Convert idle land into a truck parking facility generating $84,000 monthly revenue. Finance with $4 million to $12 million, keeping debt service around $33,000 monthly with a 2.0+ coverage ratio. Investors get 7% preferred return, and the deal targets $300 million valuation by January 2027.
Did you see what the deal was today? We're going to make $84,000 a month. Yeah. And people are like, well, how are you going to know that you're going to get truck parking? You see the sign out there that says truck parking, right? Like every dude with a, you know, with a CDL is going to become my best friend. I don't know. I get over there. Yeah, you can. So option B was to carry the $4 million up and the $8 million carried. And then it shows that our monthly payment went to $33,000. Right. It would total, total out to be about 33, 33, 33, 33, 33. So that shows again, our DSCR is over 2 point something points. I love that. It says your exact no wet, no wet, dry. Like this thing is ridiculous. Anyway, option C, $12 million, 4 and 8, and then the 7% preferred return with the K-1 style economics gives this opportunity. Plus we wanted to tie in a 10% early redemption premium. Meaning that if they have all their stuff together, they've been— they told me that they were so close to entitlement, all they needed to do was close on the property and entitlements would have been done. So if that be the case, give me all the documents and let us go ahead and put that back on the table and go right in and get it done right now. If we get it done right now, I can turn around in 2027, January 2027, and start pitching this as a $300 million project for investors to get into. Because once we sell everything out, which we're about to go in and disclose here in a minute, like, I think I think down there right now, luxury apartments are going for $47 a square foot.
