RealtyeVest To Fund Camden Crossing Townhomes Near Amazon Fulfillment Center in Jacksonville, FL

President of Northeast Florida Home Builders Association to Build Camden Crossing

New Leaf Communities, in partnership with RealtyeVest, announced plans today to raise capital for the new construction of Camden Crossing, a 35-unit multifamily townhouse development located in thriving northeast Jacksonville, FL. Online retail giant, Amazon, has plans to open a fulfillment center which will add approximately 1,200 new jobs located less than 2 miles away from the planned property. Additionally, Camden Crossing will be located less than 2 miles from River City Marketplace (a large, bustling outdoor shopping center) and Jacksonville International Airport (JIA). Forbes named Jacksonville one of America’s fastest growing cities in 2017. The 1,495 square foot townhouses will have 3 bedrooms, 2.5 baths, single car garages, and will be located on 6.15 acres.

According to Lee Arsenault of New Leaf Communities, Camden Crossing will offer investors an opportunity to earn an above market return while being secured in a hard asset like real estate, including multifamily investments.  Lee is serving as President of the Northeast Florida Home Builders Association and has served as President of the Florida Builders Association. Adding to the extensive experience for New Leaf Communities is Lee’s partner John Latshaw, Jr. John is a highly experienced Ponte Vedra, FL Tax Attorney, developer, and development consultant specializing in small multifamily projects such as Camden Crossing. He and Lee formed New Leaf Communities when market trends indicated more and more people were choosing to delay house purchasing or downsizing and instead opting to rent.

RealtyeVest was chosen exclusively to raise capital for this project due to their powerful real estate crowdfunding platform, which allows individuals to review and invest in real estate online. According to Lee, “After meeting with Dan Summers and his RealtyeVest team, we are convinced of their excellent real estate acumen and that their crowdfunding platform is head and shoulders above any other platform we’ve reviewed.”

The RealtyeVest online platform and social network provide accredited investors unprecedented access to professional-grade real estate. Unlike competitors, RealtyeVest reviews each offering through an extensive due-diligence process and remains actively involved through completion, investing side-by-side with its investors. According to Dan Summers, “New Leaf was able to structure its capital stack to allow investors an annualized overall yield of 10% secured with 1st lien. Investment opportunities for the Camden Crossing project are now open to the public exclusively at the RealtyeVest online marketplace.

 

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10 Things to Consider When Investing in a Real Estate Crowdfunding Deal

Investing in real estate through a crowdfunding platform can be an exciting and lucrative endeavor.  This is especially true for investors who are new to the real estate investing industry.  Since the crowdfunding platform is new and unique to real estate, there are pitfalls in which investors should avoid when attempting to invest in a crowdfunding opportunity for the first time.  These are the top items investors should consider before investing in a crowdfunding opportunity. 

1. Experienced Real Estate Underwriters

As a real estate investor, knowing that a company has knowledgeable real estate underwriters helps ease the burden of wondering if this deal is real or even profitable.  The real estate underwriter’s primary focus is to analyze the deal, identify the risks involved, determine how to eliminate as much risk as possible and structure a deal that results in the best possible outcome. This process will ensure that deals are worthy of investing in.  The main focus of an underwriter is in the financial portion of the deal, it is imperative that the underwriter carefully assess all assumptions to ensure that profitability is achievable and that investors will earn a generous return on their investment.

2. Investment Returns  

As a rule of thumb, if you have extra money sitting around in a retirement account or savings account earning less than 10%, it would be wise to consider real estate to help grow your retirement nest egg.  Crowdfunding platforms can offer exciting opportunities to new investors that were not available to them even a few short years ago. Most crowdfunding platforms offer an annualized 10% yield per deal and some crowdfunding companies offer profit participation as an additional upside to investing in a particular deal.

3. Quality of Sponsor

Having a strong and experienced sponsor is one of the best ways to mitigate risk.  A strong sponsor will understand how to value the property in the initial acquisition phase. Successful sponsors understand what it takes to run a property through the investment cycle from the acquisition, managing the asset during the holding period, then timing the correct moment for selling the asset at its most profitable. Having a sponsor that can demonstrate the qualities will help ensure that the investment is profitable.

4. Quality of Asset

A strong real estate asset is a key to profitability. Depending on the asset class, being located in a highly desirable market contributes greatly to the asset as a whole.  In addition to the market, the asset’s quality can also be determined by trailing financials or rent rolls for example.

5. Cost of Entry

The minimal investment may not be important to some, but others, who just want to test the waters would likely not want to shell out, for example, $25,000 on their very first investment.  Lower minimal investments allow new investors to get a feel for crowdfunding especially if they are new to the platform or crowdfunding as a whole.  Ultimately, smaller minimal investments give investors a chance to find out if real estate crowdfunding is for them in the future.

6. Comprehension

In addition to having professional real estate underwriters analyze the deal, the information or data from the underwriter should be easy to follow and make sense.  An investor should be able to determine if a particular deal is worthwhile or not; simply by the way the information is presented on the offering page.  Advance jargon is sometimes confusing for a novice real estate investor. Real estate investing through crowdfunding should be easy and seamless, and not require an advanced degree of any kind.

7. Getting Paid and How Often

Getting paid should not be a mystery, it should be clearly stated somewhere within the deal.  If you cannot find how often or when you are paid, then likely you should find another deal in invest in all together; because making money is the reason you’re investing in real estate in the first place, right?

8. Exit Strategy

Knowing how and when the investor will get their money back is imperative to any investment opportunity.  A crowdfunding deal should have a clear exit strategy listed within the deal that clearly tells investors how the sponsor intends to repay the initial capital investment; best if in a sequence of easy to follow steps.  If the exit is not listed, you should be able to find out relatively easy from the platform’s customer service team.

9. Crowdfunding Platform

A real estate crowdfundin platform should be easy to navigate. The platforms should be secured and offer an investor every tool they will need to make an informed decision of whether to invest in a deal or not.

10. Fees

A real estate crowdfunding platform is best when they do not charge the investors fees for investing.  It seems kind of silly that an investor who is lending their money should pay to play twice. There are more than enough deals on different platforms that do not charge the investor asset manager or accounting fees. It would be wise to seek those out first, then fall back on investor fee-based platforms when they have an irresistible deal that would be worth paying the fee to invest in that particular deal.

Summary

As you can see, there’s a lot that goes into investing in a crowdfunded real estate deal.  Following these tips will help investors land the perfect deal on any platform regardless of how the platform structures the deal.  

When you are ready to invest, go through t this list to ensure that everything meets your standards as a real estate investor. 

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Online Real Estate Investment: The Monroe House

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Location

The Monroe House is an online real estate investment in the community of Carriere, Mississippi — midway through Pearl River County — located between cities Picayune and Poplarville. The area is known for its growing population, which increased by 6,600 residents from 2000 to 2014, according to the U.S. Census Bureau. From 2010 to 2015, the county also experienced an increase of about 1,500 senior citizens.

Weak Competition

It’s important to note that there is only one identified assisted living facility within the Pearl River County primary market area (PMA) that offers assisted living services. While there are no imminent plans for senior living developments in Carriere, the area represents a large untapped market for investors.

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