REVENUE PARTICIPATION OPPORTUNITY
REVENUE PARTICIPATION OPPORTUNITY
Embedded Files
Monterey at Lakewood Ranch
A Single Family Subdivision in Sarasota County, Florida
Monterey is a premier Toll Brothers community in Lakewood Ranch, Florida. Homes are actively selling, with over 80 sales to date. The last sale is anticipated to occur in Oct 2032.
Lakepark Estates, LLC holds an interest entitling it to 2.5% of each home’s total sales price, including base price, homesite premium, and any upgrade.
Since the start of sales, Lakepark Estates, LLC has received more than $1 million of income and is entitled to a future projected revenue steam of approximately $27.5m over the life of the development.
Lakepark Estates, LLC, is seeking offers to acquire the remaining balance of the DPP.
Lakepark Estates, LLC has encumbered 1,000 acres within the Monterey at Lakewood Ranch development through a recorded Memorandum of Purchase Contract in the Sarasota County official records. This acreage includes 575 homesites included in this opportunity.
Upon execution of an Agreement of Sale with a home buyer, prior to closing with the home buyer, Toll Brothers must obtain a Partial Termination of Memorandum of Purchase Contract, signed by Lakepark Estates, LLC. This document releases the specific homesite from the recorded encumbrance while leaving the remaining encumbrance intact.
2.5% of the total purchase price of each home is paid at each home buyer’s closing to Lakepark Estates, LLC. This payment fulfills a portion of the Deferred Purchase Price obligation and continues until all 575 homes are sold.
For more information please contact us:
Patrick B Kelly | Affinity China Real Estate
Partner
+1 (312) 401-4880 US Cell and WhatsApp
+86 13801972965 China Mobile
Please Scan QR Code for WeChat
Page updated
Google Sites
Report abuse