Doug Doering
Portland, OR (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Prestige Design and General Contracting Inc
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Startup
Location:
Portland
Industry:
Real Estate
Year Founded:
2013
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
Prestige Design is diversified Home Builder and Home Improvement contractor. Currently top Outdoor living contractor and re-modeling contractor, services provided Excavation, Framing, Roofing, Interior construction. Development Division researches land opportunities that will provide lots for construction of new homes and apartments in addition to mixed use developments. Currently were looking for investors that would partner with us for development opportunities in Central Oregon. This market has less than a 1% vacancy rate and is in need of entry level housing and rentals of 2 to 3 bedroom homes immediately. We have a project that is already approved and ready to construct that the investor failed to come up with the funds this week for a scheduled start date of October 19, 2015. The investment amount was 1,200,000.00 with a completion in six months and a 25% return on investment with commitment to purchase lots in sixty days after startup. Prestige has contract on subdivision work ready and the project is already underway. Lots are projected to be build-able by end of November this year, with buyers waiting now.