Offering Summary
Site: 1600 S 1st St, Austin, TX 78704
- Preferred Return – 10% per year
- Up to 2,400 Class A units at $5,000 per unit
- Minimum 10 units ($50,000) per investor
- 5% Preferred Returns are paid quarterly and remaining 5% is accrued till end of the project
Distributions Waterfall of Net Available Cash Flow from 1600 Condo Closings
1600 South First, LP Net Available Cash Flow will be distributed in the following order:
- 2/3 to 1600 South First, LP Class A limited partners and 1/3 to PSW Real Estate, LLC.
- 1600, LP Class A distributions will include return of capital and all accrued unpaid preferred return associated with the returned capital.
- PSW Real Estate, LLC repayment will not include a preferred return just return of capital.
