Cohousing-L Mailing List: Re: Seeking Investors for Cohousing Land Purchase

[Joyce Cheney (jcheneyjc]

Well, ya had me until the $100K minimum.
That's setting a pretty high bar that has already eliminated me - and
likely others.
Good luck, tho.
Joyce Cheney, CO co-houser

On Mon, Dec 23, 2019 at 1:14 PM Mark Owkes <mark.owkes [at] gmail.com> wrote:

> Hi,
>
> We know this is a really busy time of year.  We are especially busy here
> at Bozeman Cohousing with a time-sensitive request that we hope you may be
> interested in.
>
> The Bozeman Cohousing group is under contract to purchase a 5-acre
> property in south Bozeman and is seeking accredited investors to help us
> complete the purchase.  We are seeking individuals who are interested in
> investing at least $100,000 up to the total purchase price of $1.72 million
> for this land.  The investment is backed by the land itself.  We will pay
> 4-6% interest for two years on the investment (with payments deferred to
> the end of the two years).  At the end of two years, we will get a
> construction loan for the development project and purchase the land back
> from the investors.  Additional details can be found in this document:
> https://public.3.basecamp.com/p/cgATy2bDRHy9Sy9uq1gUw2LN.
>
> Please let us know as soon as possible if you would like to invest in the
> land purchase.  You can reply to this email or call Eric Dobson at
> 406.219.2103 (home phone, texting won't work).
>
> Thanks and happy holidays,
> Mark
> Member, Bozeman Cohousing
>
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