Details - Information last confirmed on April 28, 2021
Development Company has a contract to acquire 160 acres in Angleton, Texas ETJ. A large national builder will acquire 500 single-family residential lots. Investor contributes to a $500,000 equity fund. Utilizing non-recourse financing and the builder's contribution, the project does not require additional equity. Minimum contribution is 12.5% of $500,000, or $62,500. Developer has an excellent track record and references. Excellent rate of return with equity returned to the investor within 24 months.
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