Tremaine Drive PHX- PhixNPhlip is offering up to $525,000 in Secured Participating Preferred Non-Voting Memberships.
Offer: 8% preferred interest Prior to Sponsor participation
30% NET Profit share after Sponsor participation of 35K
Total Interests available: 525 @ $1,000 each = $525,000
Raise date is 9/25/2019 or when the entire project is funded; whichever comes first!
Estimated distribution February 2020
Opportunity is knocking, be a part of your community’s change.
Until recently, real estate investment was the realm of moguls and millionaires. Today, new Arizona statutes have opened real estate to crowdfunding. Now, you can be a part of Arizona’s growth, even if you only have $1000 to invest. Click Here to know more on Arizona crowdfunding laws and who can invest.
The project details start with the acquisition
of the property on January 28th, 2019 with a purchase price of $313,322. The designs and layout were discussed and architect designs were started on April 2019 for a cost of $5,500. Next, the mechanical, plumbing and electrical design were added to the plans. Followed by the structural engineering plan, in April of 2019. The estimated costs for construction and management are about $175,000 for a total estimated cost of $520,122
The resulting home will feature
The resulting home will be approximately 2089 square feet, 3 bedroom, 2 bathroom, and a 2 car garage. The great room opens to a spacious kitchen with dining room and island. The kitchen is strategically located with direct access to the laundry, garage, and mechanical room. The Master bedroom will be tucked away in the back of the home and have its own exit to the back yard. It will have a large walk in closet and easy access to the laundry room. The two additional bedrooms and your guests will share the other bathroom.
Crowdfunding Investment Structure details:
Each Interest shall receive a preferred return based on a 8% annual rate (“Preferred Return”). In addition to the 8% preferred return, the Interests will collectively receive 30% Equity Participation of the net profit above $35,000 (“Sponsor Participation”) of profit, if any, prorated to their percentage participation.
Below, we have provided three final liquid sale price scenarios.
As an example, the return on $1000 was calculated ;
This blog should be used for informational purposes only. This blog should not be construed as legal , real estate or financial advice. If you need legal advice regarding Crowdfunding Laws, or any other litigation matters, contact an attorney in your area.