E 13th St

Riviera Beach, FL 33404

Riviera Beach, FL 33404

Updated:

Due Diligence Pending

Equity StructurePreferred Equity

Equity Seeking$ 30,000,000

Riviera Beach Downtown Mixed-Use Towers – City-Supported Development Opportunity

Total Raise$ 40,000,000

Equity Seeking$ 30,000,000

Sponsor Co-Investment$ 5,000,000

Debt Financing$ 10,000,000

Preferred ReturnAbove 10%

Profit Split (Investor/Sponsor)60 / 40

Project TypeReal Estate

Hold Period6–12 Months

Building Size (Sq Ft)500,000

Parking Spaces130

Lot Size Ac / Sq Ft3 / 130,680

ZoningCommercial

Entitlement StatusIn Process

Permit StatusNot Submitted

Projected # Units120

Projected Building Size (Sq Ft)800,000

Projected # of Stories8

Projected Parking Spaces150

Estimated Resale Price$ 120,000,000

Rick

Broker