Conversion Housing Fund 1 LLC
Transforming Housing with Precision
Project Details
- Regulation A offering seeking investments to acquire 140 room Hotel in Grand Junction Colorado to convert into 121 Luxury Apartments
- Acquiring asset at less than 100k per apartment
- Grand Junction has seen 6% Annual Rent Growth 98% Occupancy Rate in last 5 years with avg rent price of $1262.
- Amenities include swimming pool, fitness center, gazebo and demonstration kitchen.
- Investment Summary
- Equity Raise - $4,000,000 to $12,000,000
Expected term of investment: 1-3 years
Potential 10% return paid annually plus lump sum payout after property is sold - Currently Appraised at over $14,500,000 with $2.5MM built in equity
- Potential sale of 15-18 million which could result in 75%-150% investor ROI
Track the progress of conversion and your investment through an online dashboard. We market property to maximize sales price and accept highest bid and distribute funds 30 days after property close.