
Current Offering

Moncler Willow Lake - Tampa MSA
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Projected 16% - 18% IRR Net to Investor after fees, Promote and expenses
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9.0% Cash on Cash distribution, net after fees, Promote and expenses
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8% Preferred Dividend
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Superior value add opportunity in one of Tampa’s most desirable neighborhoods
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144 units built in 1986 will allow for institutional management and operational efficiencies
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Low leverage for risk reduction
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Located in growing population center with high cost of construction
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Well designed floorpans, new pool patio, renovated fitness center and in-unit laundry
Total Project Cost: Approximately $19,898,000
Inclusive of:
$18,100,000 Acquisition Price
$1,210,000 Capital Improvements
$7,900,000 Equity
Agency Loan Assumption Ensures Low Leverage at 67% Loan to Acquisition
Year one cash-flowing property
Unit renovations result in a 20% ROI
Time Horizon:
LOI Submitted: September 16
Best and Final Participation: September 25
Final Negotiations: September 29-30
Signed Purchase and Sale: Mid October
Projected Close date: January, 2021