CONDITIONSBasic Terms and conditions that Global Investment and Development LLC will consider in an LOI subject toaffordab...
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8071 Sepulveda Blvd. and 8040 Langdon Avenue, Van Nuys, CA - Conditions

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8071 Sepulveda Blvd. and 8040 Langdon Avenue, Van Nuys, CA - Conditions

  1. 1. CONDITIONSBasic Terms and conditions that Global Investment and Development LLC will consider in an LOI subject toaffordable housing:• Due Diligence: 30 days• Entitlement to be done 5 months after due diligence• Your ”Base Price” must be based on 110 units regardless of how many units that are to be approved or to be built later on.• Maximum (escrow) time to be given to Developer / Buyer is 18 months with no extension.• Release of Deposits by Developer/Buyer: Non-refundable and applicable to Purchase Price 1st release: $50K upon approval of entitlement 2nd release: $50K upon submittal to TCAC 3rd release: $250K upon approval by TCAC•COE: 3 months after TCAC approval. A Land Development Company 3470 Wilshire Blvd., Suite 1020, Los Angeles, CA 90010 I Tel: 213-365-005 Fax: 213-365-0405 I www.gidllco.com

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