Cascade Rd. Condo Project Shasta Lake CA, Current Buyer willing to assign contract for $15,000.00 (Deposit + Costs) Increased deposit of $25,000.00 non refundable due on 1/26/05 Total Purchase price is $1,150,000.00 scheduled to close escrow 4/26/05 Escrow and title fees to be split 50/50 A land loan could be obtained possibly for 50% of the purchase price for $550,000.00 and then rolled into a construction loan Total costs of infrastructure is $2,000,000.00 (approx) Could place 100 (approx) condos on property to resale for $200,000.00 (approx) each for 1000 sq. ft. units. If condo's cost $100.00 a sqft. to build, total cost of construction would be $10,000,000.00 A construction loan could possibly be ascertained for the entire project, requiring a 10% down which would be 1.4 Million (approx) which would pay off the original balance of the land loan of $550,000.00 Total costs of the project would be 14,000,000.00 (approx) and resale value would be $20,000,000 which would realize a net profit of $6,000,000.00 (approx) Please call me ASAP if you are interested in taking over this contract as time is of the essence. Sonny Mallory Zion Real Estate 530-222-6190 ------------------------ Yahoo! Groups Sponsor --------------------~--> Has someone you know been affected by illness or disease? Network for Good is THE place to support health awareness efforts! http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
