"FAI - Riverdale II, LLC." was formed for the purpose
of obtaining an option on certain real property in Riverdale, Fresno
Count, California, located 36 minutes from Downtown Fresno; and
subsequent development of the property into paper lots for sale to a
builder.
Equity partners of "FAI - Riverdale II, LLC" will own
35% of the property in conjunction with Jonathan Land Development et
al.; (The Developer) which will own 65% of the project. The company was
formed to develop land only. Investors have an equity stake in this
project in the form of a capital account based on the amount of your
investment as a percentage of 35% of the total return.
Total investment is $1,607,000. The 40 acres yield at
least 180 lots with a sale price of $35,000 each at Tentative map to a
builder with whom discussion have begun. This produces a profit of
$697,550 for the investors, a 46,27% return. In addition, there is some
recapture of our costs generated from the balance of the 150 acre Master
Plan being created which is not included in the return shown above, but
will be shared by the Investors on a pro-rata basis.
No interest is paid on your capital contribution. Net
profit shall be allocated to the Members in proportion to their
Percentage Interests.
As a Member of this Limited Liability Company, no
Member shall be personally liable for any debt, obligation, or liability
or obligation of the Company, whether that liability or obligation
arises in contract, tort, or otherwise.
Any questions should be directed to either Lee Kauftheil,
at 800-689-8323, Greg Meister, at 650-400-5599 or Ron Kohn, at
650-279-0366
