EarlyShares' newest real estate investment offering is a fund to acquire multifamily properties in the Philadelphia Metropolitan Area.
Miami, FL (PRWEB) October 16, 2015
EarlyShares, the leading real estate crowdfunding investment platform, has launched a new offering from Investco, a Pennsylvania-based real estate investment firm. The investment opportunity, which features an 8 percent preferred return paid quarterly, gives accredited investors the opportunity to purchase equity shares of a fund to acquire multifamily properties in the Philadelphia metropolitan area.
The Philadelphia Multifamily Fund II deal has an expected 5-year hold period and can be accessed for a minimum investment of $20,000. It features 15.3% estimated IRR and 10 percent estimated cash-on-cash. Investco is raising up to $1.6 million for the fund from investors on EarlyShares.
All properties for Philadelphia Multifamily Fund II have been identified, and the sponsor is investing up to 20% in the fund and personally guaranteeing the loan. The Philadelphia metropolitan area boasts a stable product, with historically high occupancy, and the properties selected pose significant opportunity for rent growth through targeted enhancements.
Accredited investors who are interested in learning more should click here and request access to the investment offering.
Philadelphia Multifamily Fund II is the second commercial real estate capital raise Investco has conducted on the EarlyShares platform. In May, Investco successfully funded a $512,850 transaction for the Philadelphia Residential Fund.
“Our team at Investco is very excited to be returning to EarlyShares to crowdfund our latest real estate deal,” said Jennifer McLean, Managing Member of Investco. “We have deep experience working with multifamily assets in the Philadelphia area, and we’re thrilled to be offering this results-focused fund to investors across the U.S.”
“EarlyShares is committed to working only with highly respected real estate developers, lenders, and investment firms – and Investco is an excellent example,” said Joanna Schwartz, co-founder and CEO of EarlyShares. “We’re glad to call Investco a repeat customer and we look forward to helping them close this capital raise quickly and efficiently through our state-of-the-art platform.”
To browse all current investment opportunities on EarlyShares, click here.
Under current SEC regulations, only accredited investors who are registered users of EarlyShares are able to invest in the Philadelphia Multifamily Fund II deal and other opportunities on EarlyShares. Interested investors can sign up here and fill out an accreditation questionnaire to determine if they are eligible to invest.
EarlyShares is the trusted real estate crowdfunding platform that gives accredited investors direct access to vetted, return driven investments in commercial real estate. Under new securities regulations, EarlyShares streamlines the processes of real estate investing and capital raising to make them more accessible, transparent, and data-driven. Thousands of investors are seeking to invest nearly $300 million on EarlyShares in the next 12 months. For more information or to join the ‘Future of Investing,’ visit EarlyShares.com.
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