The Opportunity

• Estate property with run down circa 1920 home.
• Owned by cash poor, out-of-state heirs.
• Unfavorable soils.
• Easement and access restrictions.
• Lack of adequate infrastructure.

The Action

• Structured joint venture with owners that required no debt carry on property or existing home, and developed site plan that avoided poor soil areas and yielded extra lot.
• Negotiated with abutting landowner, constructed single-family homes, and completed estate renovation.
• Cash infusion eliminated financing obstacles.
• Significant returns on investment to all parties.

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