Arrowpoint is pleased to present The Meridian at Bedford, a fully renovated 85-unit multifamily

asset located at 66 Hawthorne Drive in Bedford, NH. The property was recently converted from an

independent living facility and is currently 100% occupied, generating strong in-place cash flow. The

purchase price is $24,050,000, which will be capitalized by $17,680,000 in senior debt and $7,865,920

in GP/LP equity. Rents are currently 12% below market, offering immediate upside through mark-to-market

adjustments during the first year.

This Class A asset benefits from affluent demographics, with average household income exceeding

$200,000 within a five-mile radius. The business plan anticipates a five-year hold, projecting 15.97%

gross IRR, a 1.96x equity multiple, and 7.41% average cash-on-cash return, which is supported by a

projected Year 5 sale at $30,283,069 and a 5.50% exit cap rate.