Western Dakota Condominiums Inc

$14M equity request for 504 new housing units in high demand, high growth, low inventory market. 99/1 Investor/Developer Cash Flow Waterfall model w/ 62% IRR.

  • Stage Full Product Ready
  • Industry Real Estate
  • Location Bismarck, ND, USA
  • Currency USD
  • Founded August 2014
  • Employees 0
  • Incorporation Type C-corp
  • Website http://David Lamb @ Linkedin

Company Summary

Company mission is to provide affordable entry level 1, 2, 3 bedroom housing in the city limits of Dickinson, Watford City, Tioga and Minot, North Dakota. Buildings were build five years ago. Condominiums will be priced under $150K and come with appliances, 1 and 2 car garages plus amenities. Conventional, FHA (3% down), VA (0 down), USDA ( 0 down) approved and seller financing available with 20% down payment and income qualification.

Team

  • Managing Partner

    Entrepreneur; Real Estate - Experience as a broker, a lender, in acquisitions, sales, marketing, as a home design build contractor, in condo conversions & property management; also in training & sales of a state-of-the-art municipal wastewater treatment system; as well as, experience in Middle Market commercial lending and correspondent banking disciplines developed at National City Bank. Credit training at Union Commerce Bank, Cleveland, OH.

Advisors

Previous Investors

  • Bill Reimer
    Unconfirmed
    Ryan Kingrider
    Unconfirmed

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