The 360-unit property operations are structured to support initial distributions of 4.69% backed by $2,173,049 in master tenant improvement reserves under a 1.03x DSCR.
Ongoing fee rates
Disposition Fee7.50%
Disposition Fee
7.50%
Strengths
- Master tenant improvement reserve of $2,173,049 provides liquidity
- 360 units provide tenant diversification
Concerns
- 1.03x initial DSCR creates tight operating margin
- Specific historical property NOI and occupancy are not disclosed