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Robert Ellis
Pink Development and Construction
2 reviews
2 reviews
Robert Ellis
Pink Development and Construction
Specialties: Residential, Commercial, Land
I am thrilled to share with you an exciting opportunity that has been in the works over the past eight weeks – the development of a strategically designed floorplan named "The Lillian." After extensive research and market analysis, we've crafted a floorplan that not only caters to the current demand for rental properties but also positions itself as an ideal spec home for resale. Our target market includes investors looking to capitalize on the growing demand for homes between 700-1300 square feet, a niche that has shown promising returns. Here's a snapshot of what we've been working on: Market Research and Design: Our team has diligently studied the market trends, incorporating a linear regression model to identify the sweet spot for a floorplan that optimizes both rental potential and resale value. Strategic Partnerships: To enhance the success of this venture, we are open to collaborative partnerships with other builders. Whether you're an experienced builder or just starting out, we believe in the power of combining different skill sets for mutual success. Financial Projections: We have conducted a thorough underwriting, providing detailed insights into Internal Rate of Return (IRR), returns, leveraged returns, and more. Attached, you'll find our comprehensive financial analysis outlining the potential for maximizing equity and achieving substantial returns. Construction Cost Target: With a target construction cost set at 75% of the appraised value, we are currently working with national vendors to finalize finish schedules. Our goal is to bring the cost below $284,619.60, ensuring a profitable venture for all involved. The first groundbreaking for "The Lillian" is scheduled for January 2024, and we are actively seeking investors interested in breaking ground in either Q1 or Q2 of 2024. If you have any questions or would like to discuss this opportunity further, please feel free to reach out. We believe that this project not only offers a solid investment opportunity but also contributes to the growth of our community. Attached is a detailed business plan, and we look forward to building houses and partnerships throughout 2024. Thank you for considering this exciting venture with us. We look forward to the possibility of working together and creating something truly impactful. Please reach out via phone or email if you want to learn more about any of the supporting documentation to this journey or explore what this could look like.
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RCD Capital
5.0
1 reviews
5.0
1 reviews
RCD Capital
At RCD Capital, we are a nationwide direct lender, specialized in Bridge Financing, Fix & Flips, New Construction, and DSCR/Non-Qualified loans. We love being apart of the BiggerPockets Community and contribute to the success of investors. You can contact us at 📞 800.369.7009 or 📧 [email protected]. We provide pre-approvals and term sheets within 24hrs of submission and can close as quickly as 7 business days. Fix & Flip/ New Construction: • Up to 90% of Purchase • 110% of Rehab/Construction • Monthly Payments Rolled into the Loan • Advance Rehab Draws • Rates starting at 10.25% APR • Points starting at 1% • No Prepayment Penalty • 600 Minimum Credit Score • No Income, No Tax Returns, & No Reserves DSCR Loans: • Up to 80% of Purchase • Up to 75% Cash Out • Up to 80% Rate/Term • 30-year fixed rate, amortized 30 years • Rates starting at 6.99% (as of 12.5.23) • Points starting at 0% • 1.1 Minimum DSCR Ratio • 680 Minimum Credit Score, co-signers allowed • No Seasoning of Funds Required • No Income & No Tax Returns ✅ Bridge Financing ✅ Residential or Commercial Hard Money Lending ✅ Fix and Flips or New Construction ✅ 30 Year DSCR Loans ✅ Non Qualified Mortgage ✅ Portfolio Loan ✅ Foreign National Financing Available ✅ Multifamily Hard Money Lending California Finance Lender 60DBO-76030 Arizona Mortgage Banker 1048291 NMLS 1722515 At RCD Capital, we take pride in our approach—most of our staff members are also deeply engaged in real estate ventures. This unique dynamic provides us with a competitive edge, as we possess an intimate understanding of our borrowers' needs. We are well-equipped to assist them in overcoming challenges and thriving in any market condition. A+ rated on BBB https://www.bbb.org/us/ca/artesia/profile/financial-services/rcd-capital-llc-1216-261282 Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii,Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina,Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia

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