Seattle East Capitol Hill Acquisition and Pre-Development Loan

16.0%
gross ann. return*
0 mo.
term remaining
B
Investment Complete
Current Ann. Return 0.0%
Accrued Ann. Return 16.0%
Gross Ann. Return* 16.0%

Investment Details

Current Ann. Return 0.0%
Accrued Ann. Return + 16.0%
Gross Ann. Return* 16.0%
Term Remaining 0 of 24 mo.
Min. Investment $5,000
Investment Size $1,400,000
Underlying Security Senior Debt

Investment Summary

This is an opportunity to invest in a series of Notes tied to an acquisition and pre-development loan for an 8,800 SF piece of land located at 2100 East Madison Street. The site is on the eastern edge of Seattle’s prominent Capitol Hill neighborhood and currently consists of a soon to be vacant one-story retail building. The sponsor, JCMV Equities, is planning to take the land through the entitlement process with end goal of developing a 50-unit class A apartment building.

Projected Return Calculator

Principal
$5,000
Gross Annual Return* 16.0%
Term 24 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
B3
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 20-29% 3
Location Primary 1
Occupancy Vacant 3
Development Phase Ground-up 3
Sponsor’s Track Record $50-249 million 2
Secured by the Property Yes -1
Overall 11 B3

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
Equity Sponsor and Limited Partner Equity 25.5% $478,864
Senior Debt Fundrise Investment 74.5% $1,400,000
Total 100.0% $1,878,864

Property Summary

The site consists of 8,800 SF of land with a single one-story retail building. Upon completion of the pre-development period, the existing structure will be demolished, allowing for the construction of a 50-unit class A apartment complex. The sponsor plans to complete entitlements, drawings, and permitting by mid-2016. The apartments are anticipated to deliver approximately fourteen months after the groundbreaking in summer 2017 with stabilization six months thereafter.

Address 2100 East Madison Street
City & State Seattle, WA
Neighborhood East Capitol Hill
Product Type Land Acquisition / Planned Multifamily
Project Phase Ground-Up / Pre-Development

Market Summary

Seattle is the largest city in the Pacific Northwest and one of the fastest-growing cities in the United States. The cultural and business center of the region, Seattle and its surrounding areas are the home to Boeing’s aircraft assembly plants, Microsoft, Amazon.com, Costco, Nintendo of America, Starbucks, and the University of Washington, as well as a vibrant arts scene and an excellent park system. Seattle added nearly 50,000 to the MSA in each of the past four years with additional employment gains forecast well into the future driving continued demographic growth.

About the Sponsor

Jim Mueller

Managing Partner

Coert Voorhees

Managing Partner

Established in the fall of 2014, JCMV Equities is the merging of two seasoned real estate companies, JC Mueller LLC and Teichos Terra LLC. The new company is focused on large-scale urban redevelopment that delivers lasting sustainability and long-term value to our investors and city neighborhoods.

View full profile

Fee Schedule

Gross ann. return* 16.0%
Servicing and administration fee -0.3%
Net ann. return to investors 15.7%

Other Past Investments

DC Luxury Condo Loft Conversion

Washington, DC
D
Gross Ann. Return* 15.0%
Term Remaining 0 mo.
Underlying Security Preferred Equity

Atlanta Condo Pre-Development Loan

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