- Greenbriar Capital (OTCPK:GEBRF) has engaged Paul Morris Forward Living to sell to institutional real estate investors its fully entitled 995 home Sage Ranch entry level subdivision in California for net $139M (C$181M) or $3.71 (C$4.82) per share fully diluted.
- The construction oversight and permitting will be managed and executed by Greenbriar and its General Contractor.
- The valuation of $139M is a conservative discounted price from the calculated $173.9M net profit given to Greenbriar by Altus Group, who completed a conservative financial feasibility study on Sage Ranch.
- Additionally, homebuyers for Sage Ranch can qualify for US federal government USDA home loans, that even under present interest rate conditions, interest rates are subsidized down to 1.9% over 38 years, with zero down payment.
- Presently, Greenbriar remains in discussions with Phantom Developments Limited for an increased bid price and both parties are looking at various financial strategies.