What's New - Lone Mountain Custom Estate Home on 4.45 acres (Scottsdale, AZ)
Color Renderings:
3d Color Renderings are now available.
Pre-Construction
Billy Mutka submitted the building permit appplication
and detailed construction drawings with the
City of Scottsdale. The city has provided a 1st set of comments and the Architect, Engineers, Consultants have addressed all
of the city's requests, and the revised plans are resubmitted to the city for their review and approval.
Construction
The List of Approved Bidders for general contractors, along with
key sub-contractors, are currently providing detailed construction bids for consideration. Once the bidding process is completed,
the job will be awarded to a qualified general contractor.
Financing
All partners are sending their respective financial information for the construction loan request package. We
anticipate packaging and processing the construction loan request as soon as possible.
Capital
A land loan was provided by M&I Bank, and several investing partners
purchased limited liability membership interest in Arizona First Partners 3 LLC, the
limited liaiblity company formed solely for this Project.
Syndication
Arizona First Partners 3 LLC was formed and several investing partners
were added as members of limited liability company. More detail relating to the legal and investment aspects of this company are available
on the Partners page of this web site.
Marketing
Joanne Bradley, a licensed real estate associate broker with
Realty Executives, specializes in
exclusive golf properties and luxury homes, has prepared a comprehensive comparative market analysis (CMA) report
to substantiate the value of the project upon completion of construction:
- 2008 Comparative Market Analysis (Custom Home Upon Completion) (36 pages).
- 2008 Comparative Market Analysis (Raw Land) (18 pages).
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