It appears that the only variable affecting the ROI is the sale price. If there are 21 lots sold at a net price of $343452 ( the $6869036 used in several proformas in month 10/1/17 )what would make the remaining lot prices go down so much?
Also what triggers the 10/1/2017 closing? I assume it is completion of work. If you close on the ground May 1 can you complete by 10/1/2017 ? I assume the development costs are fixed at this point.
The inflow of investor funds is staged over 3 months, March, April and May. Please explain.
It appears that the only variable affecting the ROI is the sale price. If there are 21 lots sold at a net price of $343452 ( the $6869036 used in several proformas in month 10/1/17 )what would make the remaining lot prices go down so much?
Also what triggers the 10/1/2017 closing? I assume it is completion of work. If you close on the ground May 1 can you complete by 10/1/2017 ? I assume the development costs are fixed at this point.
The inflow of investor funds is staged over 3 months, March, April and May. Please explain.
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