Opportunity to own 25% of this for $4,000,000
The invested funds will be used by the developer to build a 96 apartment unit property with first floor retail at the corner of 15th Street and I Streets in Sacramento and the investor will own 25% of the property. The site is in Downtown Sacramento so bus, light rail and soon-to-be street car transit provides good public transportation. The apartments are between the Sacramento Memorial Auditorium and the Wells Fargo Pavilion/Music Circus event venue and a few blocks from the Sacramento Convention Center thus a source of employment for residents plus site is within walking distance to City, County and State employment centers. The developer states that after spending $17,900,000 to build, when completed, the developer estimates the value will exceed $24,000,000. The developer states these apartments have an approved construction loan and take out loan; both at favorable financing terms; they just need equity funds to proceed.
Marriott Hotel/ Equity Offer
Completion of Following
Bank Financing $22 Million
Developer Equity $14 Million
Total Budget including Hotel & Garage $36 Million
Seeking Equity for 1.8 Million
Real Estate Development Capital/ REIT
A REIT may appear simple at first glance , but the components are uniquely interrelated and necessarily fluid. You manage multiple portfolios and transactions, national and international entities, diverse assets, staggered lease dates, and need to map assets according to equity status. Perhaps you not only own properties, but also develop, or redevelop and manage them. At the end of the day, having just one small piece of your information puzzle "out of good standing" or incorrect can jeopardize your deal, your partnerships, and your profits. Prevent protracted legal actions, attorney's fees and headaches. We have simple solutions to complex needs.
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Daniel, Russell&Charles Co.,LLC
980 9th Street, Suite 2130
Sacramento, CA. 95814
(916) 444-9036 Office
(888) 441-3983 Fax