Rise Valley Heights is 194 units, built in 1986. The property is a B+ class asset located in a B+ submarket of Phoenix, Arizona. It offers immense upside with the opportunity to renovate 100% of the classic units and add washers/dryers to 100% of the units for an additional $50 rental increase per unit with a purchase price at a 40% discount from what it would have sold for during peak pricing 36-48 months ago.
| 63 | Acquisitions |
| 11 | Exits |
| $2.5B+ | Acquisition Value |
| 11,769 | Units |
| NEVER | Lost an investor dollar |
| Debt – Funded at closing | $23,660,000 |
| Debt – Future funding (funded when we submit CapEx draws) | $4,585,587 |
| Equity | $17,137,846 |
| Purchase Price | $33,800,000 |
| CapEx | $4,585,587 |
| Closing Costs (legal fees, interest rate cap, third party reports, etc.) | $1,956,071 |
| Acquisition Fee | $1,690,000 |
| Lender Origination Fees | $564,912 |
| Prepaid Expenses (Insurance and Taxes) | $150,709 |
| Prepaid Interest | $93,654 |
| Reserves (Held at property's bank account) | $2,542,500 |