South Side Developme..
- 506(b) Equity
This offering represents the opportunity for a short term preferred equity investment at a 14% APR, paid by a monthly coupon, to finance the equity to buy 4 underperforming and undervalued assets with exceptional upside in the South Shore neighborhood of Chicago. The four buildings; 7700 S South Shore Dr., 7818 S South Shore Dr., 3001 E 79th St., and 7419-35 S Colfax offer 113 residential apartment units between them, with a great unit mix of 73 2 bedroom units, 36 1 bedroom units, and 4 studio apartments. The assets will be acquired and aggressively renovated within the next 12 months, at which time they will be refinanced into low cost long term debt, and all preferred equity partners capital shall be returned.
EquityBuild is a client advocate in a real estate world where we build life-long relationships by creating real estate investment opportunities that are carefully selected based on EquityBuild's proprietary econometric model that identifies properties with strong upside and minimal risk. To learn more about EquityBuild and how you can invest directly in real estate with expert guidance and no landlord hassles please call (877) 978-1869.
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