Westdale Dr SW
Cedar Rapids, IA 52404
Due Diligence Pending
Equity Seeking$ 7,500,000
Equity StructurePreferred Equity
Southview Apartments JV | 444 Units | $28.5M Asset | $10M Raise
Total Raise$ 10,000,000
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
Investment Annual Income$ 600,000
Investment Monthly Income$ 50,000
Lot Size Ac / Sq Ft21.35 / 929,826
Zoning / UseMultifamily Residential
Entitlement StatusFully Entitled
Permit StatusPermitted
Estimated Resale Price$ 35,000,000
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Property Location
DDrake R.
Authorized Representative