Working with local developers, the Company will oversee the design, development, and construction of residential housing projects in the Los Angeles area on behalf of its foreign clients who will be investing into the real estate projects. Padme plans to work with developers to construct single-family luxury homes in areas surrounding Los Angeles that are popular with upper-incomefamilies such as Mira Vista. The total time of construction will be approximately 12 months and finished homes will have a value of $2 million - $5 million. In exchange for its project management services, Padme, LLC will collect a pre-arranged percentage of the final sale price of each property. After Padme, LLC has participated in several successful single-family home development projects, the Company will expand the scope of its operations to include multifamily residential development.
Once homes are constructed, Padme, LLC will serve as the properties’ listing real estate agent, working to market properties to buyers in the area, or those planning to relocate to Southern California. For single-familyhomes, the Company anticipates paying construction costs equal to approximately 8-10% of the home’s final sale price.
Following the sale/leasing of properties, Padme, LLC will serve as the property manager for these businesses, providing services such as upkeep, maintenance, and repair in exchange for a monthly fee paid by residents.