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Key West Townhouses

  • Open Source Capital, LLC
  • Icn offering location Keys, FL

Participation note opportunity in a luxury 20-unit townhouse development in Key West, FL.

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  • Icn funding type
  • Icn funding meta
  • Posting
  • Profit Participation Notes
  • Total Raise: $4,862,695
  • Min. Investment: $25,000
  • Interest Rate: 10.00%
  • Expected Hold Period: 42 months
  • Property Type: Residential
  • Est. Investor IRR: 18.4%
  • Est. Cash-on-Cash: 8%
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This limited supply, premium location is in the epicenter of highly desirable Old Town Key West
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This vacant land sold in 2007 for $16 million and is being purchased from the bank for $6.8 million
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The developer, Georgelas Group, has been developing high quality projects since 1964