Condo Development Land Loan 604
Type: Debt
Target: $2,350,000
Annual Return: 6.63%-7.38%
Min-invest Amount: $50,000
Duration: 9-12 Months
Project Complete
CrowdFunz is arranging a bridge loan of $2,350,000which will be secured by a commercial property located at West 52nd Street, New York, NY 10019 (the “Property”).
Investors are expecting to receive an estimated annual return rate depends on the shares invested:
Investors are expecting to receive an estimated annual return rate depends on the shares invested:
- 1-2shares: 6.625%
- 3-9shares ：7%
- 10 shares or up: 7.375%
The property is a 9,920 + SF luxury condo. The property is 7 floors high with 7 residential units. Each unit has 1-2 bedrooms.
- Location: West 52nd Street, New York, NY 10019
- Zoning: R8/CL
- Plan: 7 stories, 13,310Sq Ft building, 7 Units Condo (1-2 BR Apt)
- Saleable Area：$9,920
- Expected total sales：$16,162,000
- LTV is low at 50% based on the price the land.
- First mortgage and Full-term interest are recorded and reserved to provide extra security for investors
- New York developer with high reputation has completed more than 60 New York commercial real estate projects.
- The property is located in Midtown West Manhattan; a very active and lucrative real estate market with potential growth.
- 10 minutes of walking distance to Time Square and Central Park etc. Walking distance to 1/C/E/B/D/N/R train (1-3 blocks).
Hell‘s Kitchen, also known as Clinton and Midtown West, is a neighborhood of Manhattan in New York City. It is traditionally considered to be bordered by 34th Street in the south, 59th Street in the north, Eighth Avenue in the east, and the Hudson River to the west. The area provides transport, medical, and warehouse infrastructure support to Manhattan’s Midtown business district. Although the area in the past was thought of as a gritty neighborhood, nowadays the area is gentrifying and has become a very desirable residential neighborhood.
67.2% of people in this area are white collar. And approximately 24.7% of residence are family households. Average aggregate household incomes in this area are $125,060, where 48% increase in income since 2000.
67.2% of people in this area are white collar. And approximately 24.7% of residence are family households. Average aggregate household incomes in this area are $125,060, where 48% increase in income since 2000.
| 类别 | -1 | 0 | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|---|
| 开发商 | ||||||
| 开发商经验 | 1-5 年 | 6-15 年 | 15+ 年 | |||
| 开发商业绩 | 0-50M | 51M-150M | 150M+ | |||
| 信用分数 | 合格 | 良好 | 优秀 | 卓越 | ||
| 个人担保 | 无 | 是 | ||||
| 房地产抵押 | 无 | 是 | ||||
| 财务数据 | ||||||
| 质押率 | 56-70 | 30-55 | <30 | |||
| 偿债保障比率 | <1 | 1-1.5 | 1.6-2.5 | 2.5+ | ||
| 优先债比例 | 70%-79% | 60%-69% | 50%-59% | 1%-49% | 0% | |
| 地理位置 | ||||||
| 地点 | 远郊 | 城市非核心区域 | 城市核心区域 | |||
| 生活便利指数 | 0-49 | 50-69 | 70-89 | 90-100 | ||
| 市场供需关系 | 供>>需 | 供>需 | 供≈需 | 供<需 | 供<<需 | |
| 项目类型 | ||||||
| 开发阶段 | 新建项目 | 增值项目 | 稳定项目 | |||
| 入驻率 | 低 | 一般 | 高 | 非常高 | ||
| 投资周期 | 60+ 月 | 25-60 月 | 0-24 月 |
PPM (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Subscription Agreement (Only available to accredited investors)
Operating Agreement (Only available to accredited investors)
Appraisal (Only available to accredited investors)
Appraisal (Only available to accredited investors)