Salvare Capital is investing in horizontal development due to the current deficit of 3.2 million homes that exists in the United States. 96 residential lots for new families looking for their first home.
Tierra del Norte
General information
- Lotes: 96.
- Projected Equity Multiple: 1.57x
- Prefer Rate: 8%
- Split: 70/30
Project development
Advantages
Fast increase
Even with real estate realignment in some large cities, residential home values increased 1.6% nationally, compared to a 9.9% growth in El Paso.
Economic stats from El Paso
A GDP of $43.3 Billion (2022), $128 Billion is generated in Imports and Exports, $259K is the average value of houses and $1,400 is the average income.
Reduction on property taxes
El Paso offers property tax reduction incentives of up to 40%. Texas made the largest property tax assessment reduction in history for primary homes.
Life quality
El Paso is the 7th safest city in the United States, it has 263 public schools, the UTEP university and the largest military hospital in the United States (William Beaumont Army Medical Center) are located here.
Description of the land
- 17 Acres of land converted to 96 residential lots to build a single-family home. The average home size is 1,500 SqFt and the average price is $255,000.00.
Location
- It is in the fastest growing area in northeast El Paso, on the I-54 freeway. The neighboring Development has 609 residential lots completely sold. “Idea” elementary school less than half a mile from the land. The widening of Highway 375 Borderline Expressway will take place one and a half miles away. It is on the I-54 highway. The Development next door was a huge success, selling over 200 homes last year. An “Idea” elementary school is being built less than half a mile from the land. Southwest Land, El Paso's second largest developer, is developing one of the city's largest projects next to the 17-acre site.
Our Team
Experience
Our development team has more than 18 years of experience developing new projects for the city, the state and private initiatives.
Business Alliance
Real Estate Professionals with more than 20 years of experience in the local market. License with the largest broker in the United States: Keller Williams.
