447-461 Broadway Partners LLC
447-461 Broadway Partners LLC, is a California Limited Liability Company organized to acquire, own, operate and sell the property. The Company is organized and sponsored by Lion & Foster International, Inc., a Delaware Corporation.
The Company is seeking to raise a total of $10,000,000 in equity capital through the sale of One Hundred (100) Membership Units in the Company for $100,000 each. The sale proceeds will be used to acquire 100% of the subject property, plus provide 50% of the capital for additional construction/additions onto the Property. At the conclusion of this offering, the Company will be 100% owner of the Property and move forward with upgrade/development of the property, including architectural design and drawings, mechanical drawings, and City of San Francisco approval to build an additional 4 story, apartment units of approximately 16,000 additional square feet.
The Property is an 8,369 square foot lot in one parcel located at 447 Broadway Street in the North Beach area of San Francisco, California. The physical improvements on the Property are a multi-story structure of approximately 15,333 square feet, which is consists of 31 residential Studio Room (SRO) units above a ground floor commercial space. There is also a 17-car garage under the back portion of the property
Products / Services
Full service luxury real estate agency.
Lion & Foster International, Inc., Inc. is a privately held California Corporation. Lion & Foster International, Inc. is Sponsor of the Offering and Manager of the investment project (Sponsor/Manager). Lion & Foster International, Inc. is a licensed real estate brokerage in California. The President of Lion & Foster International, Inc. has been a successful real estate broker and property manager firm since 1984.
Each office of Lion & Foster International, Inc. provides a spectrum of services to its clientele. The core services we provide are:
Luxury residential estate sales/leasing;
Commercial-investment real estate sales/leasing;
Property management services;
International real estate marketing services;
President Executive Officer
Mr. Perotti (Cal BRE 00874027) is a 31-year veteran of the real estate industry and is responsible for directing all aspects of Lion & Foster International, Inc.’s operations, including brokerage and investment activities. He is a former national Master Instructor for the Council of Real Estate Brokerage Managers and is the author of The Real Estate Entrepreneur (McGraw Hill) and has been published in several real estate trade magazines. He has sold over 500 properties and $500 million in real estate. Mr. Perotti has personally acquired and improved several real estate projects throughout the Bay Area and in the San Francisco, Oregon area.
Mr. Fossan is responsible for all investor-related issues and communications. He has worked closely with Mr. Perotti as part of his private sales team for the last few years. He has held executive positions in marketing, communication systems, business consulting and development. Mr. Fossan has 30+ years within the financial services/investment industry, and his background includes real estate marketing; over 20 years as a registered financial advisor; and advising high net worth clients and their advisors at a leading self-directed IRA custodian of alternative investments.
Ken Fowler (Cal BRE 00966651) has been doing real estate since 1975 an full time since 1982, with previous experience as a professional fire chief and owner of two construction companies. Currently sales manager and trainer as well as past instructor for real estate at College of Marin.