Tommy Dobczyk walks through an opportunity zone deal: raising $30 million to expand a luxury project from 64 units to 170 units across 18 stories. A similar development already completed across the street proves the bigger scope works.
Are you in the deal room?
We're going to get the $30 million because it's in an opportunity zone. We're going to put— we're going to actually go from the— I think they have it scheduled for 64 units of luxury. We're going to go to 170.
Really?
I can go up to 18 stories on that property.
Really?
They did it across the street.
Bam, bam, bam, bam.
Let's do it. That's, that's how you get excited right there. So the data center deal is a $50 million raise. Again, with the same returns, RV park, $25 million. I made it $28, so now we just made $3 million by my, by my little crooked hand move.
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