maya doty
las vegas, NV (USA)
Role(s):
Manager/Supervisor
MayaDoty
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Startup
Location:
las vegas
Industry:
Construction
Year Founded:
2008
Number Employees:
1-10 people
Description:
Development Partner to Exploit Distressed Real Estate Development Market
Strategy
Our goal is to acquire/partner in undervalued opportunities in a challenging market place:
1. Team up at a discount with existing developers that have good projects, but are cash-strapped.
2. Provide equity to the cash-strapped developers.
3. Projects to show a minimum 23% IRR with 3 to 5 year exit strategy.
4. Co-develop the projects with existing contractors.
5. Through the construction arm, perform general contracting and self-perform subcontracting work.
6. 5-tiered fees:
a. Equity working the arbitrage with the cash-strapped developer and equity supplier. From 5-35% of the transaction
b. Financing fees for providing the equity (typically 5% on equity/mez/bridge financing, and 1.5%-2% on senior debt)
c. Developer fees – from 2% to 10%
d. General conditions for the construction work, plus margins on self-performance work
e. Profit on construction – 6% to 10%.