RealtyeVest’s Lowers Minimum Investments Across the Board
Beginning in June RealtyeVest’s investor community will be able to participate in all investments for as little as $5,000. This will allow for new and experienced investors to get into more deals and diversify their real estate investments across more offerings.
Since the launch of the new RealtyeVest platform, our investor base has experienced a 61% growth rate over the previous month. This growth has largely stemmed from our extensive marketing campaigns, rebranding efforts, new investment offerings and promotional outreach.
RealtyeVest is evolving into a national crowdfunding brand. We have recently been invited to speak at a number of national and international conferences along with attracting several very large sponsors. Other national crowdfunding platforms are evolving into more of a traditional lending capacity, making the on-boarding process laborious and untimely, while RealtyeVest remains nimble and user-friendly.
The Monroe House
RealtyeVest is pleased to announce that it has recently added a new debt investment offering for a 40,000-square-feet Assisted Living Facility in southwestern Mississippi, near the Louisiana state line. The development includes 60 one-bedroom/bathroom units.
Dubbed The Monroe House, the project is a $1,000,000 debt investment opportunity that’s being offered at 12% interest as a current payment with 10% profit participation in a capital event. The total raise for the project will be $5,000,000 in five total tranches. Construction for the development has been approved by the planning and zoning commission, and the board of supervisors.
RealtyeVest is pleased to announce that it has recently added a new debt investment offering in Merritt Island, Florida. Island Oaks Condominiums is a four-building, 48-unit condominium development located off North Courtenay Parkway. The community also lies within the Space Coast, an area inside Brevard County that got its name because of its proximity to the Kennedy Space Center and Cape Canaveral Air Force Station.
The development, which is currently under construction, is $2,000,000 debt investment opportunity with a 10% ROI and 10% profit participation. The total cost to capitalize the development is $10,271,520, which includes $1,500,000 in land acquisition costs; $6,252,000 in construction hard costs; $707,000 in soft costs; and $1,812,520 in carrying costs and project fees.
A Word From The CEO
“You spoke and we listened… we lowered the minimum investment on “every” deal on our site to $5,000. This opens the floodgates for first time investors to invest with us with an increased comfort level. We look forward to working with new and seasoned investors and as always, I am available via phone or email to answer any questions. Thank you and Happy Investing.” – Dan Summers
Tip of the Month
A lot of investors try to cut corners to save money, but in our opinion, they end up having more issues when they attempt to sell the property. If a renovation project is not done correctly and repairs are left needed… don’t expect to get the full market value of the asset. Look to crowdfunding for additional capital to help with the unexpected costs and renovations of projects.
RECENTLY CLOSED DEALS
Sweet Water Park Assisted Living Facility
The equity investment portion on this Senior Living Project, which offered a 28% ROI, has just closed. Under construction now, Sweet Water Park is a residential assisted living project in Jacksonville, Fla. The project build out will consist of three phases, which will take place over the next several months. The first phase will be licensed for 15 beds and should be completed by July. The second phase will include adding another 15 beds in a new construction project on the property. Phase three will include expanding the current structures so in the end there will be a total of 50 beds at this location. The structures are being built on 5.8 acres in a park-like setting that features a one-acre pond, trees and benches.
But for the investors who participated in this project, there is nothing left to do but relax and enjoy the fruits of passive real estate investing.
For more information on Sweet Water Park check out our spotlight interview with project sponsor John Daley.
“Buy land, they’re not making it anymore” – Mark Twain
SPONSOR SPOTLIGHT: Mr. John Daley
Originally from Biloxi, Miss., Daley, 55, has been living in Florida for the majority of his adult life. His interest in real estate peaked seven years ago, when he saw a Carleton Sheets’ infomercial on television. From there, he joined a real estate investment club in Jacksonville, where he spent eight months learning the intricacies of real estate investing.
Since then, Daley has been involved in several renovation projects, including six single-family homes, five of which that have already been sold, he said, “and the sixth should be on the market in about two weeks.”
Crowd Invest Summit West 2017
RealtyeVest CEO Daniel Summers is scheduled to present at the upcoming 6th Annual Global Crowdfunding Convention at the Planet Hollywood Resort & Casino in Las Vegas, Oct. 23rd – 24th.
The two-day convention, sponsored by Microsoft, is considered the flagship crowdfunding event of the year!