BIGGEST RISK with Nick Khamsopa

J Darrin Gross

I'd like to ask you, Nick Khamsopa, what is the BIGGEST RISK?

Nick Khamsopa

Yes, based on this is the seed capital, because the seed capital that we need to pay from applying the property from 3 million or 30,000 per unit, we need to spend that two and a half to $3 million to entitle it. When it's fully entitled, we gain parking six to $8 million per location equity. So we went from 30,000 to 120,000 per unit. When these times 100 unit with over 12 million, so the biggest risk is to explain it to an accredited investor, saying that we need help procuring the capital to tie or secure this land, so we can engage in pre-development and underwriting the grant right away, because it takes six to nine months for that grant, and the capital come in from the bank to for the construction bank to close on the loan,

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