NextG Condo Finance- Repositioning Condos in Florida

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NextG-Condo Finance, LLC plans to partner with an established Florida Developer to  renovate and sell affordable 2 bedroom condos in some of south Florida’s most desirable neighborhoods.

Boca West

 

 

 

 

 

Boca West Country Club, one of the Nation’s largest private equity owned clubs, spans 1,400 acres of lush tropical landscaping with an array of magnificent residences including townhomes, patio homes, villas, garden apartments and single-family homes. In all, the communities offer footprints of 1,000 square feet to more than 7,000 square feet.

Furthermore, the Club’s 54 distinctive villages are bordered by waterways, four celebrated championship golf courses designed by Pete Dye, Jim Fazio and Arnold Palmer, as well as an outstanding tennis facility of 30 Hydro tennis courts, U.S. Open Cushion Court with four Pickleball courts and a $1.9 million Tennis Center.

The award-winning community is home to more than 6,000 residents (3,380 families).  Since 1991 Boca West Country Club facilities are owned by the membership, directed by a Board of Governors of 15 members who are elected by the general membership and operated through its outstanding, nationally renowned President and General Manager, Jay DiPietro.

In addition to great golf and tennis, members benefit from our spectacular club facilities that include a world-class European-styled spa, fitness and aquatics center along with marvelous restaurants offering everything from casual to gourmet fare.

Boca West Country Club (video)

 

The Opportunity

NextG- Condo Finance, LLC, the issuer, is offering a profit participation loan to fund the acquisition and renovation of  condominiums in South Florida.  Master Renovators Associates, LLC will renovate and sell the units  ranging in price from approximately $125,000 to $225.000 each.

The Developer will enter  into an agreement with Boca West Country Club, Inc. in accordance with Article II, Section 2.08, paragraph 3. of the Club’s Bylaws, whereby the Club shall provide certain rights and benefits to the Developer in connection with the renovation of such Unit(s) and the related sale of an equity membership upon approval of the Developer’s submission as set forth in the Agreement.

Investors will hold a percentage interest in a participation loan made by NextG Condo Finance, LLC.

 

 

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About the Contractor

The Master Builders, Inc., a licensed Florida contractor will renovate and sell the units.  Master Builders, Inc. has built in excess of 15 million sf of commercial industrial properties and over 1,000 residential units over the past 28 years.

 

Master BuildersResidential experence JB

 

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