INVESTMENT OPPORTUNITY TO BUY LAKEFRONT DEVELOPMENT 85% COMPLETED READY TO SELL LOTS $6,222,000 PROFIT Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Monday, July 21, 2008 End Time Sunday, October 19, 2008 Location Greenwood, South Carolina See more about 'INVESTMENT OPPORTUNITY TO BUY LAKEFRONT DEVELOPMENT' Description Presented in this advertisement is what I believe to be an excellent financial opportunity for someone to make a secure investment in a high-end lakefront community the first of its kind in this area.  Also, notice in the description I will propose any offers to buy lots in blocks of 2 or more if you wish.  The way I would like to do this is to sell 1 waterfront lot and 1-3 interior lots in packages.  I will put you a deal together for serious parties.      What you are buying is a newly completed development on Lake Greenwood, located in Greenwood S.C.  with all utilities in place, roads paved, curbed, property is graded and surveyed, construction of the pool/clubhouse is underway, all retaining wall, beautiful brick wall and security gate in place, basically 85% completion.  There are 4 homes built on 5 of the 65 lots, one of them is owner occupied, the other 3 are model homes/spec homes that are not included in this purchase.  You do not have to be a developer to take on this project.  The majority of the work is complete.  The only thing left to complete is some landscaping and grassing of the common areas, part of the irrigation system, pool and pool-house completion and the final asphalt coating of the roads.  (I would not topcoat the roads until the majority of the homes have been built as to avoid destruction of the fresh asphalt with construction equipment)   I am not going to go into great detail of the specific financial breakdown and deal structure in this description, any seriously interested parties must email me and I will want to talk with you on the phone as well (my contact info is below) and then I will be more than happy to provide you with a very specific cost analysis and a breakdown of the current deal structure that is in place and assist you in any way possible to make a decision on whether or not you wish to consummate this transaction.  I just wish to protect the interest of the current investors and only will divulge the details and current financial status including existing loans and who they are with on a need to know basis.  If you are in this type of business I am sure you understand my desire to protect the privacy of the current investors.    Financial Requirements: Any individual or investment group that wishes to entertain the possibility of buying this project will need:   The ability to raise $4,112,000 via cash/assuming existing mortgages/or new loans.  This is the total financial requirement to 100% purchase and complete this project, with the exception of marketing/management cost. This project will stand on its own, the real estate is there to pledge for the purchase as long as you have the credit worthiness, or even better, cash, there are loans already in place with the exception of one that can be assumed with a minimul influx of cash for qualified buyers.  I will disclose this with any serious parties in detail the exact amount of these loans and the requirements to assume them.  I will also help facilitate a loan from scratch with a local or national bank for any qualified parties.  Between the current project manager and myself we have the connections and knowledge to consummate such a transaction for a qualified/financially solvent buyer/investment group.   Another plus is that $950,000 of the $4,112,000 there is some flexibility on the timeline it must be paid in, this part of the project is on a takedown provision with the current owner, these lots are fully developed and ready for sale, the developer just has not closed on them yet, (meaning less interest paid) once again, I will discuss this with seriously interested parties.  This would reduce the amount of money invested/borrowed to $3,162,000   What you are buying:   This project consist of:   42 unsold lots, which have a retail value of $9,350,000   82 Boat slips, which could be rented/lease for $100 per month each, or sold for approximately $12,000 each or more, approximate value $984,000   Total retail value of assets is $10,334,000-$4,112,000 purchase price/liabilities should realistically yield $6,222,000 approximate profit  +/- before interest/marketing/management cost and should be able to be sold out in 2-3 years.    I am very open to propositions to be a managing partner in this project, I live 1/2 mile from this project and have my primary business location/corporate offices 1/2 mile away as well.  I will listen to anything you want to propose and also have propositions myself that may reduce the amount of cash that will have to be put into this project, also will entertain the idea of selling shares in an investment group should anyone wish to buy less than 100% of the project.  I have the ability to manage this project as well as assemble a proffessional marketing team and strategy to maximize the gain of selling these lots.  I did not put this project on the internet for sale for kicks, I did this as a very serious and financially possible deal for the right party.      You may email me or call me directly anytime, the best way to reach me is either by my direct email, briantroberts@lakelandsmarine.com or call me on my cell, day or night, 7 days a week, 864-993-8242.   Thanks Brian T. Roberts   Place a Bid!