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Philadelphia Residential Fund

  • Investco LLC
  • Icn offering location Drexel Hill , PA

Residential real estate fund with properties that are 100% occupied at market rents. Significant opportunity for future rent growth and property appreciation.

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  • Icn funding type
  • Icn funding meta
  • Posting
  • Equity
  • Total Raise: $512,850
  • Min. Investment: $19,500
  • Expected Hold Period: 5 years
  • Property Type: Residential
  • Est. Investor IRR: 15.2%
  • Est. Cash-on-Cash: 12%
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The Principals have a combined 50 years of experience successfully acquiring, developing, and managing multifamily assets having completed in excess of $5 billion in real estate related transactions.
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Attractive financing in place with Sponsor contributing $137,150 in equity. Sponsor will personally guarantee the loan, which is structured as an interest only line of credit up $1,300,000 through March 1, 2015 after which time it converts to a fixed loan on the outstanding principal balance (projected at $1,284,500).
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Assets acquired are 100% leased at current market rents with significant opportunity for future rent growth with modest unit upgrades. Distributions to be made on a quarterly basis to all investors based on excess cash flow. First year cash on cash returns projected to exceed 10%.