Looking for Equity Partner in Townhome Development in Dallas

[Joseph Pytcher]

We are experienced developers in Dallas and will be building a four unit townhome development and will be needing $500k (can be from multiple investors) from equity partners. Cost of the land is $400k and total cost to construct is $900k. We will be providing the funding for the construction and holding costs and will require the equity for the lot acquisition and up front construction fees. 

We are paying a 9% preferred return annualized with 15% of the profit split allowing for no less than a 20% total return annualized. The project should take no longer than 12-18 months to construct and sell all four units. 

Please contact me with any questions. 

Joseph