REAL ASSET PLAY as much as a squeeze play! Leverage based on r/e assets, which they say they GUARNANTEE will be provided via financing to avoid dilution.
This is what you are buying for LESS THAN .05 cents. Ownership was in between .30 and .40.
Consultech Construction Management, Inc. ("Consultech"), one of only seven, designated "Master Builders" on the North American Continent and in Europe, merger and property acquisition capital totaling $10M, arranged by Consultech.
Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations, has set an initial timeline of 30 days to completion. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months.
Landsberg Lofts North, Detroit, MI - 8 units Purchased for 460K Mortgage held by CEO Dennis Ammerman Appraised value (prior to construction) = $750K Construction Costs to date = $500K Construction Costs remaining = $150K Estimated value upon completion =$2.1 M Building was financed via a debt equity agreement with CEO Dennis Ammerman.
Milwaukee Junction, Detroit, MI This building will be new construction 52 Brownstone (new construction) 14,000 sq. ft. of retail The company is presently negotiating financial terms for the building.
Ambrose Lofts – Joint Venture (40% to LoftWerks), Nashville, TN 20 unit loft conversion, total sale price $4.7 million Ground floor retail (occupied) 40% of project to Loftwerks including short term note representing 64K in equity
Doctors Building – loft conversion Approx. 50 units, total sale price $15 million Ground floor office/retail (occupied) Presently in development with Strategic and Logistic Planning committee; terms should be available within a six month period.
Mid-rise luxury condominium project. This building will be new construction Approx. 50 units, Total sale price $40 million The renovation of this building is a joint venture that will be managed by Loftwerks. Eventual sale price is estimated at $40 million. Building owner is giving Loftwerks a TBD percentage of ownership based on Loftwerks performance.
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