AffordableLIVINGforALL
Fundraising campaign by
affordableliving
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US$0.00raised of $1,000,000.00 goal goal
No more donations are being accepted at this time. Please contact the campaign owner if you would like to discuss further funding opportunities
Campaign Story
OUR intent and goal is too offer attractive apts for students, seniors, singles, married and families who need a safe community to live , work and shop so they can enjoy parks and beneift from close proximity to public transportation for a pedestrian lifestyle. Automobiles are optional. I have identitified 3 buildings that are ideal for the scope of lifestlye outlined above. One building has 70 units the other has 40 units and the third is a 12 unit building within three blocks of each other. Most units are roomy one and two bedroom units next to village shops, trains, parks and schools. THE area is safe and known for being easy to get around so people would be happy being there. We are offering a 5% return on your money per year wihich is backed by the multifamily real estate inocme stream as colateral plus 50% equity in the project based upon the prorata share you invest. buiding ONE is 70 units and the acquistion price is 4.5 milion buidling two is 40 untis and the acquistion price is 3 million building three is 12 units and the acquistion price is 600,000 THE Buildings will use the latest in green enegy saving technology that will provide more environmentally sustatinable solutions and effficieincies to lower operating costs and reduce the carbon foot print in the area. Propective investors can become a part of the ownership group by making a check out the Chicago Title and Trust company with joint payee of Community Development Associates XIV. Minimum investment amount is $2500.00 , preffered amounts are $25,000 until a maximum of $1,750,000 is reached to acquire all three propeties using leveraged fianancing of 75% loan to value and securing a bank loan for th balance.
Organizer
- affordableliving
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