Val Verde Terrace is a new construction project located three minutes from the prime Galleria in Houston, TX. The project consists of six units of 2,000 SF each. The units are 3 bedrooms, 3.5 bathrooms, 3 stories with an open deck on the 4th floor.

The model is completed, and the other 2 units will be completed within the next 60 days.

The units are currently on the market for sale through a realtor.

The plan is to sell the 3 existing units and satisfy the current bank lien.

Equity raised will be used to construct and sell the other 3 units.

Underground and foundations are already poured for the other 3 units.

The forecasted returns are 13%-15% and we expect to complete and sell the other 3 units within the next 12-18 months.