Seomyeon
South Jeolla, South Korea
Due Diligence Pending
Equity Seeking$ 10,000,000
Equity StructureHybrid Equity
23.7-Acre Hot Spring Resort Development | Suncheon, South Korea
Total Raise$ 27,000,000
Equity Seeking$ 10,000,000
Sponsor Co-Investment$ 17,000,000
Preferred Return8%
Profit Split (Investor/Sponsor)50 / 50
Project TypeGround-Up Development
Hold Period3–5 Years
Investment Annual Income$ 800,000
Investment Monthly Income$ 66,667
Lot Size Ac / Sq Ft23.66 / 1,030,500
Zoning / UseHot Spring Resort / Development
Entitlement StatusIn Process
Permit StatusSubmitted / In Plan Check
Projected Building Size (Sq Ft)580,508
Projected # Units298
Projected # of Stories7
Projected Parking Spaces390
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Property Location
KKim J.
Sponsor Representative