Multi Family Luxury Condominium Housing Projects | Northern California - BLC
USD 459,000,000
Spent so far: USD 49,700,000
Can spend more: Yes
California
Assured repayment by: Independent and credible feasibility study
Submission Ready Indicators:
LTV Expectation: 90%
Land/Site: Owned
EPC Contracts: Signed
PPA/OMA or other off-take agreements: Signed
Financial Projections: Completed and available
Most PFX listed opportunities qualify for A+-rated Insurance Wrap
BLC, a California developer of high-end luxury condominiums and rental condos with a verifiable track record of success is requesting $450M in funding for four projects under one umbrella, all located in Northern California’s upscale market locations.
Two of the projects will be offered for sale, while the remaining two are targeted to high-end renters. Both the sale and lease projects are fully supported by a current feasibility study which shows their current target markets are underserved.
BLC surrounds itself with a best-of-class network of EPC, and architectural firms to ensure the timely creation and completion of projects at targeted costs.
Currently, presales and pre-rental activities are in place creating a rapid time-to-occupancy once the projects are move-in ready.
All four projects are projected to have healthy profit-margins. The rental projects show great net-income levels while the sale properties have high net margins.
| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 3,375,000 |
3,375,000 |
192,637.627 |
62,658,161 |
16,570,000 |
| EBITDA | (236,804,245) |
(171,142,255) |
156,046,072 |
61,858,161 |
15,570,005 |
| % | 0 |
0 |
81% |
98.7% |
94% |
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