We propose to consider investing in a project to build a residential complex in one of the areas of New York — Bronx.
According to the project, the residential complex includes 69 apartments.
The main parameters of the deal
Project duration: 30 months.
Funding scheme: 30% equity/ 70% bank financing.
The loan of $ 15 million is at the approval stage.
Return to investors of priority: 8% rate of return
Profit distribution: upon mutual agreement.
Projected annual yield 33%.
Information about the developer
The developer is a company that has already successfully implemented several projects.
The cost of investment is $ 7,000,000.
Location and nearby objects
The property is located in Bronx.