A all new opportunity, with almost no Risk and High returns
$600K of the additional $1M raise has been raised, leaving only $400k remaining in the Fair Oaks Preferred Equity Raise.
As a recap, we have made significant progress in the last month, in moving towards building permits and completed the demolition work to start of construction:
- We have solidified our construction financing with the most attractive lender terms available
- We have closed the escrow on all the 3 of the parcels.
- We are having success in testing the market by listing the first of the 18 units at $1.95M
We recently solidified our construction financing which is positioning the project to require additional equity, which is why we are raising this additional $1M of preferred equity, bringing the total preferred equity contribution to $4M. We are raising the fund to meet the lender requirements for construction financing for equity in the project. Furthermore, we are finding success via our testing of the market with our first listing of the 18 units, in hopes of moving towards our first pre-sale. This raise, and the closing of escrows, will allow us to move ahead with engaging potential buyers in order to move into non-contingent contracts on the homes.
We currently have $3.6M out of the $4M of total raise, meaning that we have an additional $400k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.
As a reminder, this Preferred Equity raise is specifically investing into our Aron Place project in Sunnyvale! The project is fully entitled and we will be breaking ground on construction in the coming few days. As a preferred Equity investor a 15% annualized preferred return until the project is completed. In addition to the preferred returns, there is a 5% profit share with the entire preferred equity investor pool! Based on our projections for the project, we are anticipating a 16.5% annualized return for the Preferred Investors, which includes the profit share. As we are committed to growing our investor wealth and building good relationships hence we are increasing our return on investment for this specific class of investment preferred shares. The project is in the construction phase and expected to be completed in 20 months.
Aron Place is an 18 unit modern townhome development in the heart of Sunnyvale, and is a 100% electric project with solar integration! Each of the eighteen three-story homes exudes modern luxury with designer-selected upgrades including upscale cabinets, countertops and hardwood flooring, spacious open floor plans, and roof top entertainment decks! We expect to presell all of the homes early in the project lifecycle, based on strong buying demand in the Sunnyvale market at this price point from local tech employees at Facebook, Apple and especially Google! (Google Cloud headquarters building just across 237)
These final spots in the offering will not be available long, so be sure to CLICK HERE in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650)567-4701.
Looking forward to connecting with you soon!