Schmidt Ranch

I am breaking up 1140 acres into 20 acre parcels near Lk Chelan and the Columbia River. I can do this by way of what is called government lot survey. This is a grid system created by Thomas Jefferson and was used to split up the entire nation into Sections, Township and Range. The legal descriptions created are recognized and totally insured by all title insurance companies. I need funding to build my access roads, extend power, survey, etc. I do my own sales and marketing for all my projects, I also do my best to get real-estate agents to help my sales efforts. 20 acre exempt subdivisions are allowed in most counties in Washington state. 20 acre exempt means no entitlement or platting requirements. Currently I have two sales with the  buyers wanting to close as soon as possible. I just need funding. I sell my parcels with owner financing. I have buyers for all notes /contracts I create. The notes I sell and the down payments I receive will be how I repay loan amount. I need a total loan amount of $1,600,000. This is for the land acquisition and the infrastructure and marketing costs. There may be a possibility to do this in two phases. I might be able to get sellers to accept partial payment and release part 1140 acres at closing with balance due within a year of closing. I have a BPO indicating average price in this area is $95,000 for a 20 acre parcel. If I only average a $80,000 per parcel sale, there will be in excess of $4.5M in total sales. If I chose to sell all notes created, and after all sales costs, I would have $1,870,000 in profit. A 40 percent profit margin. (excluding costs of money.) I have a very long history of doing these types of 20 acre exempt subdivisions. Please Google Silver Spur in Okanogan county, Washington. This is a finished project created and sold under the same circumstances described above. You will read the are resales of 20 acre parcels starting at $125,000 and going up to $185,000. The Lake Chelan area is the greater Seattle's area Lake Tahoe.This is the primary reason I invest in land in this area.