New Preferred Equity Offering: Building on Success

Sign up below to receive details on a new Preferred Equity we will be offering soon. The  Preferred Equity proceeds will be  invested in an exterior and smart home technology upgrade program for  a stabilized 58-unit multifamily asset that we have owned and managed for almost 20 years.

This is a  performing asset and the combined senior mortgage and Preferred Equity Debt Service Coverage Ratio ("DSCR") will be in excess of 1.35x. The combined senior mortgage and Preferred Equity loan to value ratio ("LTV") will be under 80%, based on a 2023 lender appraisal. We have been investing in the Midwest since 2006, and we have never been late on a mortgage payment.

100% of the Preferred Equity proceeds will be invested in accretive exterior and smart home technology upgrade program designed to increase curb appeal, occupancy, and rents.

Terms are expected to be as follows:

  • 10% cumulative Preferred Return
  • 3 year  term
  • Non-prepayable for 18 months

Current:

Multifamily Preferred Equity Offering

Proposed:

Multifamily Preferred Equity Offering

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