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Jun 15, 2016 3:04 EST

Ground Floor, a leveraged land group – This business plan is an invitation for qualified members of the public to participate in opportunistic leveraged land speculation and acquisition in a rapidly growing and economically dynamic market located in the “Silicon Slopes” of Utah.

iCrowdNewswire - Jun 15, 2016

Ground Floor

 

 

Ground Floor

 

 

Ground Floor , a leveraged land group. Get in on the Ground Floor.

 

 

 

 

COMPANY OVERVIEW

This business plan is an invitation for qualified members of the public to participate in opportunistic leveraged land speculation and acquisition in a rapidly growing and economically dynamic market located in the “Silicon Slopes” of Utah.

Sometimes there is set of circumstances that represent a financial opportunity. Ground Floor, LLC a leveraged land group has been formed and is poised to capitalize on such a scenario.

The legislature in State of Utah has voted to relocate the Utah State Prison from its current location in Draper, Utah to an industrial site in west Salt Lake County (Northwest of the Salt Lake International Airport). As a result of this transaction, the property currently occupied by the prison is to be vacated and made available for redevelopment. This will open up 680 prime acres at what has been traditionally called “the point of the mountain” for a master planned development.

Extensive input has gone into the nature and quality of site utilization, and development entities and enterprises have already been enlisted to participate, to the point that is is unlikely that much of the former prison site will ever become available except by resale or lease of a completed building.

There is, however, a significant amount of land located on the periphery of the soon to be vacated site (estimated completion of the move is June 2020) and therein may be opportunities for Ground Floor to employ its formula to profit from the upcoming transaction.

In the past, Mr. Gary Willey, a principal of Ground Floor, has become aware of other potentially lucrative circumstances and employed a land purchase optionto tie up property in anticipation of finding a window of opportunity with a willing capable buyer, then exercizing the purchase option and completing the sale

The benefit of the leveraged purchase is that for an option fee (around 1 to 2% of the value of the property), Ground Floor “controls” the land and at any time during the option period can purchase the property for an agreed upon price (it is also possible to offer the land seller a portion of the appreciated sales price and join forces to complete the sale, eliminating acquisition capital requirements). If the initial criteria are valid, research is thorough and the terms and timeframe of the option are well designed, the return, cash on cash, can be staggering. If any of the preceding is off, the option investment is forfeit. Multiple options on a variety of parcels is an additional method to combine and manage risk.

In the past and in other Utah communities Mr. Willey has successfully anticipated the market, and while we are not projecting the 200 and even 300% return (on total land value) he has achieved in the past, we are anticipating a return of 15 to 20 percent per year at the time of sale.

 

THE SILICON ECONOMY

Silicon Slopes:

The Draper and Lehi areas, the heart of the Silicon Slopes, are unique markets within the overall Salt Lake City and Utah County metropolitan areas with unique market characteristics including some of the fastest growth in the state, the steadily growing employment in the “technology corridor” consisting of the southernmost portion of Salt Lake County and the northernmost portion of Utah County converging at what has historically been called the “Point of the Mountain”. This is the center of what is known as the “Silicon Slope”, making reference to its dynamism compared to other metropolitan technology communities, most notably Silicon Valley, California. Draper lies at the heart of Silicon Slopes a dynamic technology corridor that runs from Salt Lake City to Provo, Utah and includes the resort mountain community of Park City, Utah.

Utah is home to a bustling entrepreneurial culture. Silicon Valley is the obvious location associated with venture capital investment, but if you take a look at the dollars invested per transaction average, Utah blows its competitors away. Provo-Orem, Utah, averages $51.3 million per deal, and Salt Lake City-Ogden, Utah, averages $17.2 million per deal. It therefore makes a lot of sense that Utah showed up pretty frequently on the latest 2014 Inc. 5000. Eighty-six of the fastest-growing companies in America are located in Utah. In the year 2014 to date over $ 735 million dollars has flowed into Silicon Slopes for tech start ups . It is contiguous and adjacent to Lehi, Utah one of the other major component communities that make up the Silicon Slopes (see below) Lehi, Utah Also at the center of the Silicon Slopes is the formerly agricultural community of Lehi. Over three and one half million square feet of new office and warehousing has been built in the last few years, primarily to accommodate the rapid influx of technology firms that have started, headquartered or moved substantial elements of their operations to this area at the northern end of Utah County

 

 

LEADERSHIP

 

 

Gary Willey

Gary Willey

Principal

 
Over the last 35 years Gary has developed over 1000 acres of land, designed and built 26 hotels (3 more in planning), and constructed over 4000 apartments.
 
 
 
robert brooks

robert brooks

Development Consultant & Principal

 

 

 

Shawn Willey

Shawn Willey

principal

 

 

 

Cort Willey

Cort Willey

principal

 
Ongoing immersive exposure to all elements of business development.
 
 
 
 
 
 
 

 

 

 

Contact Information:

Gary Willey

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