Investment: 1230 Larnel Place Preferred Equity
Completed
Overview
The investment involves the rebuild and sale of a single family home in Los Altos, CA. The Sponsor will rebuild and sell the property within 12-14 months.
The principals of the Project Sponsor have successfully built several homes in California over the past decade.
The Sponsor is in contract to purchase the property in late February. Accordingly, the primary objective of this investment is to (1) purchase the property, (2) complete the rebuild work upon closing of the transaction, and (2) sell the property after 12-14 months.
Projects
1230 Larnel Place, Los Altos
- Investment Amount (across all investors)
- $805,000
- Invested as
- Preferred equity
- Completion Date
- May 2016
$805,000 of $805,000 committed
Investment Summary
- Offering Type
- Preferred Equity
- Projected IRR
- 16.7%
- Cash-on-cash
- 11%
- Minimum Investment
- $5,000
- Term
- 13 months