Propfunds Fully Funds $850,000 First Trust Deed In Santa Monica
Five-unit apartment complex provides first PropFunds investment opportunity for clients
LOS ANGELES - July 16, 2014 - PRLog -- PropFunds L.P., having just completed its first thirty days in business in the real estate crowdfunding arena, fully funded its first investment opportunity on a five-unit apartment complex in the City of Santa Monica, one of the Southern California region’s hottest real estate markets. The First Trust Deed investment has a loan-to-value (LTV) of 62%, and is anticipated to generate a yield of no less than 9%, paid monthly to its investors.
“We are pleased by the positive response and high level of interest in our first crowdfunding investment opportunity,”
PropFunds L.P. may be new to crowdfunding, but its leadership is made up of seasoned professionals with decades of experience. PropFunds CEO and Founder Jim Aldrich has twenty years of real estate investment experience, and has worked in the industry for twenty-five years. Furthermore, PropFunds’ team of long-term investment advisors has a combined total of more than 150 years of experience in the real estate industry PropFunds is differentiating itself as a sound, reliable alternative for investors in the real estate crowdfunding marketplace.
PropFunds L.P.'s investment advisors have a diverse background in the real estate business with multiple areas of expertise, including multifamily, retail, industrial, office, hospitality and luxury residential real estate, and finance. A list of PropFunds' advisors may be found here: http://propfunds.com/#
PropFunds L.P. is poised to take advantage of properties ranging up to $10 million in market value that would otherwise be ignored by larger institutional investors or “Wall Street” capital. At PropFunds L.P., the goal is to generate higher returns than one may expect from a more traditional investment resource.
Contact: James Aldrich
Ph. (310) 205-8348
Fluctuations in the value of the assets that are the subject of any investment are to be expected. Additional risks exist due to a variety of factors, including, but not limited to, leverage, property operations, business risks, management and environmental liabilities. There is a potential for loss of part or ALL of the investment capital, and each investor should understand that all capital invested may be lost. Investors should only consider these investments if they have no need for liquidity and can bear the risk of losing their entire investment. Actual return may vary from return that is stated. This press release does not constitute an offer to sell or a solicitation of an offer to make an investment (the “Investment”)
Disclaimer: Neither the SEC nor any state securities commission or regulatory authority approved, passed upon or endorsed the merits of this offering. PropFunds' services do not constitute “crowd funding” as described in Title III of the Jumpstart Our Business Startups Act (“JOBS Act”).
23823 Malibu Rd., #50-450, Malibu, CA 90265 (310) 205-8348