Colorado Springs 2-Asset Cash-Flowing Multifamily Acquisition

gross ann. return*
107 mo.
term remaining
Cash Flowing to Investors
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 107 of 118 mo.
Min. Investment $5,000
Investment Size $640,000
Underlying Security Preferred Equity

Investment Summary

This is an opportunity to invest in the acquisition of two stabilized, cash-flowing multifamily properties located in Colorado Springs. The Sponsor, Vukota Capital Management, purchased the properties in August and September of 2015, both with 10-year fixed rate loans from Freddie Mac. They plan to increase the value of both assets by gradually raising rents and lowering expenses during the term of the investment.

Key Deal Points

Fully Stabilized Cash-Flowing Assets with Strong In-Place Income

Both properties have a track record of consistent strong cash-flow and are both currently more than 95% occupied.

Attractive Senior Financing and Low Investment Basis

Based on the purchase price, the Fundrise Investment has a year 1 LTV of 85% and is senior to more than $1.86 million of equity. In addition, the Sponsor closed on both assets with 10-year fixed-rate senior debt from Freddie Mac.

12% All-Current Annual Projected Cash-Flow

Because the properties are stabilized with healthy revenue and long-term fixed debt in place, the investment is projected to pay investors an annual return of 12% gross which will be distributed all-current on a quarterly basis.

Projected Return Calculator

Gross Annual Return* 12.0%
Term 118 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
Category Assessment Points
Capital Senior to Fundrise 70-79% 4
Capital Junior to Fundrise 10-19% 4
Location Secondary 2
Occupancy Occupied 1
Development Phase Stabilized 1
Sponsor’s Track Record $50-249 million 2
Overall 14 C3

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 LPs 14.6% $1,867,700
Preferred Equity Fundrise Investment 5.0% $640,000
Senior Debt 80.3% $10,251,000
Total 100.0% $12,758,700

Property Summary

Constructed in 1969, Chestnut Springs Apartments consists of 92 total residential units in four three-story apartment buildings with a total net rentable area of approximately 47,472 square feet. Additional amenities at the Property include a swimming pool, picnic area, on-site laundry facilities, and 166 open parking spaces. The Property apartment buildings are wood framed on below grade concrete slabs. 

Address 4315-4331 N. Chestnut St. & 919-935 N. 19th Street
City & State Colorado Springs, CO
Neighborhood Northwest Colorado Springs
Product Type Residential / Multifamily
Project Phase Stabilized / Acquisition

Market Summary

Located in El Paso County and just 60 miles south of Denver, Colorado Springs is the second largest metropolitan area in Colorado. Known for its natural attractions and mild climate, the Springs area experiences 300 days of sunshine annually. The community’s beautiful setting and high quality-of-life has helped to build a growing community of academic, government, high-tech, non-profit, and defense-related businesses.

About the Sponsor

Tom Vukota


Mike Fiorillo


Vukota Capital Management (“VCM”), founded in 2010, is a privately-held investment firm focused exclusively on alternative investments. VCM, as sponsor and on behalf of its clients, invests in opportunistic value-added private real estate transactions in niche sectors that exhibit strong demographic trends and historical resistance to economic downturns.

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Fee Schedule

Gross ann. return* 12.0%
Servicing and administration fee -0.5%
Net ann. return to investors 11.5%

Other Past Investments

DC Luxury Condo Loft Conversion

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

Atlanta Condo Pre-Development Loan

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