One of the real estate development projects Tribal CD is handling now is the 2,900-acre development in Florida’s middle to northern east coast. We are evaluating and submitting a pre-approved financing offer on this project, which is projected to produce over $1.1B net with $1.918B in land acquisitions and build costs. Every week, we get offers for $2.2B in value-add commercial real estate across the US.
Tribal CD will attempt to find the most profitable of these transactions and hopes to close as many as possible by leveraging rapid private money for these transactions. This means that any transaction we close will only require us to put down 10-25% equity. We will be concentrating on value-add commercial real estate.