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Condo Development Land Loan 612

Elmhurst, NY
7.0 - 8.0%
Annual Return

COMPLETED
Investment Summary

Gross Financing: $3,500,000

* (Phase I. Financing: $2,000,000; the expected closing date is December 31st, 2018 or after fundraising accomplished)
* (Phase II. Financing: $1,500,000; the expected closing date is February 15th, 2019 or after fundraising accomplished)

Expected Return: 7.0%-8.0%/year

* Subscribers of 1 to 4 membership units gain 7.0% expected return; Subscribers of 5 to 19 membership units gain 7.5% expected return; Subscribers of 20 shares or more membership units gain 8.0% expected return.

Investment Type: Land Loan

Minimum Investment: $10,000 per/Membership Unit

Investment Duration: 12 to 18 Months

Payment Period: Semi-annual Interest Payment

Property Overview
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