San 38-2 Jigok-dong
Gyeonggi, South Korea
Due Diligence Pending
Equity Seeking$ 22,200,000
Equity StructurePreferred Equity
Banyan Tree 5-Star Urban Resort & Residences Development (Pre-Entitled Land In-Kind)
Total Raise$ 77,400,000
Equity Seeking$ 22,200,000
Sponsor Co-Investment$ 55,200,000
Debt Financing$ 188,700,000
Preferred Return10%
Profit Split (Investor/Sponsor)Negotiable
Project TypeGround-Up Development
Hold Period2–3 Years
Investment Annual Income$ 2,220,000
Investment Monthly Income$ 185,000
Lot Size Ac / Sq Ft6.93 / 302,000
Zoning / UseNatural Green Area / Resort Hotel Development
Entitlement StatusFully Entitled
Permit StatusPermitted
Estimated Resale Price$ 301,900,000
Projected Building Size (Sq Ft)452,000
Projected # Units280
Projected # of Stories17
Projected Parking Spaces350
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Property Location
JJohn K.
Borrower Representative