CrowdFunz along with Any Realty LLC (Sponsor) are offering the opportunity to invest in the acquisition and ownership of a condo, Aster Garden in Ocean Avenue, Brooklyn. The primary objective of this fund is to buy the land, demolish old house and build 10 units , 6 floors condo with refined decoration and sell the property within 3 years.
It is estimated that the total cost would be $3,150,000, including bank loan $1,650,000, equity investment $1,500,000 and it is expected to benefit $1,450,000 from it. The developer will invest $825,000(55%) and CrowdFunz along with all the investors will contribute 45%, which is $675,000 investment. CrowdFunz will invest $75,000, and share the risk with investors, on the other hand, CrowdFunz will charge investors 5% of the management fee and 15% of the profit sharing after the project is completed.