Westdale Dr SW

Cedar Rapids, IA 52404

Cedar Rapids, IA 52404

Created:

Due Diligence Pending

Equity StructurePreferred Equity

Equity Seeking$ 7,500,000

Southview Apartments JV — 444-Unit Multifamily Acquisition & Value-Add | $28.5 M Asset | $10 M Equity Raise

Total Raise$ 7,500,000

Equity Seeking$ 7,500,000

Sponsor Co-Investment$ 2,500,000

Debt Financing$ 18,500,000

Preferred Return8%

Profit Split (Investor/Sponsor)70 / 30

Project TypeReal Estate

Hold Period3–5 Years

# of Units444

Building Size (Sq Ft)436,181

# of Stories2

Parking Spaces587

Lot Size Ac / Sq Ft21.35 / 929,826

ZoningMultifamily Residential

Entitlement StatusFully Entitled

Permit StatusPermitted

Estimated Resale Price$ 35,000,000