Stuart Henry

Screen Name: Big_Red

Big_Red
Points: 21
Spanish Fork, Utah
UNITED STATES
OFFLINE
Seeking Investor/Financial Partner for Caribbean Resort Project...
rank 1 Full Time
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My Details
Activity Level: Full Time
Investing Since:
Reason on REI: Make Partnerships
Member Since: 05/22/2009
Last Login: 09/24/2009
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About Me

Big Red Enterprises, LLC is looking for startup capital so that we can build our business. Big Red Enterprises is located in Spanish Fork, UT. Below, I have included some other important details about the funding that we need.

We are primarily interested in securing equity funding (Venture Capital, Angel, Private Equity, etc.)

We have negotiated a very lucrative arrangement with a large hotel development partner to develop and build a large scale resort property in the Caribbean. We have an LOI from this developer and they are very keen to move forward. Their business model requires that the land be put into the JV free of debt or encumbrance. The property where the project will be built is currently held in a family trust and the current owners will not consider a Joint Venture under any circumstances. The land is very valuable and based on our intended use, is worth considerably more than we will pay for it. The property is large enough that we will subdivide it into 2 parcels and put only half of it into the JV, and then retain the rest to develop without sharing equity back to the development partner.

We are seeking either the full acquisition cost of approximately $15 Million, or we can secure the ground under contract and put our agreement with the hotel developer in writing by simply putting a 10% deposit into a refundable escrow account while we secure the remainder of our funding. The deposit money will be completely refundable, but must sit in an escrow account held by Sotheby's International Real Estate in a bank account in country. The escrow account can not be held in the U.S. There is no way around this point.

If you are able to fund the entire acquisition, we are open to an equity stake in return for the investment. For the deposit money, we would prefer to work out standard debt terms, but will consider all offers.

If you are a broker, only contact me if you have a legitimate source tied directly to you. I am not interested in working through brokers to get to other brokers to get to the money.

Thank you,

Stuart Henry

My Contacts
Big_Red has 8 contacts

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Matt Miller - Content Director
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JohnCorey
The Millionaire Mind    (Kris Dehnert)
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My Comments
From: The Savvy Investor
04/28/2011

Hello Fellow Utahan,

I'd love to see how we can compliment each others RE business in Utah. Please let me be of service.

George Vincent Patlan III - CEO
Cornerstone Homes, LLC.
519 S. Orem Blvd.
Orem, UT 84058
Main Office: (801) 607-2222
Facsimile:   (801) 224- 0508
www.CornerstoneHomesUtah.com
www.BuyHomeInUtah.com

www.EndUtahForeclosure.com

The Savvy Investor

From: Antwan Stevens
08/12/2009

Seek and ye shall find

When I'm not here networking you could catch me over @ http://www.virtualdealfactory.com/r/Antwan

If there's anything that I could do to support you and your business feel free to call and or email "ANYTIME"
 

Just ask for Antwan

               619-280-1240         619-280-1240 Office       

               619-261-1803         619-261-1803 Cell      


 

 
neverquithpzt@gmail.com
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Join our online Real Estate Investing Network.Today!!!!!

Antwan Stevens

From: Master Home Investments LLC
05/30/2009

Hello there!

Very nice to meet you!  I wanted to stop by and say "Welcome!" and I hope you find exactly what you are looking for within this community of great individuals!  I wish you the best of success in all that you do!  Your presence here will create a great deal of "Value"!

Drop by my profile and say "Hello!"

Erin Dykstra/Ensley - www.EnsleyFunding.com


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Master Home Investments LLC

From: Porsche911
05/24/2009

 Welcome! Ive been a real estate investor for almost 7 years now if you ever need advice or help please dont hesitate to ask me! Also, as an investor, you might want to check out Leadtackle.com, its free and easy to use and helps you locate local real estate buyers/investors for your business purposes! GLUCK


Porsche911

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