Fundrise 1539 7th Street NW LLC

9.7%
gross ann. return*
term remaining
D
Current Ann. Return
Accrued Ann. Return
Gross Ann. Return* 9.7%

Investment Details

Current Ann. Return
Accrued Ann. Return
Gross Ann. Return* 9.7%
Term Remaining – of –
Min. Investment $5,000
Investment Size $250,000
Security Type Equity

Investment Summary

1539 7th Street NW is a 3,600 square foot building located in the heart of the rapidly growing Shaw neighborhood. Within walking distance of two metro stations, the property is ideally situated between the 1.5 million square feet of development currently underway. WestMill Capital Partners plans to redevelop the property and lease it to a first class restaurant/retail tenant.

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
D2
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 60-69% 3
Capital Junior to Fundrise 10-19% 4
Location Primary 1
Occupancy Vacant 3
Development Phase Value-Add 2
Sponsor’s Track Record Less than $50 million 3
Overall 16 D2

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 15.2% $200,000
Common Equity Fundrise Offering 19.0% $250,000
Senior Debt 65.7% $863,207
Total 100.0% $1,313,207

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 Columbia Heights
Product Type Retail / Restaurant or Bar
Project Phase Value-Add / Cosmetic Renovation

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 preeminent 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

Other Past Investments

Atlanta Condo Pre-Development Loan

Atlanta, GA
B
Gross Ann. Return* 14.0%
Term Remaining 0 mo.
Underlying Security Senior Debt

Brooklyn 3-Unit Apartment Repositioning - Senior Loan

Brooklyn, NY
B
Gross Ann. Return* 11.0%
Term Remaining 0 mo.
Underlying Security Senior Debt