BIG UPDATE: $2MILLION PRICE REDUCTION. CLOSING ON OR BEFORE SEPT 30TH. DON'T MISS OUT ON THIS OPPORTUNITY AT 17-20%+ ANNUAL RETURNS, 8-12 CoC and 2.18Equity Multiple.
MINIMUM $100,000 INVESTMENT.
We are updating our leverage, taking a little safer play with only 60-65% debt on this property and buying a rate cap due to rising costs, rates, etc. This means returns are a bit less, but money is safer. Many syndicators will promise the moon, but the returns are only as good as the paper they are printed on. We believe protection of capital is critical right now. Real estate is a great investment to protect capital, but it is very important to finance the property correctly and reduce leverage where we can. Therefore LP equity raise $12-13M and only $21-$22M Debt.
The Brennan Pohle Group & Nextspace Development are acquiring Sycamore Creek, a 200 unit class B for $29M million with a projected closing date in Sept 2022. The investment will be capitalized with approximately $12-13M million of total equity and $21-22M million of bridge debt. We are providing accredited investors with the opportunity to invest alongside the company and its principals.
Our in-house construction management, acquisitions and asset management team will execute a value-add business plan to unlock upside. Our team plans to enhance the exterior amenities, facade, unit interiors to complete with a new product. We conservatively projected our post renovated rents to be well below newly constructed properties in the submarket based on a net square foot basis. The property provides an attractive alternative and other more expensive class A properties.
Under our 3-5 year scenario, investors are projected to receive a 8-12% average annual cash-on-cash return with a 20%+ ARR and 1.95-2.18x equity multiple*. Following property renovations, there is the option to refinance the property, potentially returning a good portion of investors equity, continue our ownership, and maximizing cash flow distributions.Download Pitch Deck
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TOP 10 REASONS TO INVEST IN MULTIFAMILY
- Tax benefits to offset person income and other income.
- Passive Income. Projected monthly or quarterly cash flow mail box money. Avg 8-10%+
- Legacy wealth. Own appreciating assets to hedge against inflation and currency issues.
- Tax free capital via refinance or capital events.
- Preferred Returns of 8%+
- Annual returns of 18%+
- Investment diversification: Alternative to 401K, IRA or volatile stock portfolio. Diversify to protect wealth.
- Capture rent growth.
- Trade value. Multifamily has a very high level of interest and deep buyer pool.
- Safety of capital. Real estate prices go up, down, sideways, but less so with multifamily.