Monday, July 9, 2007

FW: Yellowstone Property

New opportunity from Friday from a business partner..

From: Sean M. Broderick, CCIM
Sent: Friday, July 06, 2007 10:53 AM
Subject: Yellowstone Property

Attached are some numbers on a 1,200 acre master plan outside of the West entrance to Yellowstone Nat. Park.. One of my clients has paid option money and entitlement fees to this point (about 90% complete) and need additional capital to get entitlements approved in 2/08. They are willing to give up 40% equity for a $3M equity infusion as soon as possible. From the numbers, there is $60M+ anticipated profit for the 40% equity partner as well as 12% pref on the $3M. Once entitlements are acquired in Feb ’08, the bank financing is in place to return ½ of the $3M equity capital.

Let me know if this is something that you’d would have an interest in.. My contact information is provided below..

Thanks, Sean..

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