JACKSONVILLE, Fla., Feb. 02, 2017 (GLOBE NEWSWIRE) -- We are pleased to announce that IHT Realty Crowdfunding has an opportunity for accredited investors. Our Sponsor has acquired a beautiful, 2-home property to transition into a Residential Assisted Living Facility located in Jacksonville, FL.
The Sponsor is offering a 28% yield on the equity portion consisting of a 12% annualized yield and 16% deferred for 24 months. A majority of the equity is already pledged leaving a small tranche available for investment. The debt is already in place (crowdfunded by IHT in 24 hours) and the Sponsor has closed on the property and already started the rehab.
This investment will consist of repurposing 5.8 acres of land with two single-family homes. These homes are great examples of the all-brick construction of the 1950’s and 1960’s. The project starts with enlarging the homes’ heated areas from 1,488 sq. ft. to approximately 2,000 sq. ft. each by converting the oversized garages into 2 and 3 bedrooms with private full or half baths. The work will continue with updating the kitchens, installing new roofs, updating all the doors and windows, and refinishing the beautiful wood flooring that exists throughout each home. The property is a beautifully wooded park like setting with two quaint ponds for the enjoyment of its residents. New driveways, walkways and outdoor seating areas will cap off the project.
Sweet Water - Park LLC is the Sponsor for this project. The Company has verified the zoning, researched the construction and safety requirements for both the county and state, contracted the architectural and engineering drawings, and has prepared the overall construction budget for this project.
IHT Realty Group is Florida’s premier real estate crowdfunding company located in Jacksonville, FL. Our goals are twofold: IHT offers investors greater diversification in their portfolios while increasing their earnings, and we support Sponsors’ access to the capital needed to successfully launch their projects.
Visit the IHT Realty Crowdfunding website for more information about this outstanding investment opportunity and start generating passive income today.