Developer of New Multi-Family Seeks Equity Partners
by Anthony Mazzucca
We have been developing apartments for over 40 years in New Jersey and New York. We are now starting our first development in Florida. Our team includes the biggest apartment contractor in Florida, the biggest multi family architect in Florida, one of the world's top civil engineers, and a developer with over 40 years of construction and development experience.
Our first project is a 336 unit apartment project in the Orlando area. The market has shopping, mass transit, schools and jobs in close proximity and is fully entitled. We plan to start construction in April, build out the project in 18 months, reach stabilized occupancy in 24-30 months, and sell the project at an appropriate time. We are seeking to raise $13,000,000 with an IRR of 21% and a return before debt of 13%. A complete package is available to interested parties signing a CA.
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