Joint Venture Proposal Summary
Contract
Submitted By
ABC Rehabbers
John DoeEquity Street
Henry Adams
Proposal Type
Original Submission
Counter # 1
Submission Date
Apr 4, 2014
Apr 5, 2014
Proposal Expiration Date
Apr 7, 2014
Apr 8, 2014
Closing Date / Due Diligence Period
Apr 7, 2014
15 Days
Apr 7, 2014
15 Days
Equity Street’s Capital
$546,000.00
$546,000.00
Equity Street’s Profit Split
$130,000.00
60%
$130,000.00
60%
Capital Provided By Equity Street
$130,000.00
60%
$130,000.00
60%
Closing Costs Provided By Equity Street
$130,000.00
60%
$130,000.00
60%
Repayment Term
180 Days
180 Days
Client’s Capital
$37,000.00
$37,000.00
Client’s Profit Split
$130,000.00
60%
$130,000.00
60%
Capital Provided By Client
$0.00
80%
$130,000.00
60%
Closing Costs Provided By Client
$130,000.00
60%
$130,000.00
60%
Property
Purchase Price
$130,000.00
$130,000.00
Resale Price
$130,000.00
$130,000.00
Renovation Costs
$130,000.00
$130,000.00
Renovation Term
180 Days
180 Days
-
Offer Received
ABC Rehabbers
John DoeCounter # 2Apr 6, 2014Apr 9, 2014Apr 9, 2014 15 Days -
$546,000.00
$130,000.00 80%$130,000.00 80%$130,000.00 80%180 Days -
$37,000.00
$130,000.00 80%$130,000.00 80%$130,000.00 80% -
$150,000$150,000$150,00080 Days