projects, our attorney, mortgage broker who will do the refinance, etc. please let me know! We would love to have you out to show you what we are doing personally!
Look forward to speaking soon,
Madeleine Ficaccio, B.Comm.
The VEA Group Inc.
Diamond REIN Member
Investor of the Year Finalist (Canada Real Estate Magazine)
Top Player 2010 (REIN - South)
Top Ten Alberta (South - REIN 2005, 2006, 2007)
Renovator of the Year (Dan - South - REIN 2008)
Office: (403) 547-7227
Cell: (403) 471-4337 **** Best number to reach me
Fax: (403) 239-8319