Overview
Off Market, discounted 42 unit value add apartment building within a 50 minute commute to Manhattan located near downtown Passaic New Jersey. This asset was purchased in December of 2024 by PCG Fund III LLC (Managed by Peoples Capital Group) and a limited number of spots remain for accredited investors to participate in this exclusive opportunity. Target IRR : 19% Preferred Rate: 8% IRR Investment Length : 5 years Refinance Target: 80% of capital returned at month 37 Cash Flow Begins : Quarter 1 of ownership Target Equity Multiple: 1.9X Minimum Investment : $50,000
Accepted Investors
Accredited
Qualified Purchaser
Family Office
Institutional
Raise Close Date
12/30/2024
Regulation Type
506C
Deal Type
Syndication
Asset Location(s)
New Jersey
Asset Class(es)
Multifamily