INVESTMENT OFFERINGS
SOLESTE MIDTOWN | MIA
2024
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354 Class A Apartments
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Ground Up Multi-Family
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Phase 1 Construction
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290,948 Net Rentable SF
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Senior Debt: $64.2 mm
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Common Equity: $34.6 mm
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Projected Stabilized Value: $144.5 mm
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Equity Multiple: 1.60x
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Net Avg Annual Return: 24%
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IRR: 19.6%
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Investment Period: 33 mos
AFFORDABLE MIXED-USE | NYC
2024
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50 Affordable Apartments
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Ground Up Multi-Family
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Phase 1 Construction
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27,000 Net Rentable SF
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Senior Debt: $17 mm
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SR. Pref Equity: $4.79 mm
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JR Pref Equity: $1.91 mm
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Common Equity: $3.54 mm
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Equity Multiple: 1.53x
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Net Avg Annual Return: 17%
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IRR: 16.75%
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Investment Period: 24-36 mos
$35MM
FUNDED
$27 MM
FUNDED
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