This is a 506(C) offering for Accredited Investors only. This was previously at 506 (B) offering. 

 

What is the Opportunity? 

 

Vista Grand Apartments in Columbus, NC (yes, North Carolina) 

• 48 Units - with a waitlist. 

• Under Contract with a discount to the list price. 

• Built in 2004, 

  • It is in fantastic condition with new roofs. 

  • Low-maintenance brick buildings. 

• It is an ideal location halfway between Hendersonville, NC, and Spartanburg, SC.

  • 45 Minutes to both Asheville and Greenville, SC, 

    • There are tons of Jobs and Economic Growth in this corridor. 

  • MAP

• LIHTC = Low Income Housing Tax Credit 

  • The LIHTC voucher covers 100% of the Units. 

  • 10-year contract with Foothills Housing Authority (via H.U.D.) 

    • It is an extremely secure contract. 

• Projected Numbers 

  • Average Annual Rate of Return 17.66% 

  • Cash on Cash 7.47% 

  • IRR 14.29% 

  • It's not a "Value Add" deal; this is steady income. 

  • Projected 5 to 7-year hold. 

  • 70/30 Investor to Sponsor split. 

• We have 80% financing on this deal (very rare these days). 

  • We are raising $989,346 in equity.  

    • Some of this is already in the system. 

  • It's first come, first serve, and I am not the only sponsor.

Here is a link to the Investor Zoom Call. This call walks you through the Property Package (attached) and puts some color on the offering. I am sure you will have more questions afterward, which is great, but this will get you started. 

 

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 For More Information please call me 

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Travis Bryenton

828-273-8798 cell 

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Disclosure:

This communication is for informational purposes only and does not constitute an official offering for a security. Any information provided herein is not intended to be, and should not be construed as, an offer to sell or a solicitation of an offer to buy any security or financial instrument. Furthermore, this communication does not constitute investment advice or a recommendation to engage in any specific investment strategy.

Investing in securities involves risks, and individuals should carefully consider their own financial situation and consult with a qualified financial advisor before making any investment decisions. Any investment decision should be made only after thorough research and consideration of all relevant factors.

The information provided herein may not be current or accurate at the time of reading, and no representation or warranty, express or implied, is made regarding the accuracy, reliability, or completeness of the information provided. Any reliance on the information provided herein is at the sole risk of the reader.

This communication is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.

The sender of this communication and any related parties disclaim any and all liability for any direct, indirect, incidental, special, or consequential damages arising out of or in any way connected with the use of or reliance on the information provided herein.

 

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