As a consultant, I will spearhead the development and marketing of real estate holdings to help the bank grow, but as if I own the properties

Every generation needs a revolution - an entrepreneurial revolution

Rizal Philippines
August 16, 2016

I am being invited to join the board of the RB that is being geared to grow into a billion in five years. (I foresee a much shorter time)

I have been given papers of two real estate holdings of the lady CEO who bought them at a bargain:

1. One is a one hundred thousand square meters with 1,000 individual titles which she bought from SPAV for only P12,800,000 (it should cost about 4 times as much)  Very easily as raw land, it can be sold retail for P200,000,000

2. The other is a 24 hectare property along the highway (with commercial potential) in a fast developing CL, Region 3 town at only P50,000,000.  It too has individual titles soon because it has development plan.  A Villar company which is located in the interior (developed) sells for P3,500 to P5,000 per sm.  It is fronting an international school and a resort.  It could be easily worth half billion pesos market value.

    In the meantime, the property can be made the paid up capital, 50% for the lady CEO as capital for the holding company.

The strip along the highway can be set aside for commercial property/rental and lease.

Action Plan:

1.  The site development plan will be given next week and we will have site inspection.

2.  The engineer will get the development plans and engineering drawings if not he will prepare a new one based on site development plan and IRR of PD 957 or BP 220;  He will prepare a BOM, specifications for bidding. for outside contractor or to save money by administration

3.  The marketing group will submit a proposal how to sell prior to development. The lady CEO will meet the marketing group who will need a budget

4. ROW and LTS will be obtained where it is needed.

Instructions/guidelines

1. Prof Jorge will be the consultant/PM but will manage it as if he was the owner;

2.  He will make sure that it will make the bank grow:

      1. DP and cash flow will be deposited with the bank

      2.  The 70% balance will be mortgaged with the bank

      3, In SMC branches may be put up

What is the proposal of the prof for compensation?