Condo Development Preferred Equity 805

Long Island City, Queens, NY
8.0% - 9.0%
Annual Return

Personal Investor Entry

Other Investors Entry
Include company(corporation, LLC etc.) Trust, Retirement Fund, etc.
Investment Summary

Gross Financing: $4,000,000

* (Phase I. Investment:$2,000,000,the expected closing date is Mar 15th, 2019 or after fundraising accomplished)
* (Phase II. Financing:$2,000,000,the expected closing date is May 1st, 2019 or after fundraising accomplished)

Expected Return: 8.0%-9.0%(and condo book price discount)

Investment Type: Preferred Equity

Minimum Investment: $10,000 per Membership Unit

Investment Duration: 18 Months

Payment Period: Semi-annual Payment in advance

* As of May 2018, the final market vacant land value is $19,000,000.It is estimated that the project will be valued at about 70 million after its completion in April 2020. The appraisal report is provided by CBRE.

* Subscribers of 1 to 9 membership units gain 8.0% expected return;Subscribers of 10 to 24 membership units gain 8.5% expected return, also, subscribers will able to get 1% off from the condo book price if he/she commit to purchase an unit of the building;more than 25 membership units gain 9.0%. subscribers will able to get 4% off from the condo book price if he/she commit to purchase an unit of the building. The selling price is subject to the Condo book approved, for more information please contact Crowdfunz.com.

Property Overview
Hightlights

To view full detail information

Log in Register