Here is a secure & high return condominium development project in Rio de Janeiro, Brazil. This is an opportunity for 100% ROI, on 2 million USD in 24 months or less, with over 4 million USD in Brazilian real estate assets as collateral, in addition to over 2 million USD in pre-sales for security. Please review the executive summary attached and the bullet points below. We look forward to discussing this opportunity with your investors.
+ 184 unit condo development, on the last developable piece of ocean front property, in Arraial de Cabo, Rio de Janeiro, Brazil.
+ Retail units are luxury quality, sold at prices affordable prices
+ Developer has successfully sold out of 3 current condo developments in area
+ Developer owns the best real estate sales firm in the area
+ Developer has 1 million USD of his own money already invested
+ 90% financing of the project has been already approved by Caixa, the largest state owned government bank
+ 2 million USD investment represents Caixa's requirement for 15% of the 16 million USD development budget
+ up to 4.7 million USD of clear title is being offered as security for the 2 million USD, which is over 50% loan to value
+ Money will remain in investor's Brazilian legal escrow account & all draws will be leveraged by pre-sales + RE collateral
+ 500K USD will enable pre-sales; purchasing the already approved permits, and covering fees and legal costs
+ There are already 30 reservations, which alone will be over 2.4 million USD when closed
+ If the builders are not meeting construction deadlines, the bank will appoint another contractor to complete the job.
+ The reason they are looking for an investor is because they want to complete this project asap to take advantage of the upcoming purchasing season, rather than waiting for the ability to finance this project in 12 months with the profits of their other current projects.
+ The firm's 3 current projects under construction are all sold out, and are being financed with this same bank and similar financing structure.
+ High Tourism with low commercial lodging accommodations, high economic growth from oil discoveries & clean energy innovations, 2014 Wold Cup & 2016 World Olympics are all risk mitigating economic stimulants for selling out, and which create a lucrative market for Brazilian real estate investors over the next several years
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