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Jul 12, 2016 4:04 EST

Morrison Zhu Goodman Realty Group LLC: Featured on New York Post, NY Daily, NHK/CBS etc. One of the First Developers to Build Micro-Apartments in NYC. We Build,Own and Operate Private Portfolios in US and Australia.

iCrowdNewswire - Jul 12, 2016

Morrison Zhu Goodman Realty Group LLC Logo

 

Morrison Zhu Goodman Realty Group LLC

 

New York, NY 10029, US
Real Estate
www.mzgrealty.com

 

Featured on New York Post, NY Daily, NHK/CBS etc. One of the First Developers to Build Micro-Apartments in NYC.We Build,Own and Operate Private Portfolios in US and Australia.Owner & Operator is Formally an Attorney,IV League Graduate,10Y Experience

Seeking to raise 2M USD to supplement 80% LTV Master Construction Loan on our newest development project in the Bronx, which includes 2x 9 story buildings, 24 green apartments. Current plans are before the Department of Buildings for approval. ETA breaking ground, 4th quarter of 2016.

Security Offered: Equity Shares in Holding Company of 1x Multifamily Property With Buy-Back Covenant for Fixed Amount (Please See Interest Section), Maturing 36 Months From Closing. Prepayment of Loan is Prohibited;
Real Estate Asset Equity: Valuation 3.5M with 500K First Mortgage. 3M Clear Equity + 120K PA Gross Rental Income;
Development Project Valuation (Unrelated to Collateralizing Asset Above): 8-10M;
Payment Terms: Balloon Payment at Maturity;
Interest: 10% PA on Loan Amount (Not Compound), no Payment of Dividends on Shares.

We are looking to offer convertible equity in hard asset (instead of the traditional IOU from bonds or notes) for no other motivation except to offer investors the confidence and the sense of security in their investments.

The pre-money valuation of the hard-asset exceeds total obligation under the 3 year loan sort by 14% in today’s value without taking into consideration projected appreciation.

 

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
Real Estate Development

 

Company Type Stock Exchange Stock Symbol
Privately-Held

 

 

 

 

Contact Information:

Morrison Zhu Goodman Realty Group LLC

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