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7.00% - 7.50%
· Investment Type： Condominium Construction Loan (First Lien)
· Total Investment： $800,000
· Project Total Cost： $3,100,000
· Minimum Investment： $20,000
· Investment Term： 12-18 Months
· Est. Annual Return： 7% - 7.5%
· Payment of Interest： Every 6 Months in Advance
· Loan to Value： 25%
This project is located in the area of Gravesend, Brooklyn. 3 minutes walking distance to N, Q & W train, which compress the commuting time to Manhattan within 25 minutes. The Project is in a densely populated, blooming upscale urban community with easy access to Calvert Vaux Park & Coney Island Beach. Gravesend's earliest non-native settlers were predominantly English and Dutch. This area has been home to a growing Chinese community for the past a few years.
· Number of Stories： 6
· Gross Floor Area (Basement Excluded)： 8,200 SF
· Lot Size： 2,050 SF
· Total Unites： 11 unites