kores investment developments - houston

46
SOLID INVESTMENT OPPORTUNITIES TEXAS PORTFOLIO Ko Res RELATIONSHIPS FOR LIFE

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KORES proudly presents a new solid investment opportunity in Houston. 258 rental apartment units (multi-family) in downtown Houston, Texas. Features portfolio of existing projects.

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Page 1: KORES Investment Developments - Houston

solid investment opportunities texas portfolio

KoResRELATIONSHIPS FOR LIFE

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A rentAl Community developmentHouston, texAs

presented by: Kores

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exeCutive summAry

• Development of 258 Rental Apartment Units (multi-family)

in Downtown Houston, Texas

• total Cost of the project: $43MM

• Construction financing already approved: $29MM

• equity being raised from investor: $13.7MM

• length of time for construction: 24 — 28 months

• exit strategy: Refinancing based on the value of the project at

approx. 90 days of completion, which will allow to return all the equity

back to the investor and repayment of construction loan between

month 24 and 28 of the project

• The investor will receive “preferred stock” with the indicated projected

Cash Flow (see attachment)

• The investor will obtain REAL guaranties through the “preferred stock”

• At Closing, the financing of the project will be in place and ready to be executed,

the construction company will personally guarantee the construction loan

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summAry for tHe investor

• Start receiving cash-flow (payments) on month 14 (see attachment)

• Receive total investment back between months 24 and 28

• After receiving total investment back, investor will receive additional cash

flow portion as shown in the Cash Flow Attachment

• Between month 28 and 50, the project will generate an additional dividend

of approximately $12.4MM for the holders of “preferred stock”

• The protected revenue to the investor is of approx. 97.5% of the equity

invested in 50 months

• The projected IRR is above 22% annualized

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A rentAl Community developmentHouston, texAs

presented by: Koresour portfolio

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houston texasprojeCt:

REnTAL CoMMUnITy In HoUSTon, TExAS

projeCt style:

5 SToRy ApARTMEnT BUILDIng

length of ConstruCtion:

24–28 MonTHS

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mansfield texasprojeCt:

REnTAL CoMMUnITy In MAnSFIELD, TExAS

projeCt style:

gARDEn ApARTMEnTS (2–3 SToRy HIgH)

length of ConstruCtion:

10–12 MonTHS | pHASE 1

10–12 MonTHS | pHASE 2

ToTAL ELApSED TIME 36 MonTHS

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burleson texasprojeCt:

REnTAL CoMMUnITy In BURLESon, TExAS

projeCt style:

gARDEn ApARTMEnTS (2–3 SToRy HIgH)

length of ConstruCtion:

10–12 MonTHS | pHASE 1

10–12 MonTHS | pHASE 2

ToTAL ELApSED TIME 36 MonTHS

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This information is authorized for use only by a limited number of existing KoRes

investment clients who have been qualified and accepted as accredited investors by

KoRes, by furnishing proof of substantial income. Qualifying income for purpose of this

investment is $200,000 per year or $300,000 per year if married, over the current last

2 years, or a net worth of $1,000,000, and extensive investment experience. neither the

Securities and Exchange Commission nor any state securities commission has approved

or disapproved of the Real Estate interest in this package, or passed upon the adequacy

or accuracy of this document. Any representation to the contrary is a criminal offense.

This material does not constitute an offer or solicitation to purchase securities. An

offer can only be made by the private placement memorandum. This document is an

information summary and is authorized for use only by accredited investors who are

existing KoRes clients and have been accepted as qualified and accredited investors by

KoRes by virtue of their experience and financial circumstance.

notes

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KoResRELATIONSHIPS FOR LIFE

KoRes Corp. | 2893 Executive park Drive, Suite 304 | Weston, FL 33331

tel (954) 888-9946 | fax (954) 734-7272

[email protected] | www.korescorp.com

facebook.com/korescorp | twitter.com/korescorp

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