Key data

Project name

Claypond Commons (FULLY FUNDED)

Location

Claypond Commons, Myrtle Beach, South Carolina, USA

Local partner

Beacon Advisors

Category

188 ‘class B’ rental apartments, located in Myrtle Beach, South Carolina (USA) and completed in 2001, after renovation ‘class B+’ in an excellent exposed sight location

Only US$ 45k per unit due to seller ‘distress’, making it well below new construction value and cap rate at purchase was approximately 9%

Very favorable financing conditions with an interest rate of only 4% for 10 years fixed, allowing cash return to 15% in year 3 and 18% in year 5

Projected capital growth ranging between 66% and 106%, depending on maturity of investment (3 to 5 years)

Unique selling points

Good opportunity to increase income through limited renovation and improve management.

Simple structure with direct participation in an American Capital Limited Partnership.

Participation in the Limited Partnership jointly with local partner RW Partners, with which there is already a long-standing relationship and which has itself contributed half of the Equity.

For more information you can reach REALIANCE at +31 (0) 20 21 03 180 or invest@realiance.nl.