The Florida Licensed Residential General contractor is looking to expand with a partner. He is offering 45% equity in the company. The buying partner is allowed to build/ remodel an unlimited number of houses in Florida. The construction company is currently only residential and will be upgrading to commercial by the end of the year. The construction company will also open a plumbing license for the state of Florida by the middle of July. An opportunity like this is amazing for a developer or someone with funds looking to get into construction. You can either build and do jobs with the current owner, or do your own flips and builds aside from him. You will be able to use the subcontractors and employees in the company. Instead of paying a General Contractor a ton of money to build for you, become a part-owner and build yourself. The company is well known in the Tampa Bay area and is looking to expand to all parts of Florida. The General Contractor is also a Real Estate Broker, which can help find land and acquisitions. There has never been such a demand to build houses. The equity in the company will give the buyer the ability to remodel and build new homes under the license. Details could be further discussed.
Tampa, FL, 33612
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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