Construction Completion Financing
We've completed the initial phase of renovations using our own capital. Now, we're seeking partners to help us finish transforming this property into a premier destination.
Unsecured Promissory Notes
- Purpose: Fund the completion of renovations for Vineyard Court.
- Structure: Simple unsecured promissory notes—no complex terms or property liens.
- Return: 10% interest paid monthly, providing predictable income.
- Term: 5 years with principal returned at maturity.
- Minimum: $27,500 per note.
Current Construction Progress
Phase 1: Completed
- ✓ Property acquisition
- ✓ Architectural plans
- Initial demolition
- Structural repairs
- Exterior renovations
Phase 2: In Progress
- → Interior framing
- Electrical systems
- → Plumbing systems
- → HVAC installation
Phase 3: Your Funding
- Luxury finishes
- High-end fixtures
- • Premium appliances
- • Amenity installations
- • Interior design elements
5-Year Amortization Schedule
| Year | Monthly Payment | Total Interest for the Year | Principal |
|---|---|---|---|
| If You Lend $27,500 | |||
| 1 | $229.17 | $2,750.04 | $0.00 |
| 2 | $229.17 | $2,750.04 | $0.00 |
| 3 | $229.17 | $2,750.04 | $0.00 |
| 4 | $229.17 | $2,750.04 | $0.00 |
| 5 | $229.17 | $2,750.04 | $27,500.00 |
| Total: | $13,750.20 | $27,500.00 | |
| If You Lend $55,000 | |||
| 1 | $458.33 | $5,499.96 | $0.00 |
| 2 | $458.33 | $5,499.96 | $0.00 |
| 3 | $458.33 | $5,499.96 | $0.00 |
| 4 | $458.33 | $5,499.96 | $0.00 |
| 5 | $458.33 | $5,499.96 | $55,000.00 |
| Total: | $27,499.80 | $55,000.00 | |
| If You Lend $110,000 | |||
| 1 | $916.67 | $11,000.04 | $0.00 |
| 2 | $916.67 | $11,000.04 | $0.00 |
| 3 | $916.67 | $11,000.04 | $0.00 |
| 4 | $916.67 | $11,000.04 | $0.00 |
| 5 | $916.67 | $11,000.04 | $110,000.00 |
| Total: | $55,000.20 | $110,000.00 | |
You lend money and get a monthly payment every month for 5 years. In Year 5, you also pay back the full amount you lent. The total interest is your reward for lending!
Interest payments begin the month following the funding of your note.
|
Bill Cassell |