Replies to post #24655 on CAVU Resources Inc (CAVR)

[Southern Gal]

What's the play with the uptown Charlotte parcel?

https://www.globenewswire.com/news-release/2020/12/03/2139256/0/en/CAVU-Resources-Sinacori-Builders-Secures-Investment-Group-and-Closes-on-5-1-Million-Dollar-Property-to-Build-up-to-a-37-Story-Apartment-Condo-Tower-in-Uptown-Charlotte.html

ALL IMO

Commit the parcel as their contribution towards the overall cost of the project and then get out a like percentage of the profits?
for example:
$7 million parcel and $100 million construction cost- gets them around 7% of the project
once all of the apartments are sold, that's the end of revenue
even if they sold the condos for double their overall cost, 7% of $214 million is nice money, but once it's collected, that's it.
Less the $5 million they paid for the 3 sub-parcels

or

Retain the parcel and issue a 100 year lease to the builder.
Make year over year revenue

What is the debt service on the cost of the 3 sub-parcels