Michigan Single Family Home Series

12.0%
gross ann. return*
0 mo.
term remaining
B
Investment Complete
Current Ann. Return 12.0%
Accrued Ann. Return 0.0%
Gross Ann. Return* 12.0%

Investment Details

Current Ann. Return 12.0%
Accrued Ann. Return + 0.0%
Gross Ann. Return* 12.0%
Term Remaining 0 of 12 mo.
Min. Investment $5,000
Investment Size $200,000
Security Type Senior Debt

Investment Summary

This is an opportunity to invest with HRS Communities in a new 2200 square foot home in Berkley, Michigan. Berkley is one of the most desirable places to live in Southeast Michigan. The house will have 4 bedrooms, 2.5 baths, den, two car attached garage. Numerous upgrades will be included. We have acquired the property and are in the demolition process of the existing home. We are targeting new home to be completed by September 2014.

Key Deal Points

Strong sponsor

A local, established developer with over 50 years experience developing and building master plan communities and urban infill projects.

Well established neighborhood

Berkley is a quaint and well established walkable downtown with tree lined streets located in the heart of Oakland County Michigan within minutes of I-696/I-75 and the Woodward Avenue corridor. Berkley in fact is one of the top walkable communities in the state according to Mbike.org. It was also recently ranked the 5th safest city in Michigan among municipalities larger than 10,000 according to Safewise.com. Berkley Schools are ranked amongst the top schools in SE Michigan and includes Norup International School which is part of a network of only 3,500 International Baccalaureate Diploma schools worldwide.

Unique opportunity

New construction opportunities in Berkley are limited and there is a strong demand for homes in the 1800 to 2200 square foot range and this requires in most cases buying an existing home and tearing it down and putting a new home in its place.

Projected Return Calculator

Principal
$5,000
Gross Annual Return* 12.0%
Term 12 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
B2
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 0% 0
Capital Junior to Fundrise 30-39% 2
Location Secondary 2
Occupancy Vacant 3
Development Phase Ground-up 3
Sponsor’s Track Record $250 million or more 1
Secured by the Property Yes -1
Overall 10 B2

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 33.3% $100,000
Senior Debt Fundrise Offering 66.7% $200,000
Total 100.0% $300,000

Property Summary

The property is located at 2409 Ellwood Avenue, Berkley, MI. Within close walking distance of downtown Berkley and Angell Elementary School, this brand new to be constructed home will feature 2200 square feet of living space, 4 bedrooms, 2.5 baths, first floor den, fireplace, hardwood floors throughout, ceramic tile, granite counter tops, premium cabinets, and 9 foot first floor ceilings.

Address 2409 Ellwood Avenue
City & State Berkeley, MI
Neighborhood Detroit Suburb
Product Type Residential / Single Family Home
Project Phase Ground Up / New Home Build

Market Summary

The Berkley housing market remains strong with sales prices up 24% and days on market down 22% compared to one year ago. Demand is strong for new construction in this market with double the amount of homes sold compared to one year ago.

About the Sponsor

Bernie Glieberman

Advisor

Shannon Morgan

Sr. Vice President

Amy Wess

VP Operations

Dan Jankowski

Research Director

Doug Procunier

Business Analyst

HRS Communities is a full-service real estate development company based in Farmington Hills, Michigan that is committed to revitalizing cities by creating diverse and sustainable communities.

View full profile

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