We are a residential Real Estate Developer seeking $350k for 20% return within 18 months.
My name is Joel, I am the co-founder and CEO of a startup real estate development company called Sysoma Partners. Sysoma means "systems of life." I bring over fifteen years of experience leading research, strategy, and design for commercial real estate projects around the world and across sectors. I am a strategic advisor to the largest Real Estate Investment Trust (REIT) in North America and have founded two residential construction companies. My decades of experience in construction, along with 15 years in architecture uniquely position me as a developer with a full-stack skill set in design, construction, and business.
We are raising $350k to acquire land in the beautiful town of La Conner, Washington. Our construction funding of $1.1M is already lined up. We will build 4 townhomes, each will sell for ~$700k. This beautiful 14000 square foot property with farmland views will be home to four townhomes, a shared community garden, and landscaping designed to support pollinators and wildlife. This project will be driven by clean modern design with natural eco-friendly materials.
La Conner is a historical town in the Skagit Valley – Washington state’s agricultural capital. Home to artists, writers, and those seeking a quiter life, La Conner has been a destination town for decades. The housing market in La Conner is somewhat competitive, with an average house price of $775K, up 13.1% from 2023, reflecting strong buyer interest. Our agent has provided comps for us to determine the market value of our townhomes at time of sale.
We are currently in escrow on this property; one of our investors backed out as he could not use his 1031 funds, so we are now looking for another cash investor. This unfortunately means we're on a bit of an accelerated timeline. Learn more about us and this project on our introduction deck
here.
Please don't hesitate to reach out with any questions you may have.