The project is located in Henderson, Nevada (several minutes away from Lake Las Vegas). The community consists 15 one acre finished lots, four floor plans with multiple elevations for each ranging from 5,430 to 6,500 square feet. The entire project is surrounded by a finished stucco wall with an assortment of vegetation, tree's, plants. The community has two entrances both of which are gated with a secured phone voice station. The homes consist of the following interior and exterior amenities; 2x6 exterior walls, hand textured plastering, custom wood doors, custom wood cabinets, travertine, marble, Viking appliances, casitas, RV garage, theatre rooms, wine closets, and full mature front yard landscaping.
Current Status:
At present time one home has closed, five are finished, one partially finished-60%, and eight finished lots are available.
Seller/Developer:
The developer wishes to sell all of the property and pay off all bank obligations in full. The discounted prices reflect the amount owed to the bank without current interest. Upon a sell, the developer would finish the entire project and a discounted flat fee.
The Real Deal:
Wholesale Price: $14,935,000
Appraised Value: $20,510,000
73% LTV
Seller has three other creative options to pick from for qualified investor