Rise at the Northern is a property that meets our criteria. Currently operating as The Northern, the property is deemed as a B+ class property in a B+ location. The asset is a 108-unit multifamily community built in 1983.
| 67 | Acquisitions |
| 11 | Exits |
| $2.7B+ | Acquisition Value |
| 12,572 | Units |
| NEVER | Lost an investor dollar |
| Debt – Funded at closing | $15,932,360 |
| Debt – Future funding (funded when we submit CapEx draws) | $1,370,561 |
| Equity | $9,761,125 |
| Purchase Price | $21,700,000 |
| CapEx | $1,370,561 |
| Closing Costs (legal fees, interest rate cap, third party reports, etc.) | $1,236,111 |
| Acquisition Fee | $1,085,000 |
| Lender Origination Fees | $519,088 |
| Prepaid Expenses (Insurance and Taxes) | $90,221 |
| Prepaid Interest | $63,066 |
| Reserves (Held at property's bank account) | $1,000,000 |