Business
CAVU Resources' Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates
CAVU Resources' Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates.
About this update from Cavu Resources Inc.
[{"type":"text","content":"\n\n\n\nCAVU Resources' Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCAVU Resources' Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates\nPR Newswire\nCHARLOTTE, N.C., Nov. 13, 2020\n\n\n\nCHARLOTTE, N.C., Nov. 13, 2020 /PRNewswire/ -- CAVU Resources, Inc. (OTC: CAVR), today announced that its wholly owned subsidiary Sinacori Builders closed, last week, on its previously announced contract with Toll Brothers (NYSE: TOL) for $5,588,000. Revenue is currently up 475% quarter-over-quarter, which shatters both the company's previous quarterly and annual revenue records with 8 weeks still remaining in Q4 FY20.\n\"Faced with the many challenges 2020 has thrown at us, I could not be prouder of our team for completing this Toll Brothers project,\" stated Sinacori Builders President, Russell Sinacori. \"In addition, this closing marks a historic milestone for CAVU Resources, as it represents the largest revenue-producing transaction the company has ever produced. Momentum is on our side and with some other exciting things in store, Q4 FY20 will be a game changer.\"\nSinacori Builders Update\nIn Q4 FY20, Sinacori Builders listed 6 custom properties in desirable South Charlotte NC: 5 townhomes (MLS #3628803) for $600,000.00 each and 1 single-family home for $850,000.00 (MLS #3591404). All are expected to close no later than the first quarter of 2021, which will add an additional $3,850,000.00 in gross revenue. Sinacori Builders has also sold the 2 remaining custom townhomes ($463,000.00 and $550,000.00) in its Rea Court subdivision, totaling $1,013,000.00. Both transactions are scheduled to close in Q4 FY20. In September 2020, Sinacori Builders acquired a new development opportunity, 16 lots in South Charlotte, for $2,200,000.00. Sinacori Builders is developing these lots for JP Orleans for $3,896,000.00 with a deposit of $2,645,008.00 d...