18-42, Changcheon-dong

Seodaemun-gu, Seoul 03779

Seodaemun-gu, Seoul 03779

Updated:

Due Diligence Pending

Equity StructureHybrid Equity

Equity Seeking$ 20,000,000

Erno Place Shinchon – Prime Seoul University District Equity Partnership / JV

Total Raise$ 25,000,000

Equity Seeking$ 20,000,000

Sponsor Co-Investment$ 5,000,000

Preferred Return8%

Profit Split (Investor/Sponsor)70 / 30

Project TypeReal Estate

Hold Period3–5 Years

Lot Size Ac / Sq Ft0.38 / 16,754

Entitlement StatusFully Entitled

Permit StatusSubmitted / In Plan Check

Projected # Units144

Projected Building Size (Sq Ft)185,899

Projected # of Stories21

Projected Parking Spaces94

Estimated Resale Price$ 60,000,000

Nikki