The Crest

Capital Raiser Toolkit

This information is confidential and intended solely for disclosure to the individual to whom it is delivered. This document is for informational purposes only and does not constitute an offer or sale of securities and is not a solicitation to purchase securities or make any investment.

PORTFOLIO

506C

Build-to-Rent Single Family Community Development

100-unit single family build-to-rent (BTR) community currently under development at 199 Colorado Rd, Duson, LA. Land development and Horizontal construction complete, and now have started 50 units and have 40 more starts to go. Existing rental units are currently achieving higher than projected rental rates. Stabilization projected in Q1 2025.

Investor Data Room

Webinar

Gallery

Current Status
as of January 2025

Debt option

Seeking Loan of $1M
10% interest annualized for 12-month term
Horizontal phase of construction is complete, 8 units completed and in service as rentals, and team is moving into Vertical development of 90-100 units
Collateralized by Second lien against 8 single family units in the community, already in rental operation (1st lien with Washington State Bank)
Also includes Managing Partner personal guarantee and consent judgement with collateral
Appraised at $1.5M (income value is $1.8M)
Proceeds used as Line of Credit beside a long-term $12.2M construction loan with Arbor Realty to continue building the 90-100 additional units in the development

equity option

Acquire the existing private equity position of $4.5M from current Limited Class investors, including private debt
Partner with Managing Partner (Legacy Acquisitions) to complete building the 90-100 additional units in the development
Current long-term debt with Arbor Realty of $12.2M to complete Vertical Development
Projected value at completion and stabilization of $19.6M - $22.4M