Site: 6556 Ravenna Ave NE, Seattle, WA 98115
StoryBuilt is pleased to offer the opportunity to invest up to $5,000,000 of limited partner equity to fund the development activities of 16 townhomes. Investors will receive a 14% fixed preferred return based on an anticipated 18-24 month hold.
INVESTMENT TERMS
14% Annualized Preferred Return
18-24 Months Investment Duration
KEY ASSUMPTIONS
Land Acres: 0.39
Number of Homes: 16
Average Price/Unit: $1,444,000
Updated: 16 May 2022 | 3:00pm CST
| SCHEDULE* | UNITS TO CLOSE | REVENUE |
|---|---|---|
| Q2 2022 | 16 | $19,629,300 |
| TOTAL | 16 | $19,629,300 |
*Estimation subject to change.
Updated: 16 May 2022 | 3:00pm CST
We’re now at 14 units sold out of 16, with an average sales price of $700/sf. We’re scheduled to close out all units in ‘Q2 2022.
