Interartcenter LLC logo wwww.realestateinvest.us icon RealEstateInvest.us  usa flag realestate 239·450·7540 canada flag realestate 416·987·0977
Florida, Naples, Marco Island map

Home · Model Floor Plans · House Pricing · Inventory forSale · Build onYourLot · Contact


2.0 Company and Financing Summary

The Company is a limited liability firm registered in the state of Florida for tax purposes. The company plans to conduct exterior building construction and consequent interior design through personal and private financial investment and if necessary bank loans. The company's target clients are Collier County residents as well as foreign investors and retirement age individuals looking for a second home and having average and above average income levels.
Better Business Bureau

2.1 Registered Name

LLC, a limited liability company organized under the laws of the state of Florida, filed on January 27, 2014 authorized by section 15.16, Florida Statutes

2.2 Company Ownership

Its founder is a well-known artist and entrepreneur who was specializing in Toronto, Canada real-estate market investing for the last 7 years and US real-estate market since 2012. The initial capital comes from Company's Founder funds. All other financing will come from private investors and/or bank loans. In addition, Company's Founder provides one of his own properties, 6640 Beach Resort Dr #12 Naples FL 34114 as the company office.

2.3 Start-up Financing Summary

Start-up expenses and funding required are shown in the table below. This includes expenses and the rest in cash needed to support operations until the first home sale generates profit. Most of the company's liabilities will come from Company's Founder finances and outside private investors; however, we have obtained construction borrowing agreement from Stonegate Bank and First National Bank of the Gulf Coast

2.6 Start-up Funding Breakdown

Below is a breakdown how funds will be allocated for the first and second scenarios. The 1st scenario will be financed by Mr Grie in full. The 2nd scenario will be financed 50% by Mr Grie and 50% by the private investor and/or banks.

. Company's Owner funds: $300,000 (funds accumulated from Toronto's real estate sales, see sale contracts)
. Mr. Michael N., private investor: $100,000 (see letter of investment intent). The 7% interest would be paid during the period of home construction and sale.
. Stonegate Bank, Ft Myers: $185,000. The 5.5% interest would be paid during the period of home construction and 4.75% interest would be paid during the period of sale. (see fees worksheet)
. First National Bank of the Gulf Coast, Naples: $150,000. The 5.5% interest would be paid during the period of home construction and 4.75% interest would be paid during the period of sale. (see bank correspondence)
MAIN-SUBTITLE
Naples Cape Coral Marco Island real estate market trends 2016

2.4 Start-up Funding Requirements, Scenario 1

Below is a breakdown how funds will be used for constructing one (1) first house. Size 2,200 (sq. ft.) under conditioner. Projected turnaround for such development is 4 months.
    Start-up operational costs for 1 house
    Office equipment & supply $2,000
    Company vehicle $15,000
    Web domain www.realestateinvest.us $514.49
    Accounting and bookkeeping $2,000
    Office lease (not required at the start-up)
    Insurance $5,000
    Lot/Land purchase 10,000 (sq. ft) .25 (acres) $50,000
    Construction permit, water, electric, sewer, and legal fees $35,000
    Home construction and decoration contract (total cost ) $180,000
    Miscellaneous and unforeseen costs $10,000
    Total Cost $299,514

2.5 Start-up Funding Requirements, Scenario 2

Funds will be used for constructing two (2) houses simultaneously. Size 2,200 (sq. ft.) under conditioner, each. Projected turnaround for such development is 6 months.
    Start-up operational costs for 2 houses
    Office equipment & supply $2,000
    Accounting and bookkeeping $3,000
    Company vehicle $15,000
    Insurance $10,000
    Lot/Land purchase .25 (acres) each $100,000
    Construction permit, water, electric, sewer, and legal fees $70,000
    Home construction and decoration contract (total cost ) $360,000
    Miscellaneous and unforeseen costs $10,000
    Total Cost $570,000
Start-up Funding Requirements, Scenario 2
  RealEstateInvest.us     usa flag realestate239·450·7540    canada flag realestate416·987·0977

Convertible Duplex Home · Duplex House Design · Duplex Floor Plans · About Company · Sales · Financing · Services · Market Analysis · Marketing Plan

keywords cloud:
Company Financing Summary Start-up, Business Plan Ownership Registered Name, The company's target clients are Collier County residents as well as foreign investors and retirement age individuals looking for a second home and having average and above average income levels.