Phil Lindsey
Ashland, OR (USA)
Role(s):
Founder/Owner/Principal
Ashterdam LLC
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Startup
Location:
Ashland
Industry:
Agriculture
Year Founded:
2015
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
We are positioned to net over $300,000 our first year this year and over $2,000,000 our 2nd year in this highly profitable Recreational Marijuana industry in Oregon. I have an opportunity to purchase a perfectly suited agricultural property for $875,000. The Seller is willing to carry a $350,000 2nd mortgage and I am looking for a lender/investor to put the $525,000 down payment to be in the 1st lien position.
This property is an Exclusive Farm Use with over 10 acres and a beautiful home build in 1990 with over 2,500 sq ft. 3 Bdrm and 3.5 Baths.
Please let me know if you'd consider investing in such a scenario. I was thinking of 11% interest for 5 years which would give the investor about $250,000 in profit in those 5 years. We could have a Pre-Payment Penalty that states the intention for the investor to get $250,000 in profit and thus if I cash out the loan before the end of 5 years the prepayment penalty could be the balance of interest not yet paid to ensure the investor receives the total of $250,000.