Matobu Jerusalem - Full Zoom Presentation

come on yeah not gonna come on till they say we'd like to hear okay we're ready when you are s okay oh yeah very good yeah uh so uh we turn it over the mic we we we welcome uh one of the great leaders of our community someone who's involved with everything he's a brother to me he's a brother to all of us we'd like to introduce Harry ay to say a couple of words thank you open the program thank you thank you Sammy thank you Jack um first want to tell everybody that is uh that zoomed in and is listening to us today that Jack swer and Sammy sacka the co-chairs of the mobu program have put their heart and soul I know both of them need and want no recognition but I want everybody to know throughout the community not just who's zoomed in today that these two men have taken this project front and center to make sure that every single aspect of this goes well and smooth for us so that whoever intends on buying an apartment or two apartments like I am uh they should know attorneys accountants the proper people regarding the timeline and the setting up of the payments the deposits um how the structure will work is being overseen by these two men of good good intention and good reputation so everything should go well I have my own tiny drawback about it and Jack and Sammy have been told that the timeline when you hear about it might be for a go-getter like me and a man of action might be a Ted longer than I would have hoped because I would like to see this unfold and happen quicker than the timeline so AR me had one little setback it's the amount of time that they're telling us with comfort that we'll be able to decorate and move in have our home in Israel enjoy it you your children your parents the holidays all the time who knows what's going to happen after Trump in America we don't know but this will probably be one of the best investments we can make they've done everything on the financial side with the people that are building the project they're going to walk through the details with you about the synagogue the rabbis our Adam saah customs and everything that we would expect well Sammy and Jack are gonna buy homes there too pen houses but so be it it'll be the most exciting thing to see so many familiar names of families from Brooklyn and deal in the city that are going to partake in this it just it's going to be fun it's you know just buying an apartment in New Isel okay somebody bought an apartment you're lost but buying something with the Syrian Community the way Turnberry started out the way my wife is in love with pita because she turns around three of my sisters are there here we're gonna have 60 70 80 families to look after each other so I think it's going to be nothing short of incredible so um that's how I feel about it uh we reviewed all the pricing it looks extremely fair for the market we're in uh it's going to be built uh our quality kitchens and bathrooms nothing less than what you expect in your homes we have decorators on cols not now but when it comes time to have them get the keys and come and help us to decorate our Apartments uh two bedroom three bedroom I I need something bigger Sammy needs something bigger hasem so that's pretty much the way that we see this unfolding uh I know people may have questions as they should about this project um but it has my endorsement it has my approval it has my love to our community that these men I've seen the land I've been there it's not something you know that I haven't seen and been to I pride myself in doing those things because again when we go to yeshivas and K and Israel you know you should know the person you should know where they are the amount of people that are involved and I'm not veering off because this is no different this is a place we're going to put our money bring our families and live and Israel there's there's nothing I need more to say about it than every single family in our community that could afford it at some point and these men are delivering the point should have an apartment in Israel nothing more nothing less we shouldn't have a home there it's just a beautiful Kusa it gets us I don't know the holidays and weddings and bom Mitzvah and family events and just going out with your um the proximity is wonderful what they're doing in the neighborhood the infrastructure that's being built while we're in our first stage we're in stage one right uh is unbelievable around us so I think this is a good thing and I think the time invested I don't know Sam you and Jack have 150 hours meetings multiple meetings with the builders and The Architects and everybody and the sizes and we're going to negotiate every dollar per square foot that we're going to have our people and it has my endorsement thank you Harry thank you so much for your kind words we're gonna go to Jack to give us some details and then I will close after Jack and then we'll have questions thank you Sammy thank you Harry you know Harry when you were saying over there you and your family and uh your daughters and everything I heard one of my father's favorite parot when day you know you go on the holidays he always buys we're supposed to come all together to Jerusalem and I heard you saying that and everything you do is to so I am humbled to even be on a zoom with you and to have you on the team and um I hope that this project really finds favor in many of the people on this zoom's uh eyes let me just share my screen okay so I would like to start by thanking everybody uh to took that took their time out to uh come and tune in to matu I recognize there are many ve very important people on the zoom people that come from very strong and beautiful families masters of the good name um people that build community institutions and that learned from the generation prior how to do that and um before I even start this I want to thank each one of you and tell you that matu is really a project that you guys all invested in whether you're going to buy an apartment in here or not um I want to tell you that myu my life's mission is a product of this community because I am a product of this community uh when my father from beut and my mother from Venezuela um came to this community to build a family this community embraced them with love like they do for everybody else and the values that you know we all Shar from Syria or Lebanon whichever country we came from it transcended borders you know we imagine that we left you know these countries came to United States cultivated a beautiful community and then absorbed people that went to even different countries came here took their kid to their to your schools that you know we all built together and the institutions that we protect each other with and here we are matu Jerusalem product of Val community so I start with the vision of what mat too's about you know our community as I said is incredible um every one of us know what you know what that feeling is about uh you know that you have everybody has your back and so like you know we have everything we need and contines getting stronger and we cultivate each other and we love each other um but then when we go to Jerusalem we have this feeling also like wow look at the story the story that we've been told all of our Lives is coming to life and everybody has this feeling of belonging um and you think what if but nobody would ever you know contemplate leaving just the very few very very few because the reality is we have something incredible and nobody ever wants to leave it we want to make sure we're together so Samy Saka and I along with Harry's leadership and many others were able somehow Hashem brought it to us to be able to fuse those two things the community that we love and Jerusalem we have a hub in Brooklyn we have one in deal and it's incredible we see what's happening in deal with the DSN and everything that's happening with it for our children our children want to stay in our they don't want to go out because we cultivated something so special aventur and now Jerusalem of course we need Jerusalem in our portfolio this project which I'm going to show you today is really fills all the needs of our community so before I go into the neighborhood I want to really highlight that what we know of Jerusalem today most of us is such a small fraction you know we go there Al mitvah we go to the hotel Zone which is we have the best time in that zone and that Z over there you know we know the mamila mall we think of it in our minds we go to Ben Yuda you go to King David Street you know Jerusalem there not many people venture out of the mud area that's probably what you know so but then all the other amazing neighborhoods not many know this project over here is going to be give us the ability to really take over this neighborhood called katamon we will never be able to do that in downtown never you can find one or two buildings that you can build a nice project and really make it like a core of let's say the way the suff uh community in in Manhattan works right where they have a core in the city it's another base of ours but to really absorb the community over time at prices that can be uh you know managed by the community we have to find a community that was going through development that was ready to be developed it was exactly at the point to be developed and what's going to happen here especially with us being there is going to be incredible this over here is the bird's eye view Eagle's eye view of the community today right the the neighborhood today it's over here on the bottom right you can see they're all old buildings all this is going to be upgraded but what I really want to focus on is this beautiful Park it's called emim it's about 60 Acres 65 acres and it's protected there will never ever be built anything here it's also a you know a nature reserve so you can have deers and you can have beautiful animals here and it really allows you to connect to the to that you know the habit the way it's really meant to be and when you read the T and you read the and you read all these things of and the animals that stay inam you're going to be able to walk in this park and really have it come to life knowing that you're in the place that it was written you're in the place that it was written about and you can start transposing what the Tor is talking to you in the place and that's literally feed away this slide over here that's that I just spoke about this slide over here highight lights Kon you can see it here this is all going to be come down in the next 10 plus years this neighborhood will build 10,000 brand new units and the reason why we love katamon is not only because of the inventory that it's going to be able to give uh you know our community to flow into whenever everybody's ready but because of everything that's around it this over here shows where katamon will sit right across from katamon which is matu right here right across po a one minute walk you can be on the light rail now the light rail has going to have three lines that come here so major infrastructure it's connected to all the major infrastructure of Jerusalem you'll be able to hit any neighborhood or any part of Jerusalem within 10 to 15 minutes and why is that because obviously you can see there's major infrastructure that's all around here so this major infrastructure that's all around here will ensure that the government continues to pour money into this place year after year and continue to make it better because imagine if you're going to have the nations of the world come to Jerusalem and they're going to need a stadium to speak in it probably and most likely will be the big biggest most modern stadi in Jerusalem which is this Stadium right here it can hold I think 30 40,000 people and if you need a uh you know the nations of the world to come to Jerusalem for a business conference and uh you're going to do a Dubai style let's say and you need a stadium like will happen here there's also cultural events that happen here all the time the tennis center literally right across from our uh complex has 16 tennis courts they're all modern tennis courts it's paddle bable there's a place to hang out over here they're going to put pickle ball in here soon thus showing that you know from a from a athletic side you have all the needs you have over here you'll see in the next slide a beautiful Park that was put down over here is the Mal this mall is the biggest mall in Jerusalem already it's going to get bigger it's going to be 500,000 ft and it's going to have 260 stores so this mall is not only the biggest and best but it's going to get bigger and better over here on the right you see ha technology Mal this is the Technology Center what that means is all the power players that need offices this is a major Hub it's a power uh location for business and uh tenants include high-tech tenants technology tenants banking tenants this is the main branch for banki international uh and different kind of academics again this is the major Power Center for business in Jerusalem so if somebody is transacting in Jerusalem and I have a very big hunch that in the future many more people will be attracted to investing in Jerusalem this shows that this neighborhood over here is the center for you know a lot of power business and obviously here on the top we highlight that there the gilo forest and the Biblical Zoo where you can spend time with your family if you want to walk there it's about a 25 minute walk you get on the car it's about a five minute drive and obviously this is these forests over here take you again into the mountains of Jerusalem again going back to the reality of the Redemption Redemption unfolding in front of our eyes and you being able to engage Jerusalem on such a deep level when you read the Tor when you read the when you go with your families and it's literally few steps from where we want to establish a with foothold last two things I want to highlight here this project is called Holy Land it's a famous project in Jerusalem it's really Infamous because this is the project that eh went to jail for he took a bribe because they wanted to build this project but this project has come no has become known as a very high-end project they're actually building two new towers and right now they're selling those Towers at about 50 to 60,000 meter sh you'll understand when we talk about prices on hours why hours is such a good value and the last thing I want to highlight here is the Bon Highway this is a major artery in Israel if people are coming to Israel and they want to hit the South go to k hit Tel Aviv go to the north go wherever you want to go you're L literally a few minutes away from getting on the highway whereas if you were in the center of town the advantage is yes you're in the center of town but the disadvantage is it's very hard to get through 30 minutes of traffic and parking and honking and all that stuff when you really want to engage Jerusalem and Israel on this type of level not on I'm going to a barid for six days but like I'm really looking to invest in Israel to see how this future develops for our community and for us over here you can see katamon coming to life all of these projects that are highlighted over here have been approved by the building authority to be built so these are the projects that will be built over the next five to 10 years and you can see how again the Sprouts will will start coming up and why this neighborhood will be one of the highest neighborhoods in Jerusalem here is the zoom in to the to the neighborhood really the place of where our project will sit you can see down here is our logo all of these buildings will be coming down our logo this is our project it will sit at the opening of the neighborhood and really be like the landmark of the neighborhood right next door is a project that Africa Israel is building one of the largest developers in Israel and they're calling it so ho Africa Israel they're going to build five Towers you can see over here these five Towers will be built over here you can see in the rendering there's a park there that Park is already in the government already put the money into this park they're putting the infrastructure down as you can see there are walking trails and biking trails that go all the way to talot and and they all have along those biking and walking trails parks for the kids and like exercise Parks so all the way through you're going to see such a beautiful like Ambiance where people love to walk and be outdoors and obviously when all of these buildings are new there's going to be gorgeous retail here that it's going to be talking to all of these people cafes and coffee shops and I don't know shake shops and I don't know what else can come but really you can see that the stage has been set to build a very special thing the reason why we highlight this is because you can see it's already being built over here it's on the sixth floor it's really today on the eighth floor this picture is a little old you go to Israel today also and we encourage everybody to we can set you up on a tour on the ground but you'll see that this already they took down and they started digging and the last one bario Kai 18 which is right here the reason why we highlight this one is because it's owned by the same developers that own our project that we partnered on with and if we see a very strong reaction here this over here can also be customized to our community's needs and you can see slowly how we can really cultivate our stronghold in this neighborhood this over here is a map of Jerusalem from the building authority the circle all the highlights as I said before are all the projects that have been approved the circle demonstrates katamon this is really zooming in katamon as we could see katamon has the most activity that's because the government is spending the most money in this neighborhood and as you can see down here the reason that is because near all the major infrastructure this is our project these were the projects that I showed you above but as you can see there are so many many other projects that are approved and there's going to be many more that become approved here and that's going to show you that you're can to have brand new buildings and brand new streets and sidewalks and Retail and this whole thing is going to be brand new and incredible for our community from the investment standpoint before I go into the investment I really want to uh Express why I'm in this project I really believe that Hashem is doing something incredible and he placed Us in this generation for a reason and and when we see the Redemption unfolding and then you read the words of the tanak you can really understand that it's a calling today to do it because we can do it this the proof is here we could do it it's not something like a dream we can take possession right now and you can see that Hashem is talking to Y in this prophecy and he's consoling her because imagine after 2,000 years yush the mother can hug her kids we know now there's hostages 400 Days and we're all broken for them 2,000 years she's waiting to hug her kids so Hashem tells her to raise your eyes and look about they have all gathered to come to you your son shall be brought from afar your daughters like babes on shoulders we have all gone many of us to jerus I know I had my son's B Mitzvah there and I attended many Bar Mitzvah I remember having my kids on my shoulders I remember that we were like beautiful royalty walking through the streets with the and everybody and we couldn't believe that this was and then you see the second one over here the continuation as you behold you will glow your with throb and thrill we all felt it that's the feeling we feel when we go to the Cel the Goosebumps is the hug for the wealth of the sea shall pass on to you the riches of Nations shall flow to you we are on the other side of the sea we are the ones that hopefully will start bringing the wealth to yush we are going to really make yam our mother glow to the highest way we can because we know how to make people glow in our community our mothers our wives our woman just you know it's the most finest of people our community and we need to bring all that in all of our ways and all of our talents to and we need a power plant we need a base this could be the base and the power plan to really take what we want to the next level we tell Hashem every day in the amid that you should bring us back to with compassion this is compassion this is the compassion stage that we ask for to come to clb to a place that we know to a place that we control we're going to build it for our needs it's going to be our people we know the apartment number that we're going to and we understand that hopefully this is only the first stage of bringing so much to our community so that we have a bridge now built from our community to J So Over time however long it takes we don't know but at least we know that we're developing something there's something building we have a base we have a p and little by little Hashem will take us there just like he took us from the countries we came to now and all the wealth that we're building and all the beautiful infrastructure it's all happening nobody believes it but we keep working we're going to do the same thing here the investment makes sense on its own this graph over here shows that housing prices in Israel continue to rise and Jerusalem outpaces all of Israel and that's because Israel has a big housing crisis does not have enough housing for its population that's exploding and additionally there are many people like us that are looking to buy the insurance apartment the apartment for when I have to go to Israel everybody believes it's coming they don't know when and they're doing their thing in the galut and everybody has their thing working for them but we all are looking to know that we believe that that button could be pushed hopefully the next four years are going to be very strong years but the way the things has been swinging the last 20 years we go one way we go the other and Hashem is really showing us that we really have to rely on him start preparing this is an investment that will make you money if you want to sell it if you don't want to hold on to it the value will go up it's an asset class that you should really consider investing if you're investing anyway in in April alone Jerusalem went up 2% so it shows you that the resilience of the market there's a war going on and the pricing continues to go up it's as if Hashem is showing us that the more they punch us the stronger We are Becoming Hashem makes us stronger every time they punch us and why wouldn't we want to be part of that as a community together to do it you know with that much more of a punch they say five of you will chase a 100 100 will chase 10,000 you know 100 of us chasing 10,000 that means we have 100x punching power imagine if we have 100 people from our community buying Apartments here what energy that will create in Jerusalem over here you'll see a project in Kat that the Developers um participated in they brought a lot of money from Mexico to this project about 15 months ago and as you could see here they just uh they just did the analysis and it came out to be where if they sold it today they would make about 20% on the money annualized that you know translates into about 15% showing again that it's not only the data from the market that I'm showing you but I'm showing you actual data of what happened in the last 15 years for people in Mexico and out Syrian people in Mexico that bought and they're buying for the really the same reasons as we are to really transfer their wealth they used to put it a lot in in Manhattan but now they diversifying which is something that we really all should learn from them and consider to continue diversifying obviously with safety and with balance and with the right guidance we have all that set up and we hope that people are really going to find trust and the confidence in knowing that all right it's not such a big investment let let me see how this first stage works and hopefully from that Hashem will send us a lot more opportunities to really cultivate and transfer much of our wealth to Israel and let it hopefully continue Rising the professionals on the team the developers are uh the shamaria family they are incredible people I am lucky to have met them they are people that live in Mexico a family of the of a great name they've been introduced to us by galami two about two years ago and every step of the way they were working hand in hand with us because they felt the pain that we felt the community they have the same thing in Mexico where they stay together and when we asked them to cultivate this they like yes let's do it we own the project we were going to sell it to the Israeli Community 800 units but you know what we're at the stage right now where we can cultivate it for you and if you show us you know strong uh strong uh impact from your community where they want it but they show a strong demand we'll customize it for our for our community we'll give you uh the exclusives first and if you can't fill it but you got 200 we'll take it to Mexico and then we'll take it to Panama and we'll make it the way we have it on N Ventura so that our community can cultivate this thing and let Hashem take us wherever it takes us but at the end of the day we have now a base in Jerusalem because the builders really felt that paini is the partner on the ground they're the ones who make sure that all the permits are being filed properly making sure the timelines are set up and I'm proud say that they are really uh uh got us in a place where we're ahead of schedule I can't guarantee anything when I get to the timeline but we do see that we very well may be ahead of schedule on this and especially if it's for a holy Mission the way we're doing it who knows how Hashem makes things Ro the architect is y yasim Moran the best in Israel you'll see in the next slide why she why they are the best and the interior design is done by Susan Strauss she does many of projects in our community she was recommended by the best people of our community and what we love about Susan Strauss is not only her beautiful professional design but she has an office in Jerusalem so when it comes time for us to finalize that what finishes it's going to be a very seamless process where Susan will take our our stuff here and then she'll transfer it there and then they'll translate it because they know how to work the furniture stores and all that stuff in Israel but we'll have a seamless process and we'll know that our apartment is going to be furnished to our liking and we have a designer that really understands us like I said on the last slide you can see she's they do major projects these are only just a fraction that maybe even 1% of what they do they work not only in Israel but worldwide they do many projects in China only major projects this is their first project in Jerusalem and not only did we want to make a statement they also wanted to make a statement well the way we we we envision this is let's bring the Tel Aviv flavor or the Tel Aviv architecture to Jerusalem and they really did a great job we feel they did a great job and you can understand that once this is standing with all this all the beautiful buildings in the background this is going to be a landmark piece people are going to recognize this complex because it's in it's such a central location Jack let's close up soon okay yeah yeah I'm I'm done another one or two slides uh the amenities are uh over here this is to be looked at as infrastructure for our community as you can see over here we're putting you know everything that we've become accustomed to I would like to uh highlight the event Social Hall in the B midash which will be uh built to our community specifications and I also want to say that we are in discussions nothing is guaranteed and I can't say with who but with the community school that takes our boy for Gap year to possibly sit at the foothold of this project so that they can run it 365 days a year and when we come to this pro project it's going to be so familiar because everything is going to be run by us by our rabbis it's going to be special here are some of the concepts um that we are you know that we have that we've rendered with Susan stra as you can see most beautiful quality bedroom bathroom with the bathtub The View actual view this is the holy land and this is another project I mean another uh concept as you can see over you can choose whether standup bath or or bathtub again we're going to be able to customize many of this these uh layouts because we're in the beginning stages and I'm going to get to the last slide which is the pricing I want to highlight that the price is for the first 80 units bought after that we will stop selling and we will publish it at a higher price so the first 80 people that come in will get the best value and we hope that many of you really jump at this opportunity and here's the pricing so I do want to highlight that the average apartment sizes in Israel is about 600 feet over here you can see that our starting sizes is 1,200 feet so this project is really talking to our community's needs where the starting size is 1,200 feet it could be a two or three bedroom the reason why it says it like that is because you're going to be able to customize this to your needs so if you want less bedrooms and more living space or the opposite we can do that and you can see over here this is the Allin pricing okay this is including all the service fees the taxes everything that includes these prices over here are the Allin prices if people are interested to learn more obviously we can go through them in detail and we can share this and the junior pen houses and Pen houses will be release in the next stage of sales and the last thing we want to highlight is the payment structure so if somebody comes along and says yes I'm interested what you would do is we would uh you know speak to you send you a reservation form which in that point you would send $26,000 to escro account that Sami saac and I are controlling here that serves the purpose of us funding the first 50 so that once we do have the first 50 we establish the project it will be customized for our community's needs and then from there the payments start where you know once we get that final layout and everything I will figure in January or February we will come back to you where you'll give us 7% towards the final purchase price plus uh taxes and broker Tre then at that point you're going to have uh uh the timeline to get the permit which could take you know about 20 months hopefully it's moving faster but let's call it 20 months you'll have to bring it up to 30% and then construction starts once the construction starts every one of these stages is going to have its own Milestone we don't have them right now but you can estimate every 10 months about and you can see 10 10% will be due another 10 and then 15 15 and then at the end when you get the key 20 when you get to the 50% Mark everybody will be eligible to take a mortgage uh for the you know for the unit um and the timeline is like this we already now got the permits to be able to build the four luxury towers that you saw and right now we're in the stage of customizing the insides of the buildings and all the amenities over here it says 20 20 to 30 months it's closer to the 20 and maybe even closer maybe even less than that but let's call it 20 after we get the final permit it takes about four to five years to build so all in all about you know six years we can be in this project and really if we have a little bit of a vision you can see that in six years you know it's a blink of an eye I know it sounds like a lot to to people Harry highlighted in the beginning and that it is a lot when you're buying one I'll comment on that in a few minutes I'll comment in a few minutes on that okay so I'm GNA I'm going to skip to this last slide comps over here this is a a a project that is not too far from hours they're already at a more advanced stage and you can see over here that they're selling about 53,000 she a meter um and in the project and City Center um where you know where we're familiar with they're about 60 to 65,000 a meter I thank you I hope that everybody uh um you know jumps in and I give the floor to Sammy who has been indispensable really as a partner I thank you for everything Sammy it's on you thank you so much thank you Jack I'll only be two to three minutes and then we're going to open up the questions um I'd like to bring Clarity uh to Harry's comments who I spoke to one week ago um and we're gonna do our best Jack made his presentation but I also I'm an optimist and I I'm pushing we'd like to go hard in three months uh batem break ground a year later and to build in four years for a total of approximately five years five plus years that's what we're looking to do that's and I'm going to be on it like white on rice just like my father taught me um thank you all for your time and patience today with the presentation of matobo Jerusalem matobo is the greatest Community mission of my life and is dedicated in loving memory of my dad Mr Charlie Sak Al Shalom as Harry said earlier this is the first phase of the launch and today we have 14 commitments we need 36 more reservations very soon for the developers to see solid engagement from our community for the size apartments that we're going to have you looking at maybe three to 400 apartments that'll be that'll be available the vision of mobu is a modern residential experience for our community the area will be filled with cafes shops and Parks making it the ideal location for families mobo we steps away by the New Jerusalem Light Rail and a 15minute train ride to the Cel the project will have a mix of luxury size apartments and is being customized specifically for our community mobu will have a wealth of amenities to ensure an unparalleled level of comfort lifestyle and spirituality every day we say three times during the amid B shal what an opportunity right now to fulfill these words and be part of building Jerusalem together the Trailblazers will commit now and Inspire others to come on board will have great Z we say at every wedding please I ask you to reach out soon to Jack Sor Steve and Sandy sham Joe mansor Nathan D AJ gindy Harry adjy myself and others for more details and to make your reservations thank you and we open up the floor for questions anybody I think to make it I think to make it easier why don't people post the questions and Jack you answer them instead of everybody calling out write them on the chat that might be much more uh much easier so I see that Joseph B over here wrote are there floor plans that can be shared yes you just got to reach out to any of the names that Sammy just said and we'll share all the rest of the details with you this was just the overall concept of the of the vision anybody else have any other questions I think Steve Shon wanted to say a couple of words sure Steve before you come in I'll give you the floor I have a good question here do we have any idea what monthly fees would look like although we don't have it right now we did look at the best project in Jerusalem the best and there fees are $10,000 a year so it's not going to be a lot to of Maintenance fees in this project go ahead Steve floor is yours you got to unmute yourself press the red button on the bottom right and then once it's pressed go ahead no you still mut press un button once the once the red microphone disappears then you could talk okay leave them let's take questions any more questions there's a lot of questions on the chat boys be allowed to rent our Apartments out on shortterm or annual basis you will but it will have to be approved by the board which we don't know who the board is yet we're going to put the people in and obviously it's we're goingon to allow but it's going to be to people that you're going to take responsibility for to ensure that the Integrity Department of the of the complex is uh protected we will not allow Airbnb type of rentals will the construction fees go up while in the process um so there's something in Israel called madad which is an index that the government implemented it's it's um a need in every project and that protects you protects really the developer against inflationary cost that will be when you know I'll go through that in a different presentation if it's something you want to learn about but that's already built into the price Jack go up there's more questions scroll up okay how much do the apartment cost range high to low so there was a slide that showed it started at 1.35 million today and it goes out to about uh High twos um and that's for this stage alone after this stage those prices will go up does the apartment come with storage units or parking spaces yes you will get one storage unit and one Mar parking space per unit um so index is fixed no it's not fixed something that I have to explain to you on a zoom um but it's it it doesn't work out to more than 3% morlet on average um over the last 10 years that was the historical data but obviously we can't guarantee anything it's it's fixed from the government taxes I want to be clear Jack I want to be clear the price you said is including tax sometimes people quote a price plus tax we gave you loaded price including ta35 is loaded that's I can tell you 1. two I can tell you 1 point2 plus tax he gave you the final price roughly taxes um taxes the the big tax is going to be when you purchase the apartment which is again it's in the price that we gave you but yearly taxes again is minimal it's not a lot of money um we can get the exact stats that based on the apartment you're going to get but it's minimal it's not anything to that's going to be heavy prices also include finishes and Furniture so it does not include Furniture the finishes that are included are the tiles the the kitchens that you saw in the renders the you know the bathroom vanities um but with regards to let's say the beautiful uh light fixtures and the Beautiful Furniture that's not included we will obviously have a service where we have Furnitures packages set up with Susan stra that you can pick from all different price ranges and uh again we'll service that Jack I want to comment on that Jack I want to comment on that that I've met with um uh real estate people in our community uh who are definitely advising on this project uh including Joey sit uh Ricky chera so definitely you could trust me that we're going to make sure that the Finish is everything is done the right way because I like to ask questions I like to consult Harry said it from day one he wants it to be the right Apartments the right luxury so definitely we're going to work with the developers but you should know we're going to have a committee we're gonna have people that are that going to work with us we're not doing this by ourself I'm working with the best people because actually we want these people to be involved in the in in the in the real estate because there's a lot of retail there's so much ret detail on this I don't know there's like thousands and thousands of square feet we want a lot of people involved in this project anybody who wants to be on more involved please speak to me personally or Jack and we we'll involve you on some level but we are speaking to to to to leaders in our community everybody I thank you wait there's more questions Jack a couple of more questions yeah I see the questions GNA continue to come in so I think they should just reach out to us I'll do the last three and if after these three if anybody has any questions please reach out Jack sorry somebody somebody asked you about financing over there you skip that one I think so financing we're going to help you with the financing when it comes time you're goingon to be able to finance up to 50% of the apartment after the first payments are made um our back office over there the the good-look Mexican guys over there they're the ones who will service everything every step of the way they've already sold hundreds of Apartments they already have the infrastructure set up with the financing and mrai bank and all the BS and uh we'll we'll walk you through it step by step does the prices include finishes appliances it does include finishes like I said before appliances will not be included I believe that I have to check that's one question I don't know um but again the finishes are going to be the kitchen and everything I said before is it safe to assume that the board will include residents of the building elected by residents and not anyone outside of residency it will definitely include only people that bought in the the project how the process works I cannot answer right now we'll figure that out later but as you as you can see there's trusted people in the project and we will only allow people that you know are gonna look for the best interest of the project is the price go ahead Sam no go ahead John oh we definitely are inclusive we're gonna include we're gonna build a great team together I also left out Mr saan cona who's dedicated many hours of his time thank you Soulful and for bringing the young Community involved as well thank you very much I greatly app apprciate it see if Harry wants to say anything else Harry you want to say anything else Harry had to step away Harry had to step away so I think we will somebody asked about a Sho I think keep people have some questions there will be a Sho in the building Jack if you want to elaborate more that's a component a m we don't know yet there's definitely gonna be a sh there's definitely a mid um again depending on if we can come once we get together and we have the first 50 at that point we start you know really working into nitty-gritty the 50 will have a voice and the nitty-gritty will be figured out can we be involved in the retail also again that's to be we're not at that stage yet is there a MC is there a sh I just answered that so I think those are the questions that I see over here obviously we are open to um to is the price of the apartment locked in even currency or price of materials increase so first of all all prices are in sheckels very important to know second thing is will they increase it's going to be included again in the purchase there's something called a madag which is the index that gives the uh developers the flexibility when prices increase so that will be increased if there's some kind of crazy inflation like in covid it will go up it will surge right so that it protects the developers from finishing the project roughly how long will 50% of the purchase price need to be paid up from day one of the reservation um I don't understand that question but you're gonna it's in stages uh you know you going to figure the first payment is going to happen in about three months and then from there you can Le until we get the Prem which is about 12 months later and then there are different payments all right Sammy take the last word and uh close it up yeah I really really want to thank Jack thank the shamaria family thank the rabbis who joined today including Rabbi galami and others who are on the who who were there for their blessings for the people that helped to get people on the zoom today I I really thank you for the depths of my heart all of you uh and please let's try to get this done in the next couple of weeks uh week or two or let's try to get this done I'm sending my 26,000 Jack next week uh the trust fund will be open the trust fund will be open next week I'm sending mine and let's get to 50 people so we could start to create our board and start to get to the next phase uh and thank you everyone and have a great day and God bless you all thank you very much everybody thank you everybody thanks Jack thanks thanks everybody thank you okay