Overview

The investment involves the acquisition of three adjacent residential lots in Los Altos Hills, CA, then rebuild and sale of three single family homes. The Sponsor will acquire the necessary permits, rebuild, and sell the first home within 16 month, and the remaining homes within 22 months.

The principals of the Project Sponsor have successfully built several homes in CA over the past decade. The Sponsor is in contract to purchase the property in late February. Accordingly, the primary objective of this investment is to (1) purchase the property, (2) complete the rebuild work upon closing of the transaction, and (2) sell the first home or cash investors out within 16 months.