Joint Venture Opportunity: Townhome Development in Boise, Idaho

This listing is a joint venture funding request for a real estate development project in Boise, Idaho. The developer plans to build townhomes on three sites located in downtown Boise, addressing a significant local housing shortage driven by population growth. Zoning and architectural drawings are complete, and the project is poised for commencement upon securing the necessary financing. The development includes building 12 townhomes on two sites and 6 townhomes on a third site, with an anticipated sale price of $450,000 per unit. The total capital sought for this venture is $650,000. Investors will receive a 50% equity stake in a newly formed LLC, be listed on the land deed, and are offered an 8% preferred rate of return on their investment, with initial capital recovery prioritized from sales proceeds. Remaining profits will be split 50/50 between the investor and the developer. This opportunity is open to accredited investors.