DC Boutique Retail Rehab

8.0%
gross ann. return*
37 mo.
term remaining
C
Cash Flowing to Investors
Current Ann. Return 8.0%
Accrued Ann. Return 0.0%
Gross Ann. Return* 8.0%

Investment Details

Current Ann. Return 8.0%
Accrued Ann. Return + 0.0%
Gross Ann. Return* 8.0%
Term Remaining 37 of 60 mo.
Min. Investment $100
Investment Size $350,000
Security Type Preferred Equity

Investment Summary

1539 7th Street NW, Washington, DC, is currently vacant. The developer, WestMill Capital Partners, plans to lease the building to a local retail or restaurant business. Once a lease is signed, the tenant will begin construction to upgrade the building for their proposed use. Once construction is complete and the tenant is open for business, they will begin paying monthly rent. WestMill estimates that it will take approximately 6 - 9 months to complete the leasing process.

Projected Return Calculator

Principal
$5,000
Gross Annual Return* 8.0%
Term 60 mo.
Total Return*

Fundrise Rating

The Fundrise Rating is a letter rating ranging from A to E that provides investors with the ability to easily compare investments across the Fundrise platform. The Fundrise rating measures the relative risk-adjusted return of an investment. Learn more
C1
A
1
2
3
B
1
2
3
C
1
2
3
D
1
2
3
E
1
2
3
Category Assessment Points
Capital Senior to Fundrise 1-49% 1
Capital Junior to Fundrise 40% or more 1
Location Secondary 2
Occupancy Vacant 3
Development Phase Value-Add 2
Sponsor’s Track Record Less than $50 million 3
Overall 12 C1

The information contained in the Fundrise Rating is for informational purposes only. It is impersonal and not individualized for any specific investor's financial situation and is not investment advice. These ratings are not intended to be, nor should you interpret them to be, a prediction of how a particular investment will actually perform. You should always carefully consider investments in any security and be comfortable with your understanding of the investment. You may also consider consulting investment professionals.

Risk-Adjusted Return

Capital Structure

Type Source % of Total Amount
Common Equity Sponsor, Private Investors 40.6% $676,768
Preferred Equity Fundrise Offering 21.0% $350,000
Senior Debt City First Bank 38.4% $639,000
Total 100.0% $1,665,768

Property Summary

1539 7th Street NW, Washington, DC, is currently vacant. The developer, WestMill Capital Partners, plans to lease the building to a local retail or restaurant business. Once a lease is signed, the tenant will begin construction to upgrade the building for their proposed use. Once construction is complete and the tenant is open for business, they will begin paying monthly rent. WestMill estimates that it will take approximately 6 - 9 months to complete the leasing process.

Address 1539 7th Street NW
City & State Washington, DC
Neighborhood Shaw Neighborhood
Product Type Retail / Local Business
Project Phase Value-Add / Boutique Rehab

Market Summary

Shaw has long been one of the entertainment and cultural hubs of Washington, DC. During the early 20th century the neighborhood was considered the pre-eminent center of African-American intellectual and cultural life, home to residents such as Langston Hughes and Duke Ellington. Bounded by Howard University to the north and the Washington Convention Center to the south, Shaw is home to legendary music and entertainment venues, including The Howard Theatre and 9:30 Club.

About the Sponsor

Benjamin Miller

Managing Principal

Daniel Miller

Managing Principal

Brandon Jenkins

Director of Real Estate

Max Kirschenbaum

Associate

WestMill Capital Partners is a leading real estate investment and development firm in Washington, DC. Focused exclusively on urban mixed-use and retail development, WestMill has a strong track record of creating unique, high-quality destinations.

View full profile

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