Investment Description
The Property is a multi-family residential apartment complex with 394 units and consists of 19 two and three-story residential apartment buildings and a single-story clubhouse on 28.23 acres of land
Property Details
Acquisition Details
Total Equity
$94,400,000
Total Debt
$74,589,000
Total Value
$168,989,000
Loan-to-value
44.14%
Units
394
Financial Details
Purchase Price
$150,0000,000
Reserves
$3,713,027
Loan interest rate
4.20%
Loan term
10 years
Interest only period
7 years
Product Details
Product Sponsor
Product Structure
DSTAsset Type(s)
Multi FamilySyndication Load
NA
Holding Period
NA
Liquidity
NA
Risk Profile
NA
Business Plan
The principal objectives of the Trust will be to (i) acquire and lease the Property to the Master Tenant with the intent that the Master Tenant will manage the Property to realize its maximum operating performance, (ii) pay regular distributions to Investors out of net cash flow as described on the Forecasted Statement of Cash Flows attached hereto as Exhibit B, (iii) preserve the intrinsic value of the Property, and (iv) complete a sale of the Property prior to the Loan maturity date that maximizes return of capital to Investors. There can be no assurance that the Trust will achieve these objectives. See “RISK FACTORS.”
Visit Website for more DetailsSponsor Overview
Our platform partners with experienced sponsors to ensure you have access to well-vetted investment opportunities.
Available Equity
19.4% Funded
$100,000 Minimum
Offering Materials
Schedule a Free Consultation
If you need help deciding which properties to choose or would like to discuss the best options for your situation, let our team help.
Schedule a Call
Schedule Product Review
Need more information on our investment options? Our team of experts is here to help. Schedule a call to review your investment goals and discover how our offerings can support your long-term strategy.