Castillo ConstructionWe are looking to partner with like minded investors who would like to invest in the Real Estate Market of the Dominican Republic by taking advantage of new government incentives for new developments.  We are raising equity to develop the following project: Vila Andrea Residence II. Below you will see the financial analysis, project description, drawings and methodology.  This project has been approved by one the most prestigious fiduciary in the Dominican Republic,  Fiduciaria la Nacional. Also, the City hall of Santo Domingo Este have approved the land use.

Project Summary

Centric, located across the street of the Dominican Community college, secured neighborhood and access to the main avenue of the City are just the few highlights of the  Vila Andrea Residence. This is an affordable housing project which counts with elegant building finishes which will make the tenants feel proud of where they live. In addition, this place is the perfect project for the family due to its secured and safe neighborhood.

Vila Andrea Residence – Project Detail

• Location: Caña Linda, Provincia Santo Domingo, Municio Santo Domingo Este
• Development type: Ground up, new development  for sale
• Site dimension: 325 m2
• Total building Area: 592 m2
• Surface parking: 9 spaces
• General Contractor: Castillo Construction
• Groundbreaking: January 2017
• Completion (planned): February 2018
• Current project phase: pre-development 
• Project approved by Fiduciaria La Nacional
• Land use approved by City Hall

Financial Feasibility  Summary

• Internal Rate of Return: 65%
• Net return on equity: 38%
• Required equity: $USD 41,098
• Project lifetime: 17 months

Capital Stack break down

• Construction loan: 48%
• Pre-sales deposits: 21%
• Deferred fees and costs: 18%
• Investment capital: 13%

Project Characteristics

• Granite countertops
• Doors and beautiful wood
• kitchen Closets in aluminum and mirrorsSliding
• aluminum windows and glass Flats in porcenalato
• Imported ceramic
• tile bathrooms and kitchens
• Plaster ceilings and cornices
• Pre -installation of air Split
• Exclusive area on the roof for 4th levels

Site and Floor Plan