Investor
926 Stratford · The Tennessean
Spec build · Sweetwater, TN · $430,250 raise · 18 month term
Deal summaryActive · 8 inquiries
Project
The Tennessean is a 1,784 SF single-family spec build on a 0.34 acre lot in Sweetwater. Stratford Custom Homes is the operator. The lot is owned by the LLC raising capital here. Permits are filed and approved. Construction is scheduled to start within 30 days of full raise.
Sweetwater, TN 37874 · McMinn County
Returns waterfall
| Tier | Recipient | Split | Notes |
|---|---|---|---|
| 1 | LP capital return | 100% to LPs | Until full return of contributions |
| 2 | LP preferred return | 100% to LPs | Until 9% cumulative preferred met |
| 3 | Promote | 75 / 25 | LPs / GP through 15% IRR |
| 4 | Carried | 60 / 40 | LPs / GP above 15% IRR |
Builder