Hello to all,
We are seeking expressions of interest in an offer to participate with us in a unique development in an exclusive, security gated community on the Mariner in Patterson Lakes, Victoria. We are building a five storey structure that will include six luxury apartments with a lift servicing all floors including a rooftop entertainment/ recreational area and 360 degree unobscurred views. These views take in the City skyline, Port Phillip Bay, the Patterson River and Mariner, Mornington Peninsula and the Dandenong Mountains. This complex also comes with two Boat Moorings.
We are very flexible as to the terms and method of structuring this transaction with investors for mutual advantage. Options we would look at include:-
1/ being a true Joint Venture Partner and having the option of taking ownership of an apartment at completion (we are however looking to keep all of them ideally so any JV Partner ownership would be strictly limited);
2/ a straight-forward funds injection for a guaranteed percentage return
#2 is probably our preferred option.
This project will require investment for approx 12 months duration from commencement to completion. We anticipate commencement will be around May 2003.
Approx. funds required:- $450K to $500K guaranteed and secured against the property.
I am interested to hear the forum's thoughts on whether I should be looking to put together a syndicate type pooling of funds for this type of figure or should we look for one or two larger passive investors? I am open to any ideas.
PS This is a genuine and totally unique deal that we currently are getting organised to make available. This forum is my first test of how I might present this deal to ascertain expressions of interest. (and if there is any genuine interest please ring me anytime.)
Contact Peter on Mob:- 0418 526 646 anytime or email me - [email protected]
Looking forward to your thoughts.
Peter Mac
Inside every older person is a younger person wondering what happened.
We are seeking expressions of interest in an offer to participate with us in a unique development in an exclusive, security gated community on the Mariner in Patterson Lakes, Victoria. We are building a five storey structure that will include six luxury apartments with a lift servicing all floors including a rooftop entertainment/ recreational area and 360 degree unobscurred views. These views take in the City skyline, Port Phillip Bay, the Patterson River and Mariner, Mornington Peninsula and the Dandenong Mountains. This complex also comes with two Boat Moorings.
We are very flexible as to the terms and method of structuring this transaction with investors for mutual advantage. Options we would look at include:-
1/ being a true Joint Venture Partner and having the option of taking ownership of an apartment at completion (we are however looking to keep all of them ideally so any JV Partner ownership would be strictly limited);
2/ a straight-forward funds injection for a guaranteed percentage return
#2 is probably our preferred option.
This project will require investment for approx 12 months duration from commencement to completion. We anticipate commencement will be around May 2003.
Approx. funds required:- $450K to $500K guaranteed and secured against the property.
I am interested to hear the forum's thoughts on whether I should be looking to put together a syndicate type pooling of funds for this type of figure or should we look for one or two larger passive investors? I am open to any ideas.
PS This is a genuine and totally unique deal that we currently are getting organised to make available. This forum is my first test of how I might present this deal to ascertain expressions of interest. (and if there is any genuine interest please ring me anytime.)
Contact Peter on Mob:- 0418 526 646 anytime or email me - [email protected]
Looking forward to your thoughts.
Peter Mac
Inside every older person is a younger person wondering what happened.