The best development offer. Application deadline: October 30
Application deadline: October 30
The seller is a retiring private investor. The sale offer includes 4 land plots totalling 2,369 m². The buyer under the forward transaction is Housing Trust Group, Florida's residential property development market leader participating in the affordable housing Tax Credit Program.
The condition of the plot sale will be decided upon obtaining the required construction permits and approvals from the local government. The local authorities are interested in developing affordable housing projects and currently the approval rate for these sort of projects ranks at over 95%. The developer has provided a LOI for the purchase of the plot.
In the case of Housing Trust Group's application not being approved the investor retains the plot and can construct an apartment building independently or jointly with the developer. The project budget is $32M (including the price of the plot), the project term is 5 years, the levered IRR is 32%.
Read more at Tranio
Why Europeans are buying up more Greek real estate
How have cross-border commercial real estate transactions shifted since 2017?
Tranio.com partners with Opal Group for international real estate investing summits & family office forums in 2019
German real estate development: tips for investors
UK to reveal property owners registered to offshore companies
Athens short-term rental property: where to get the biggest bang for your buck
The elite three-bedroom apartment with a terrace is located in a unique residence consisting of 26 apartments. The buildings are surrounded by Mediterranean gardens and have panoramic sea or lake v...
Bright villa with a quality finish, a terrace, a parking and a landscaped plot.
New development of townhouses situated between the town of San Miguel de Salinas and Villamartin golf course, close to all amenities and the beaches of Orihuela Costa. This modern designed complex ...