Before you can request access or make commitment to a deal you mast have the Following profile item completed:

Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.

Chula Vista & Villa Verde Apartments

$75,000
Amount Raised
$750,000
Goal
10% Complete (success)
10%
No time left
Invest

Raise Details

  • Gross Offering
    $750,000 USD
  • Available Units
    4.50
  • Minimum Investment
    $10,000 USD
  • Maximum Investment
    $750,000 USD
  • Open Date
    Jan 01,2023
  • Closing Date
    Jan 31,2023
  • Investment Type
    Preferred Equity
  • Maturity
    48 months
  • Real Estate Use
    Residential
  • Maturity End Date
    Jan 31,2025

Type

Type Number of Units Available Units Cost per Unit Gross Offering Annual Yield Term
Series A 5.00 4.50 $150,000.00 USD $750,000.00 USD 15.00% 48 months
Totals 5.00 4.50 $750,000.00 USD

Executive Summary

Overview. An affiliate of Chesterfield Faring Ltd., Assured Realty Capital, Inc. (“ARC”) is offering and issuing a $1.5 million preferred equity investment (the “Offering”) in two multifamily, 192-unit, 128,415 SF, value-add, Class “C” workforce housing properties (the “Properties”) located in the South Oklahoma City submarket of Oklahoma City, OK. The purchase price is $9.6 million or only $50,000 per residential unit. The total capitalization is $12.1 million including $1.5 million of value-add contributions. The Offering is second in position to a $8.8 million first mortgage (the “Loan”) from Bayview Financial (the “Lender”) or 73% loan to capitalization. The Offering is 85.0% of the capitalization including the Loan. Greenlight Equity Group (the “Sponsor”) and its investors are investing 15.0% of the capitalization as common equity subordinated to the Offering. ARC has presold half of the Offering leaving $750,000 for select clients of CFL. The Closing is anticipated for October 15, 2021.

Highlights

  • Chula Vista Apartments (61 Units) built in 1970 plus II) Villa Verde A
  • Reducing risk, the Properties are well occupied.
  • Located in the South Oklahoma City submarket
  • Upscale urban neighborhoods

Comments

  • There are no Comments for this Offering.

Before you can request access or make commitment to a deal you mast have the Following profile item completed:

Please click on the Complete Profile button to complete the required profile items. After you successfully complete your profile, you will be redirected back to this page and request will be processed automatically.