$350,000, plus interest on Capital with 3 yr return.
Small residential construction company in business for 16 years with a focus on new home construction and home renovations including additions and full home remodels. Please visit our website for a quick snapshot of the company, JELBUILD.COM.
I have a strong team of employees (3) that have been with me for 5+ years and a core group of dedicated and very skilled sub-contractors in all trades that work closely with me and help create a great working environment and superior quality products.
The project in which I am asking for funding is to be built on a 23 acre parcel used as an agriculture field. Located in Granby, CT. just minutes from Bradley International Airport and 30 minutes to Springfield, MA. and Hartford, CT. the location is ideal for all ages and has a number of family friendly attractions as well as outdoor activities. The parcel is directly across the street from Salmon Brook Park (LINK:
Salmon Brook Park Map 2015 - Color (granbyrec.com) ), a large recreational park with many different facilities.
I have conducted Phase 1 and Phase 2 environmental testing in order to get the full scope of any pesticide remediation needed. All levels of pesticides has been found to be below CT DEEP regulated levels and do not need to be remediated, all soils are adequate for residential use . The subdivision plan was approved on Tuesday, June 8th unanimously by the Granby Planning and Zoning commission, currently I am in the 90 -day DEEP Gerneral Permit hold and will be able to start infrastructure by the end of July.
I am providing 6 home models for the development ranging between 2400 - 2800 sq. ft. with 3-4 bedrooms and 2.5 baths. Each home will be equipped with geothermal and options for solar panels. I have 2 of the concept plans ready with the remaining plans in production and ready for marketing within a couple weeks. The target sales price for each home is $599K - $649K . Presales of the houses will be marketed and construction of individual homes to start by the end of 2021 and early 2022.
Approved subdivision plan, current house plans, and additional information can be provided upon request, please do not hesitate to reach out.