investment


Remaining Time For Funding (Ends on 02/17/2023 06:10 am)

CHESAPEAKE PROJECT

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3546 Chesapeake Ave Los Angeles (View on Google Maps)

INVESTMENT STRATEGY SUMMARY

19 Unit Apartment Complex


For the first investment trial, AMIA Investment will focus on a 19-unit apartment building. This project would be basically our case-study project for the commercial real estate development market. This project is designed with the intention to fulfill multiple objectives. First, assuring investors and the project team can collaborate with each other to bring a development project to life with minimal initial investment from each investor. Second, our partners (investors) can assure the AMIA investment team has the capability to work with multiple resources and perform financial and development feasibility studies. Planning and permitting is currently in the process and the architectural-engineering team is working hard to get the project permit ready in the next 12 month. Due to the small size of the project AMIA team is collaborating with smaller architectural engineering firms and constantly overseeing the quality of the A&E service. During the construction process, the AMIA Investment team of consultants would gain a great experience working with the construction management team and general contractor of the project. A successful multifamily investment project still requires many steps to be taken after completion of the construction. In the competitive Los Angeles rental market area, the asset management cycle should be started prior to the completion of construction. AMIA team will be responsible for hiring experienced asset managers to absorb qualifying tenants and rent out all the available units in the shortest period. We anticipate 12 months of asset management period on this project to stabilize the property income and provide solid valuation metrics on the property value. The final step in the investment life cycle would be asset disposition. AMIA investment in-house consultants would work closely with commercial real estate brokers for asset evaluation, asset document preparation, and advertising procedure. The main intent is to use as many in-house resources as possible to reduce the selling and closing costs on the asset. After the closing, all the costs will be deducted from the selling price and the profit will be distributed between equity partners (investors). It is worth mentioning that we are planning to exponentially increase the size of the investment in future project 1 and future project 2 which will be planned for approximately 100 units and 1000 units, and planning for the development of future project 1 starts as soon as the current project enters the construction phase. The goal is to yield up to 12% profit per year for our investors with the hope that we can scale the same process for future project 1 and for future project 2 afterward.

Project Development Cycle


The Location



Overview of the Apartment Complex


Unit Layout


Interior Features


Amenities


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Details

Funding Date

02/17/2023

Deal size

6M

Investors That Have Reviewed This Project

8

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