Moncler Willow Lake is located in the Wesley Chapel neighborhood of Lutz, just 20 miles north of Tampa Florida

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• Projected 16% - 18% IRR Net to Investor after fees, Promote and expenses

• 9.0% Cash on Cash distribution, net after fees, Promote and expenses

• 8% Preferred Dividend

• Superior value add opportunity in one of Tampa’s most desirable neighborhoods

• 144 units built in 1986 will allow for institutional management and operational efficiencies

• Low leverage for risk reduction

• Located in growing population center with high cost of construction

• 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

 

 

 

 

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