请教滑雪村附近投资

出差时认识的人，找人投资滑雪村附近的投资

2.5 acre, build 31 luxuary cabins + remodel one restaurant / solon

Sponsor 买了那块地，要凑钱开发。Offers prefered shares。About 55% prefered share + 45% loan financing

大概10-12% stablized yield on ，然后按5% cap rate valuation 卖掉。按他们的计算，cash flow是这样：

For prefered shere dollor

1.5 year: 10.03%

2.5 year: 11.56%

3.5 year: 124.07% (refinance to payback constuction loan, and pay back investor)

4.5 year: 2.80%

5 year: 108.11% (sell the project at 5% cap rate valuation)

IRR: 27.2%

MOIC: 2.57x

投的话要注意什么？

每个cabin 只有475 sf。他们是按 $250/cabin average daily rate，70% occupency rate 计算 stablized yield。这些数字靠谱吗