Kula Makai Development Project
Location: Koloa, Kauai, Hawaii
Investor Relations: Alfred Paclib & Koliah Sebring-Ramirez
Aloha & Welcome
Presenting a great investment opportunity in Kauai: a luxury 5-bedroom, 5.5-bath estate spanning 6,786 sqft, with a projected resale value of $15M. The project features a $2.85M lot purchase and $7.6M build cost, targeting a 24-month hold and an average annual return of 18.4%. Investors can participate with a minimum $50,000 investment. The $2.7M equity raise offers a 6% preferred return (accrued) and a profit split of 60/40 up to a 12% IRR, then 70/30 thereafter. Funds will be used for $1.1M in land acquisition and $1.6M in construction.
The following outlines the project details, financials, and investment structure.
Investment Highlights:
Purchase Price: $2.85 million
Construction Costs: $7.6 million
Projected Resale Price: $15 million
Development Opportunity
Situated in a desirable area known for breathtaking views and access to high-end amenities.
Robust market demand for luxury properties amplifies the investment potential.
Property Details & Timeline:
- Total Area: 7,307 sqft
- Unit Composition: 5 bedrooms and 5.5 baths
- Escrow: 2 months with a $50,000 initial deposit.
- Subsequent capital raise planned for construction.
Investment Breakdown:
- Purchase Price (Lot): $2.85 million
- Build Cost: $7.6 million
- Equity Raise Required: $3 million (minimum investment of $50,000).
- Profit Structure: - 60/40 profit split (General Partners/Limited Partners) with a 6% preferred return.
Investment Phases:
- Initial fundraising of $1.1 million required to finalize the acquisition.
- Additional $750,000 for civil groundwork and phased construction draws.
Projected Investor Returns
Return Scenario:
Sample Investment: $100,000 - Projected Total Return: $136,784 over a 24-month holding period. Annualized Return: 18.4% with an equity multiple of 1.37x.
Kula Makai Project Team
Alfred Paclib, Investor Relations
Alfred Paclib is a prominent figure in Hawaii’s real estate industry, known for his passion for development and investment. As the driving force behind Pacific Equity Buyers LLC, he has led the company through significant growth and established it as a leading real estate investment firm in Hawaii. Over the past four years, Alfred has successfully completed numerous residential and commercial projects, earning a strong reputation for delivering complex developments on time and within budget.
Koliah Sebring-Ramirez, Investor Relations
Koliah Sebring-Ramirez is a real estate pioneer who has led Hawaii Local Developers LLC to become a leading company specializing in single-family new construction projects. Through his strategic vision and hands-on management, Koliah has established a strong market presence for the firm. Over the past three years, he has overseen the successful completion of multiple high-value projects, earning a reputation for exceptional quality and client satisfaction.
Duc Ong, Director Of Investor Relations
Duc is a multifamily investor active on both the GP and LP sides since 2019, and currently serves as Director of Investor Relations and CFO for Tri-city Equity Group. He has helped lead the team through seven full-cycle exits, achieving an average annual return of 35% and an average IRR of 33%, with five of these deals being syndications and an average hold period of 2.2 years. Tri-city Equity Group now manages a portfolio of seven assets valued at over $60 million. Additionally, Duc is a Principal Broker with Blueprint Real Estate Advisors on Oahu, with career sales exceeding $47 million.
AJ Silva, Deal Sourcing / Site Manager
AJ Silva, a native of Oahu and Kamehameha Schools graduate, has extensive experience in property management and remodeling, having helped his family manage and sell rental properties for over 15 years. With a background in Fire Science and a strong network of architects, contractors, and real estate agents specializing in custom homes on Kauai, AJ has created valuable opportunities within the industry. Currently, he is involved in multiple developments across Kauai, overseeing client negotiations and sales meetings for Nakazawa Construction. AJ serves as a key link between developers and contractors, ensuring the success of each custom home project.
Igor Merk, Project Oversight
Igor Merk is a highly respected craftsman and co-founder of Merk Allstars LLC, renowned for his meticulous attention to custom detail and innovative building solutions. With over two decades of experience in the construction industry, Igor has built a reputation for transforming client visions into reality, creating spaces that are both functional and uniquely personalized. His unwavering commitment to detail is at the heart of every project, ensuring that each outcome reflects the client’s personality and needs. This dedication has positioned Merk Allstars LLC as a leader in the construction sector, with every project serving as a testament to Igor’s precision and pursuit of excellence.
Sean Warnet, Island Contractors & Co-Sponsor
Sean Warnet is the President and Owner of Island Contractors LLC, a leading construction company based in Kapolei, Oahu, known for its exceptional kitchen and bathroom remodels. Since 2015, Sean has built a reputation for outstanding craftsmanship and meticulous attention to detail. In addition to his role at Island Contractors, Sean is a managing partner and owner of Hawaii Local Contractors LLC in Hilo, specializing in the development of entry-level homes for local residents. He also brings extensive experience in house flipping on Oahu and has participated as a limited partner in multiple multifamily capital investment deals in Texas and Arizona.
Hannah Sirois, Compass Realtors
Hannah Sirois is a leading figure in Hawai‘i real estate, specializing in luxury home and estate sales and development. Raised across O‘ahu, Maui, and the Big Island, Hannah’s deep roots in island culture shape her approach as the heart of Sirois Kaua‘i. With 36 years of experience, she is a top REALTOR® Broker and has earned honors such as being ranked in the Top 1% of Realtors in Hawai‘i, induction into the Realtor Hall of Fame, and 2019 Broker of the Year. Hannah is also a former President of the Kaua‘i Board of Realtors and serves on the Board of Hawai‘i Information Service, reflecting her commitment to collaboration and community.
Legal Framework:
Seller Financing Opportunity:
Securing $1.85 million at 9% APR for acquisition assistance.
Documentation Assurance:
Comprehensive promissory notes and mortgage deeds will protect investments and detail financial obligations.
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