10% Equity in 228 Unit MF

South West, USA

Short Summary

Developing 228 unit apartment complex in Northside of Corpus Christi, Texas. Average unit size of 907 square feet, with 485 parking spaces, of which 36 will be individual garages and 56 carports. Executive Summary and previous projects are attached

Highlights

  • Project is incredibly profitable and produces NOI of 2.1MM
  • Construction is only 12 Months, and we start lease up during building phase
  • Permits are ready to be pulled, we move forward after $300,000 is secured
  • Returns are extremely profitable. Property completion yields 8MM equity
  • Developer has extensive experience with projects of this magnitude
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

Overview

Target
US$300,000
Minimum
US$50,000
Investment Raised
N/A
Previous Rounds US$250,000
Stage Other
Investor Role Silent

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