gregory bosarge
biloxi, MS (USA)
Role(s):
peak entertainment llc
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Startup
Location:
biloxi
Industry:
Entertainment
Year Founded:
2007
Number Employees:
INVALID
Description:
start up company focusing on seeking and acquiring distressed casino related properties. currently have two properties adjoined with one currently operating and the sister property vacant in great condition to be opened. sales price $5.0m for both and appraised at $10.2m in april 2000, eight years ago. annual increase of 3% in property vlaue results in $7.0m in immediate equity. 3% increase realistic due to market gaming revenues for same time period increased 67%.
i have secured venture capital to provide a 15.5m loan to purchase, renovate, upgrade and open second facility with 100% financing no cash required on a temporary interest only three year term loan. requires personal guarantees of partners with minimum net worth of $5.0m which is also max partner exposure combined. once both f