Marketing Opportunity

Established in January 2000, Prelude Development builds residential properties for upper-income individuals.  Properties developed by the company feature high-end amenities and quality workmanship at a price equal to or slightly higher than the market.  Prelude Development sees possibilities for even greater sales and profitability by developing larger mixed-use properties.  To accomplish that goal, the company seeks outside capital from a combination of venture and individual investors.  Prelude has established In Limine, LLC, a private placement entity which accepts investment capital in $25,000 increments to be applied to various real estate projects at the investor’s discretion.

Management Advantage
Prelude Development’s competitive advantage lies in the experience, education, economies and efficiencies it has achieved in real estate development and construction management.  The company’s four principals specialize in real-estate law, finance, sales, acquisition, and construction management. 

Prelude Development focuses on building properties that combine residential condo with retail space, offices, or both in order to capitalize on construction efficiencies.  Quite simply, mixed-use properties cost less to build than smaller development and provide revenue streams from retail leasing, condo sales, and apartment rentals. 

Quality Commitment
The company’s most valuable assets are its real-estate experience and construction excellence.  Prelude Development selects properties carefully and works with neighborhood organizations and government departments in order to gain enthusiasm and win approval for its projects.  Its award-winning designs blend with existing structures, and its knowledge of quality amenities have resulted in properties that sell fast.

Return to Investors
Accumulation and appreciation form the thrust of the investment and revenue strategies Prelude Development employs in order to provide a valuable investment.  The Company intends to help the retail portion of its projects to take advantage of its appreciating value.  The retail space also provides revenues from triple-net leases.

Part of Prelude Development’s return to the investor, however, lies in the tax benefits its mixed-use focus provides.  Because Prelude Development uses condo sales to pay for the entire project, the Company and investors can retain debt-free ownership of the retail space.  Investors reap key tax benefits from that ownership.  Prelude Development refinances the retail space, which at times provides investors with tax-free cash for additional property acquisition and tax-deductible interest from the refinancing loan. 

Prelude Development’s investment vision, then, is to acquire as much retail property as possible at zero basis, which it can then leverage for its benefit: use of the cash and write-offs of the interest.  Investors are only taxed on the property’s appreciation gain upon sale of the property.