Oak and Vine Rise Mountain Ridge
Asset Type: 154 Units
Location: Phoenix, Arizona
Address: 132 E Brown Rd, Mesa, AZ 85201
Purchase Price: $24,250,000
Equity Raise: $12,747,230
Opportunity Type: Multifamily
Minimum Investment: $50,000
Hold Period: 2–5 Years
PROJECTED INVESTOR RETURNS
Equity Multiple: 2.03X
Average Annual Return: 20.7%
Preferred Return: 7.0%
IRR: 16.1%
Planned Distributions and Reporting: Monthly
DEAL TIMELINE
Deal Launch (expected to fully subscribe in 1-2 days): 8/21
PPM Deadline: 9/12
Funding Deadline: 9/12
Closing: 9/30
Rise Mountain Ridge is 154 units, built in 1987. The property is a B+ class asset located in a B+ location of the Phoenix MSA. It offers immense upside with the opportunity to renovate 100% of the classic units and add washers/dryers to 39% of the units.
★ Significant 30%+ discount from what it would have sold for 36 months ago
★ “Mom and Pop” sellers who have owned the property for 26 years
★ Very low basis of $157K/unit
★ Vertical integration reduces execution risk and enhances outcome predictability
★ Conservative low leverage at 69% Loan-to-Value (LTV)
Rise Mountain Ridge
Rise Mountain Ridge - Reserve a Spot : https://oakandvinecapital.fundamentalportal.com/scf/create/P34/SPO_01HYNFERR6XCA1YNVQF5P7KHGP?sessionId=4a51de91-885b-4065-98aa-8468eabbd265&trigger_link=o3lN0F3Vrir6SZXO5hos
Business Plan: https://drive.google.com/file/d/1hJzzof1ZDsu2eqof7tA-dU9whZKAAT7u/view?usp=sharing
Click Here to View Business Plan
Webinar: https://youtu.be/dpp2QY84Ve8
Live Webinar: https://youtu.be/dpp2QY84Ve8
If you have any questions, please feel free to reach out.