A Charlotte Condominium Conversion


Proposed Purchase Price

Proposed Equity Required

Proposed Debt

Targeted Investor IRR

Targeted Equity Multiple

Targeted Stabilized Cash Yield

Targeted Investment Period


$ 7,000,000






Project Highlights

For the opportunity to review this project offering please review and agree to the following terms.

Concrete Facade

The Deal

1. (OZ) Shovel Read 318 unit Development Woodbridge VA.

2. Total project $96,152,600

3. Common Equity required $17mill for 100% of the common equity interest.

4. Developer has 15yrs of experience with similar project type.

5. Rent projections average $2200 per month. (competitively priced for the market)

6. Projected expense is conservatively set at approximately 31% of gross rents before debt service.

7. Construction Hard cost projections are $188 per foot ( realistic for cost in the DC market)

More Info About


THE ARELA PARTNERS  Real Estate and Business Development group has been changing lives Since the year 2000. We have provided our clients with top of the line home development and renovation services that are customized to their specific needs and requirements. 


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