Shane Gray
Haslet, TX (USA)
Role(s):
Other
Lazy Days RV
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Startup
Location:
Haslet
Industry:
Real Estate
Year Founded:
2009
Number Employees:
1-10 people
Description:
Seeking capital (300k)to purchase RV park. Willing to invest up to 20% down. Park is currently @ about a 20% cap rate. Looking for investor to carry 1st lien note @ 10-12% Interest only with a 24-60 month exit (discretion of investor). Additionally investor will have a 10% equity stake in the FMV (Fair Market Value)of business after 24-60 months at which will be paid @ balloon term negotiated. At that time the full amount of initial investment will also be satisfied.