Our Leadership Team
Find An Advisor
Our Platform
Advisory
Alternatives
Insurance
Specialized Services
Individual Investors
Retirees
Business Owners
Family Offices & Institutions
Doctors
Tenants
Accountants
Open for funding
Banner at Sterling Farms
JACKSON, TN | 240-UNIT, MULTIFAMILY DEVELOPMENT
Requirements
-
3-5 Years
Estimated Hold Period*
$20.7M
Equity Required
$75,000
Minimum Investment
0% Funded
Key Investment Highlights
- 240 unit multifamily development conveniently located near many restaurants, bars, and retail options.
- Located in Jackson, TN a tertiary market along I-40:
85 miles Northeast of Memphis, TN.
120 miles Southwest of Nashville, TN.
45 miles from the new, highly anticipated Ford production complex in Stanton, TN, known as BlueOval City. - Underserved market with low vacancy and no recent developments.
- No other multifamily construction projects currently planned for the area, which should keep occupancy levels and rent growth stable.
- Development will consist of a clubhouse and 11 3-story, garden-style buildings with exterior breezeways.
- Community amenities will include a clubhouse, pool with sundeck, outdoor cooking stations and fire pits, playground, dog park and grooming area and car wash.
- Apartments will offer renters an open concept, affordable, high-quality product with little competition in the area.
Development Information
-
Property Type
Multifamily
-
Property Class
Class A
-
# of Units
240
Deal Highlights
-
Projected Construction Costs
49,440,072
-
Projected Close Date
June 30, 2023
-
Projected Loan Amount
29,664,043
-
Projected LTV
60%
Located in Memphis, TN
116 S 4th Street
Memphis, TN 38103
United States
Invest With Larson Today.
Disclaimer: The information contained herein is for informational purposes only and does not constitute an offer or sale or any form of general solicitation or general advertising of interests in any fund or investment vehicle. Any such offer will only be made in compliance with applicable state and federal securities laws pursuant to offering documents which will be provided to qualified prospective investors upon request. Prospective investors should review the offering documents carefully, which includes important disclosures and risk factors.
Check Out Some
Similar Properties
& Funds
The Montage at Lee’s Summit
OPEN FOR FUNDING! The Montage at Lee’s Summit is a 226-unit build-for-rent community development of townhomes and villas that will incorporate a maintenance-free lifestyle with a blend of traditional living options and new urbanism to create a master planned community unlike anything in its competitive set.