Bremerton Mixed-Use Building
Rehabilitation of a Mixed-Use building including 7-units and a commercial space.
Investment Yield: 7.50%
Maturity Date: 2/27/2023
Project Overview
7.50%
Investment Yield
66%
Loan-to-Value
$50,000
Minimum Investment
2/27/2023
Maturity Date
$2,292,000
Loan Amount
$3,480,000
As Completed Value
79%
Loan-to-Cost
7 Doors +
Mixed-Use Rehab
Mixed-Use Investment Opportunity
The project will offer upgraded apartment-style housing for the ever-changing naval shipyard workforce at a competitive price. The builder has over 20 years of experience in the market and brings a solid background of success.
Project
The Bremerton Mixed-Use rehabilitation project highlights a 7-unit apartment configuration along with a 2,200 sqft 1st-floor commercial space. The property is located close to the Puget Sound Naval Shipyard in Bremerton, Washington, and offers great walkability to the Naval Shipyard and regional ferry. It also highlights, a designated parking lot with easy street access.
FAQ’s
Please fill out the form, send us an email at [email protected], or call us at (800) 292-6561 to learn more about the investment opportunity with Trueline Direct.
Once we have received the desired investment amount and entity information, one our team members will follow up with additional participation information
After the accreditation verification and NDA are complete, you will receive an invitation to a deal room specific to the projects that you are interested in investing in.
Yes, returns are distributed monthly via ACH or Check.
Most of the time, yes, but it is loan dependent. There are times when a project goes longer than expected and an extension of the loan terms are required to fulfill the loan commitment to the borrower.
Yes, the extension fees paid by the borrower are shared with the participant’s based on their percentage of ownership in the loan.