Short Story

Important Campaign Details:

  • Overall goal is to raise $14.5M from 50 accredited investors or less to acquire a 296-unit multifamily apartment.
  • Holding entity: New LLC would be formed to hold asset, with OT Equity LLC and Investors as members.
  • Offering Type: Regulation D Rule 506(c) offering
  • Form D Status: Will File.
  • Investors can verify accredited status using https://verifyinvestor.com or by providing letter from his/her attorney to info@otequity.com
  • Investors can send completed PPM to info@otequity.com, view PPM here
  • All investments are made via wire transfer, see funding info here

OT Equity 296-unit Apartment Fund

by Oluwaseun Adeniji

  • $14,500,000.00

    Funding Goal
  • $0.00

    Funds Raised
  • 0

    Days to go
  • Target Goal

    Campaign End Method
Raised Percent :
0%
Minimum amount is $290000 Maximum amount is $ Put a valid number
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Dallas, TX, United States (US)

Oluwaseun Adeniji

1 Campaigns | 0 Loved campaigns

http://otequity.com

See full bio

Campaign Story

OT Equity, LLC is a Texas Limited Liability company with offices in Houston and Dallas and is arranging for the acquisition of a 296-unit apartment building in Houston via loan assumption, by a limited number of investors. The purchase price is $44M

We are seeking a total investment of about $14.5M with a minimum investment of $290,000. Investors receive 80% equity with projected internal rate of return of 33%. Cash flow distributions are made at the end of each calendar year.

Investors should be prepared to leave their money in for a minimum of 3 years, even though there is a possibility to re-finance and repay the investor’s principal before then. If we re-finance or sell the property, investors first receive their principal back, then receive 80% of any profits.

See Full Business Plan here