Jean Dr. Raleigh , NC
• 3.34 Acres in the heart of North Raleigh
• 6 Lot yield
• 10 minutes from Raleigh/ Durham International Airport
• 5 minutes from Crabtree Valley Mall
• Great North Raleigh Location near Creedmoor / Lynn Intersection
• Near 0 supply of New Homes in this area.
• Purchase Price is
Great Infill area with high demand, and near zero inventory, and comps to support $550k-$700k price point.
This project is a 3.34 acre site comprised of 2 parcels with existing structures on each parcel. Development will included demolition of the existing structures, installation of storm drainage, installation of tree screening, installation of curb and gutter, and street pavement.
The following is a breakdown of expenses:
Option 1- Investor Funded acquisition and development
Monies are disbursed in a lump sum or drawn as progress payments. Interest accrues from distribution date. Grayson Dare repays principal and interest as individual lots are absorbed with construction loans on pre-sold homes. Investor secured with blanket Deed of Trust on project.
Option 2 – Lots are platted and sold to Investor(s). Principle and
Interest are accrued on a lot by lot basis. Grayson Dare develops
property. Grayson Dare re-purchases developed lots at agreed upon
price (principal and interest accrued). Lots are secured with Deed of
Trust, Grayson Dare provides a take down agreement for absorption rate.
Investment Horizon and Expected Returns
Option 1- Lump Sum / Draw Down
Option 2- Paper Lot Purchase