DEVELOPMENT PARTNER / CAPITAL PARTNER WANTED: REAL ESTATE DEVELOPMENT (Bloomfield Hills)
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I’m looking for a capital partner to help fund the pre-development and entitlement costs for a real estate development project currently under contract.
I’m looking for someone who can provide the capital needed to carry the project through entitlement and into the next stage of development. This includes expenses such as earnest money deposit (EMD), MEDC/incentive consultants, HUD-related fees, engineering, architecture, legal/professional fees, and other reasonable pre-development expenses.
In exchange for funding these costs, I’m offering a 25% ownership interest in the development company/project.
The structure is straightforward: you provide the capital needed to get the project through the pre-development and entitlement process, and those funds are paid back in full from the project financing/closing proceeds before the remaining economics are distributed according to ownership.
I’m not looking for a passive investor to simply write a check, however, everything is negotiable. Ideally, I’m looking for someone who understands real estate, development, finance, or investing and wants to participate in a real development opportunity.
The project is currently under purchase agreement, and I am actively moving forward with the development team, entitlements, engineering, architecture, financing, and incentive work.
If you’re interested, please respond with a brief introduction, your background, and the amount of capital you would be comfortable deploying. I’m happy to provide additional information and discuss the project privately with qualified parties.