Okay, right. So if average price is around $100K, then actual revenue per lot in THIS offer is $60K after the 40% discount. Times 50 lots is $3M. For this offer. Next offer would be more $$.
If discount drops evenly and ends up 10% for the last offer, average rev/lot would be $90K for the last offer. Figure the first offer was about 50% (so $50K/lot). Take the middle, $70K x 500 lots and that gives $35 Million!!
And what about the building on the lots? Say only 10% want to build in the first year, getting 20% early construction discount?!? If average of 2,500 sqft, $100/sqft gives $250,000. After 20% discount, $200K. Sure seems conservative that only 10% would take that discount. But just using 10%, that's 50 x $200K: $10M more in revenue from building on only 10% of the reservation lots!
Shouldn't have any problem at all getting Cielo Mar launched with anything even close to these numbers. Having just 2 dozen sales to start out should open a LOT of doors for more, better financing than most OTC companies even dream of, right? Heck, with THESE numbers we might not even need any other type of financing. I'd guess that with having just 50 or more lots sold out at launch would start, it wouldn't take long with all the interest to have 50 and 100 lots being sold monthly!
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