ARK@Denali RV Campground Resort, just got Final approval on Monday for our Conditional Use Permit… Yeah!!! Anyone who has built any large development from scratch will understand the Excitement of this Accomplishment!!
So now we can close on Financing to start construction when the snow melts by the end of April = 45 - 60 days
My ultimate desire is to have a JV Equity Investor with one of the following experience in Hospitality/Food Service/RV Parks
They would have to co sign a $10M loan (Phase 1 only) and show $2.5M liquidity qualifying reserves… the only actual CASH investment would be the Fees and Closing Cost… estimated about $300K
For this I have reserved 20% Equity share
I do still have Preferred Investment opportunity open within my Round 1 Investorship…
$265K @10% for 4 year hold, equity = 3.82%
Financial Highlights:
- Projected Yearly Net Profit: $1.825 million
- Proposed Development Cost - Phase 1: $10 million
- Current Revenue Vested/Raised: $2.2 million
- Capital Raise Balance: $7.8 million
- Sponsor/Joint Venture Partner : $2.5M showing Liquidity for $10M Construction Loan
= offering 20% Equity (the only net investment Capital will be the Closing Cost)
For the Pitch Deck & Financials for evaluation please contact me