Lake Cottages at Red Arrow

Missouri > Rocky Mount

Lake Cottages at Red Arrow - 31430 Red Arrow Rd, Rocky Mount, MO 65072

Lake Cottages at Red Arrow: 31430 Red Arrow Rd, Rocky Mount, MO 65072

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For Sale

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For Sale

This property is available for sale

$1,600,000

Sale Price

Overview
This is an investment opportunity with an experienced and proven real estate developer. The developer has a 50% equity in the 12-acre site with a land value of $1,600,000. The developer is seeking $1.5 million in debt to fund the site development of 100 "tiny homes". The loan would be secured by a second mortgage on the land and the development. As the capital is converted into site improvements, including the clubhouse and pool, the value of the collateral will be enhanced. Detailed financial information is available and will be provided with execution of a Confidentiality Agreement.

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Property Details

This is an investment opportunity with an experienced and proven real estate developer. The developer has a 50% equity in the 12-acre site with a land value of $1,600,000. The developer is seeking $1.5 million in debt to fund the site development of 100 "tiny homes". The loan would be secured by a second mortgage on the land and the development. As the capital is converted into site improvements, including the clubhouse and pool, the value of the collateral will be enhanced. Detailed financial information is available and will be provided with execution of a Confidentiality Agreement.