Damon George

High Point, NC (USA)
Role(s):
Other

Alchemical Energy LLC

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Location: High Point
Industry: Other
Year Founded: 2010
Number Employees: 1-10 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: 18% GUARANTEED RETURN ON COMMERCIAL RETAIL PROPERTY • $500,000 Investment Needed • Investors capital and 18% IRR is distributed before current owner receives any proceeds • Property is 87% leased and occupied • National Credit Tenant leases 46% of space • Owner will contribute $938,500, or 25% of value, which is subordinated • Property has 12,504 square feet • First Mortgage of $2.2 million is approved • Property is Valued at $3,638,500 per lender's appraisal done Oct. 2010 • Current Owner has 20+ years of experience • Term is expected to be 9 - 12 months