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.

Charles Daniel BPS Book By Author Charles Daniel, DRC's Managing Partner

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Daniel, Russell&Charles Co.,LLC

Corporate Office

980 9th Street, Suite 2130

Sacramento, CA. 95814
(916) 444-9036 Office
(888) 441-3983  Fax

drc@drccompany.com

 

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