Executive Summary

Montecito Residential Condominium

Residential lots
Applicant

Name: Arq. Alfredo Torres Himede

Edificio Atrium Plaza Local 22 Blvd. Santa Elena
Antiguo Cuscatlan, La Libertad, El Salvador
Company: Crear, S.A. de C.V.
Phone numbers: (503) 2289-4070, cell (503)7244-8464
Email address: ath@crear.com.sv
Web: www.crear.com.sv
Description of Project

Funding is requested for the development of a property that already

has all the (environment, town hall, OPAMSS) institutional permits
Such property is located with an outstanding location in an area
of ​current housing development. The current owners sell the property
to a value of 75 dollars per square yard, including the design of
urbanization, permits.
The project is to buy land and build roads, with all the infrastructure,
security booth, cas club, recreational area.
It is a price of a chance as it took them two years to get these permits.
an amount of 10.8 million is needed to complete the project within a
period of two years. Gross profit from the sale of the 29 lots is
equivalent to 3.5 million.
Currently there are potential buyers interested to apply for financing at
the same price.
The owner of the property shared me this information and I would like
to develop with a rapid financing from outside.
 PROYECTO DE URBANIZACION
Land Sale price 90 $/SQ.V
Price offer 75 $/SQ.V

Area Land 61,599.41 SQM 88,136.44 SQ. V

Lots Total floor area 46,637.17 SQM 66,728.46 SQ. V
value land 6610,232.69
Urbanization value 2535,681.59
Clubhouse 700,000.00
Land value Urbanized 9845,914.27
Administrative expenses 689,214.00
Commercialization 295,377.43
Total cost 10830,505.70

Sale price 200.00 $/SQV

Useful Marketable Area 66,728.46 SQ. V
Value Sale Lots 13345,692.57
Gross profit 3499,778.29
349,977.83
Net profit 3149,800.46
Period 2 years
annual return 14.54%