WOODRUFF
IDAHO FALLS, ID
CLOSING DATE
MAY 6, 2022
FUNDED
95%
REMAINING
$250 k
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PROJECT & TIMING
MULTIFAMILY
PROPERTY TYPE
DEVELOPMENT
PROJECT
99
UNITS
2023
YEAR BUILT
5 YEARS
HOLD PERIOD
MAY 6, 2022
CLOSE DATE
18 MONTHS
CAPEX/BUILD DURATION
YEAR 3
REFI YEAR
4.25 %
ENTRY CAP RATE
4.5%
EXIT CAP RATE
$5.23 MM
EQUITY
$20.9 MM
DEBT
$26.13 MM
TOTAL COST
$264 k
COST/UNIT
4.50% | 80%
INT RATE | LTC
16 - 21%
TARGET IRR
2.1x
EQUITY MULTIPLE
$1.5 MM
REFI PROCEEDS
$11.4 MM
SALE PROCEEDS
$20,000
MINIMUM INVESTMENT
CAPITAL STRUCTURE & RETURNS
MARKET & LOCATION
1
LOW VACANCY
In 2021, the average vacancy was 1%
2
HIGH RENT GROWTH
In 2021, average rents increased 21%
3
STRONG JOB GROWTH