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