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Open for funding

Flats on Felty

ROCHESTER, MN​ | 234-UNIT MULTIFAMILY DEVELOPMENT

Requirements

  • 3-5 YearsEstimated Hold Period*

  • $15.1MEquity Required

  • $50,000Minimum Investment

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New York city skyline panorama at night. Aerial panoramic view of Manhattan illuminated skyscrapers after the sunset

Key Investment Highlights

  • The Flats on Felty is a 234-unit multifamily development within a 10-minute commute of the Mayo Clinic, which will enable us to offer housing at favorable market rates to the well-compensated and growing healthcare employment sector.
  • Optimally located, the site is 2.5 miles from downtown, close enough for quick commutes yet far enough to be quiet and obtain the benefit of the suburban lifestyle with abundant greenspace.
  • Adjacent amenities include a golf course, park containing mountain bike trails, greenspace, and a baseball/kickball diamond. Immediately across the highway is the Rochester Community and Technical College.
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Development Information

  • Property Type

    Multifamily Development

  • Deal Type

    Opportunistic

  • # of Units

    234

  • Market

    Rochester, MN

Deal Highlights

  • Projected Construction Costs

    $57,102,517

  • Projected Loan Amount

    $33,000,000

  • Projected Close Date

    March 31, 2024

  • Projected LTV

    58%

Located in
Rochester, MN

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Eastwood Rd SE & Felty Ave SE
Rochester, MN 55904
United States

Flats on Felty

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Flats on Felty

EastwoodRoadSoutheast&FeltyAvenueSoutheast
Rochester, MN 55904
United States

Deal Highlights

  • Projected Construction Costs $57,102,517
  • Projected Loan Amount $33,000,000
  • Projected Close Date March 31, 2024
  • Projected LTV 58%
Flats on Felty

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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.

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