BRENTWOOD DEVELOPMENT: The Company’s planned
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Posted On: 04/03/2018 10:46:24 PM
BRENTWOOD DEVELOPMENT:
Quote:
The Company’s planned phase 1 of the residential subdivision development project to construct a total of 42 upscale single-family residences in Davidson and Williamson Counties, Tennessee is proceeding ahead of schedule and the Company will provide a more detailed progress update in the very near future. LIGA’s management team continues to negotiate future development opportunities with investors, developers and partners.
As stated in the Company news release on February 1st, LIG Assets has already closed on the $1,000,000.00 total purchase price with $150,000 submitted on the closing date. The properties deed was procured with a structure that ensures financial success of the development. Phase 1’s projected gross revenues upon completion of the 42-unit upscale residential subdivision is expected to exceed $28 million dollars with individual homes priced between $599k to $1 million+. Total projected gross profit for just the undeveloped land parcels is $7,100,000.00. In addition, LIGA Homes has the option to procure the adjacent 30-acre lot with identical terms.
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