Real Estate Crowdfunding Co. Launches Arizona Multifamily Opportunistic Fund to Capitalize on Increasing Number of Distressed Properties
inbusinessPHX.com
Real estate crowdfunding company Neighborhood Ventures has plans to purchase properties from multifamily owners who can’t refinance debt and banks dealing with foreclosures who want to sell at about 30 percent below value. The Arizona Multifamily Opportunistic Fund offers Arizona residents (non-accredited investors) the ability to buy into multifamily properties for as low as $5,000 with a 16 to 20 percent internal rate of return (accredited investors elsewhere in the nation will need a minimum of $50,000). With interest rates spiking, this allows owners to get out of the game so new investors can take over and increase the property values.
