40% ROI On Waterfront Asset

[Matthew Bernal]

Investment Breakdown:

Investment: $350,000

Debt Return: 12% Annualized

Term: 3-6 Months

Equity Offering: 10%

Term: 60 Months

Annual NOI: $233,000

How It Works:

Pryceless Ventures, LLC is offering capital partners a blended debt and equity position on an investment in Traverse City, MI (See property Here). Investors will receive 12% on their money during our stabilization period, which we are projecting will be 6 months. Once stabilized, we will refinance, pay the investor back principal plus interest, then convert the investor's debt position into 10% equity position for 5 years. To be clear, the investor's exposure to risk will be during the 6-month stabilization period and will retain an equity position without any money in the deal for 60 months following the refinance. 

Investor Security:

1. Investor will hold a second lien position, which will be recorded on the deed of trust of the asset.

2. Investor will have a promissory note and JV agreement with Pryceless Ventures, LLC.

3. Investor will be recorded on the insurance policy of the asset.

4. Investor will hold a position on the operating agreement of operating entity holding the asset.

Projected Returns:

Debt Return: $21,000

Annual Equity Return: $23,300

Gross Equity Return: $116,500

Gross Debt & Equity Return: $137,500

ROI: 40%

Extras:

Investor Partner will also get two first-class tickets to Traverse City and a week stay in the property free of charge. 

Contact Matthew at:

Cell: 619-752-0988

Email: [email protected]

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