Jun 24 2015, 09:35 AM
QUOTE(jason1986 @ Jun 24 2015, 09:28 AM)
Dear all,
Wondering if any of you have experience with JV with developer.
Total GDV breakdown as follows:-
3 corner terrace - 400k per unit = 1.2mil
66 intermediate terrace - 350k per unit = 23.1mil
18 semi d - 500k per unit = 9mil
Total GDV = 33.3 mil
Dev propose that landowner gets 6 semi d, 20 terrace, 2 will be corner. About 10.1mil in value.
Definitely not viable. This is what happens when developer has not enough or no money to pay main cons or biz partners. They tend to contra off with unsold properties. Wondering if any of you have experience with JV with developer.
Total GDV breakdown as follows:-
3 corner terrace - 400k per unit = 1.2mil
66 intermediate terrace - 350k per unit = 23.1mil
18 semi d - 500k per unit = 9mil
Total GDV = 33.3 mil
Dev propose that landowner gets 6 semi d, 20 terrace, 2 will be corner. About 10.1mil in value.
Profit sharing is the norm in this kinda situation.
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