Mixed-use land joint venture
Ikoyi, Lagos
*hot jv opportunity -- ikoyi, lagos*
*location: alexander road, ikoyi*
️️
*land size:*️ 6,000 sqm
*title:*️ certificate of occupancy (c of o)
*land value:* ₦15 billion
*proposed development:* 15 units of 6-bedroom luxury detached mansions
*profit sharing:* no profit sharing, developer takes it all
*facilitator's fee:* 10%
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*jv concept -- land sales development structure:*
investor makes an initial payment of at least *60%* of the land value.
a joint venture agreement is signed.
the balance of the land payment is to be completed within 12--18 months, ideally funded by proceeds from early off-takers of the developed units.
upon full payment of the land value, the developer/investor assumes full ownership and control of the entire project --- no profit sharing.
*this is a high-value investment strictly for serious and financially capable developers.*
*transaction requirements:*
1. letter of interest (loi)
2. developer/investor profile
3. letter of irrevocable acceptance to pay 8% as the minimum acceptable facilitators fee
4. proof of funds
*developer/investor must agree to the above jv structure before we proceed with the next steps.*
#rokeebat#~ola(...
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₦15,000,000,000
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