ADD EXHB 6 nvre_ex15z2.htm PRIOR PERFORMANCE TABLES

Table I. Experience Raising Funds

 

 

 

Offerings Closed Within the Last Three Years

 

 

 

 

 

 

 

 

 

 

Venture at
Villa Hermosa

Venture at
Mountain View

Venture on
Williams

 

 

Project One

Project Two

Project Three

Date Offering Closed

9/24/2020

4/2/2021

5/4/2021

Duration of Offering in Months

  9

  7

  3

Months to Invest 90% of Amount Raised

  9

  6

  1

Amount Offered

 $ 1,000,000

 $ 1,000,000

 $ 1,100,000

Amount Raised

 $ 1,000,000

 $ 1,000,000

 $ 1,083,000

Deductions

 

 

 

 

Selling commissions retained by affiliates

 $ 0

 $ 0

 $ 0

 

Organizational and Offering Expenses

 $ 39,286

 $ 48,859

 $ 16,489

 

Reserves

 $ 113,000

 $ 115,000

 $ 115,000

Amount Available for Investment

 $ 0

 $ 0

 $ 0

Acquisition Cost

 

 

 

 

Purchase Price of Real Estate

 $ 2,450,000

 $ 2,730,000

 $ 3,000,000

 

Cost of Renovations and Improvements

 $ 560,000

 $ 362,000

 $ 715,000

 

Acquisition Fees**

 $ 60,000

 $ 60,000

 $ 66,000

Debt

 $ 1,837,500

 $ 2,052,000

 $ 2,134,000

Percent Leverage

  75%

  75%

  71%

 

 

 

Venture on
19th

Venture on
Elden

Venture on
Broadway

 

 

Project Four

Project Five

Project Six

Date Offering Closed

4/27/2021

6/8/2021

12/14/2021

Duration of Offering in Months

  2

  3

  8

Months to Invest 90% of Amount Raised

  1

  1

  2

Amount Offered

 $ 1,400,000

 $ 1,500,000

 $ 1,000,000

Amount Raised

 $ 1,400,000

 $ 1,500,000

 $ 1,000,000

Deductions

 

 

 

 

Selling commissions retained by affiliates

 $ 0

 $ 0

 $ 0

 

Organizational and Offering Expenses

 $ 76,926

 $ 974

 $ 85,799

 

Reserves

 $ 110,000

 $ 30,000

 $ 145,000

Amount Available for Investment

 $ 0

 $ 0

 $ 0

Acquisition Cost

 

 

 

 

Purchase Price of Real Estate

 $ 4,500,000

 $ 3,200,000

 $ 1,560,000

 

Cost of Renovations and Improvements

 $ 160,200

 $ 560,000

 $ 950,000

 

Acquisition Fees

 $ 84,000

 $ 90,000

 $ 60,000

Debt

 $ 2,850,000

 $ 2,200,000

 $ 798,391

Percent Leverage

  63%

  69%

  51%

 

 

 

 

*Properties are currently under renovation, value provided is projected total cost


 

 

 

 

Venture on
Country Club

Venture on
Central

Venture at
Route 66

 

 

Project Seven

Project Eight

Project Nine

Date Offering Closed

12/10/2021

3/28/2022

4/8/2022

Duration of Offering in Months

  6

  1

  1

Months to Invest 90% of Amount Raised

  5

  1

  1

Amount Offered

 $ 3,500,000

 $ 1,525,000

 $ 1,600,000

Amount Raised

 $ 3,500,000

 $ 1,525,000

 $ 1,600,000

Deductions

 

 

 

 

Selling commissions retained by affiliates

 $ 0

 $ 0

 $ 0

 

Organizational and Offering Expenses

 $ 237,525

 $ 67,467

 $ 66,879

 

Reserves

 $ 500,000

 $ 270,000

 $ 80,000

Amount Available for Investment

 $ 0

 $ 0

 $ 0

Acquisition Cost

 

 

 

 

Purchase Price of Real Estate

 $ 13,200,000

 $ 5,000,000

 $ 2,950,000

 

Cost of Renovations and Improvements

 $ 1,580,000

 $ 660,000

 $ 528,000

 

Acquisition Fees

 $ 446,713

 $ 158,967

 $ 162,880

Debt

 

 $ 10,400,000

 $ 3,875,000

 $ 1,750,000

Percent Leverage

  79%

  78%

  59%

 

 

 

Venture on
12th Place

Venture on
36th

 

 

 

Project Ten

Project Eleven

 

Date Offering Closed

9/13/2022

3/25/2024

 

Duration of Offering in Months

  4

  10

 

Months to Invest 90% of Amount Raised

  3

  3

 

Amount Offered

 $ 2,000,000

 $ 1,750,000

 

Amount Raised

 $ 2,000,000

 $ 1,740,000

 

Deductions

 

 

 

 

Selling commissions retained by affiliates

 $ 139,444

  0

 

 

Organizational and Offering Expenses

 $ 0

  0

 

 

Reserves

 $ 340,000

 $ 380,000

 

Amount Available for Investment

 $ 0

 

 

Acquisition Cost

 

 

 

 

Purchase Price of Real Estate

 $ 6,650,000

 $ 4,800,000

 

 

Cost of Renovations and Improvements

 $ 1,350,000

 $ 750,000

*

 

Acquisition Fees

 $ 259,444

 $ 104,400

 

Debt

 

 $ 4,975,000

 $ 4,330,000

 

Percent Leverage

  75%

  90%

 

 

 

 

 

 

 

*Properties are currently under renovation, value provided is projected total cost

 


 

Table II. Compensation to Sponsor During Last Three Years

 

 

 

Venture at
Villa Hermosa

Venture at
Mountain View

Venture on
Williams

 

 

Project One

Project Two

Project Three

Date Offering Closed

9/24/2020

4/2/2021

5/4/2021

Amount Raised

 $ 1,000,000

 $ 1,000,000

 $ 1,100,000

Fees Paid to Sponsor from Offering Proceeds

 

 

 

 

Acquisition Fees

 $ 60,000

 $ 60,000

 $ 66,000

 

Real Estate Commissions

 $ 0

 $ 0

 $ 0

 

Reimbursement of Expenses

 $ 0

 $ 0

 $ 0

 

Other

 $ 0

 $ 0

 $ 0

Fees Paid to Sponsor from Operations

 

 

 

 

Property Management Fees

  -

  -

  -

 

Partnership Management Fees

  -

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

  -

 

Reimbursement of Expenses

  -

  -

  -

 

Leasing Commissions

  -

  -

  -

 

Other

  -

  -

  -

Gross Sales and Refinancings of Property

  -

  -

  -

Fees Paid to Sponsor from Sales and Refinancings

  -

  -

  -

 

Commissions

  -

  -

  -

 

Disposition Fees

 $ 30,000

 $ 30,000

 $ 33,000

 

Distributions of "Promoted Interest"

 $ 307,981

 $ 0

 $ 834,883

 

Other

 

 

 

 

 

 

Venture on
19th

Venture on
Elden

Venture on
Broadway

 

 

Project Four

Project Five

Project Six

Date Offering Closed

4/27/2021

6/8/2021

12/14/2021

Amount Raised

 $ 1,400,000

 $ 1,500,000

 $ 1,000,000

Fees Paid to Sponsor from Offering Proceeds

 

 

 

 

Acquisition Fees

 $ 84,000

 $ 90,000

 $ 60,000

 

Real Estate Commissions

 $ 0

 $ 0

 $ 0

 

Reimbursement of Expenses

 $ 0

 $ 0

 $ 0

 

Other

 $ 0

 $ 0

 $ 0

Fees Paid to Sponsor from Operations

 

 

 

 

Property Management Fees

  -

  -

  -

 

Partnership Management Fees

  -

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

  -

 

Reimbursement of Expenses

  -

  -

  -

 

Leasing Commissions

  -

  -

  -

 

Other

  -

  -

  -

Gross Sales and Refinancings of Property

  -

  -

  -

Fees Paid to Sponsor from Sales and Refinancings

  -

  -

  -

 

Commissions

  -

  -

  -

 

Disposition Fees

 $ 42,000.00

  -

  -

 

Distributions of "Promoted Interest"

  1,461,840.00

  -

  -

 

Other

 

 

 


 

 

 

 

Venture on
Country Club

Venture on
Central

Venture at
Route 66

 

 

Project Seven

Project Eight

Project Nine

Date Offering Closed

12/10/2021

3/28/2022

4/8/2022

Amount Raised

 $ 3,500,000

 $ 1,525,000

 $ 1,600,000

Fees Paid to Sponsor from Offering Proceeds

 

 

 

 

Acquisition Fees

 $ 210,000

 $ 91,500

 $ 96,000

 

Real Estate Commissions

 $ 0

 $ 0

 $ 0

 

Reimbursement of Expenses

 $ 0

 $ 0

 $ 0

 

Other

 $ 0

 $ 0

 $ 0

Fees Paid to Sponsor from Operations

 

 

 

 

Property Management Fees

  -

  -

  -

 

Partnership Management Fees

  -

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

  -

 

Reimbursement of Expenses

  -

  -

  -

 

Leasing Commissions

  -

  -

  -

 

Other

  -

  -

  -

Gross Sales and Refinancings of Property

  -

  -

  -

Fees Paid to Sponsor from Sales and Refinancings

  -

  -

  -

 

Commissions

  -

  -

  -

 

Disposition Fees

  -

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

  -

 

Other

 

 

 

 

 

 

Venture on
12th Place

Venture on
36th

 

 

Project Ten

Project Eleven

Date Offering Closed

9/13/2022

3/25/2024

Amount Raised

 $ 2,000,000

 $ 1,740,000

Fees Paid to Sponsor from Offering Proceeds

 

 

 

Acquisition Fees

 $ 120,000

 $ 104,400

 

Real Estate Commissions

 $ 0

 $ 0

 

Reimbursement of Expenses

 $ 0

 $ 0

 

Other

 $ 0

 $ 0

Fees Paid to Sponsor from Operations

 

 

 

Property Management Fees

  -

  -

 

Partnership Management Fees

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

 

Reimbursement of Expenses

  -

  -

 

Leasing Commissions

  -

  -

 

Other

  -

  -

Gross Sales and Refinancings of Property

  -

  -

Fees Paid to Sponsor from Sales and Refinancings

  -

  -

 

Commissions

  -

  -

 

Disposition Fees

  -

  -

 

Distributions of "Promoted Interest"

  -

  -

 

Other

 

 


 

Table III. Operating Results

 

 

 

 

 

 

 

 

Operating Results for 2018

Venture on
Wilson

Venture on
Marlette

 

 

 

Project One

Project Two

 

Gross Operating Income

 $ 24,136 

 $ - 

 

Tax Deductions

 $ - 

 $ - 

 

Taxable Income from operations

 $ - 

 $ - 

 

Net Cash From Operations

 $ (355)

 $ (14.00)

 

Gains from Sales of Property

 $ - 

 $ - 

 

Net Cash From Property Sales

 $ - 

 $ - 

 

Net Cash from Refinancing of Property

 $ - 

 $ - 

 

Distributions to Investors Per $10,000 Invested

 $ - 

 $ - 

 

 

Return of Capital

 $ - 

 $ - 

 

 

From Operations

 $ - 

 $ - 

 

 

From Sales

 $ - 

 $ - 

 

 

From Refinancings

 $ - 

 $ - 

 

 

 

 

 

 

Operating Results for 2019

Venture on
Wilson

Venture on
Marlette

Venture on
66th

 

 

Project One

Project Two

Project Three

Gross Operating Income

 $ 87,723

 $ 4,275 

 $ 24,415

Tax Deductions

 $ -

 $ - 

 $ -

Taxable Income from operations

 $ 36,039

 $ - 

 $ 3,155

Net Cash From Operations

 $ 36,039

 $ (11,571)

 $ 3,155

Gains from Sales of Property

 $ -

 $ - 

 $ -

Net Cash From Property Sales

 $ -

 $ - 

 $ -

Net Cash from Refinancing of Property

 $ -

 $ - 

 $ -

Distributions to Investors Per $10,000 Invested

 $ 50

 $ - 

 $ -

 

Return of Capital

 $ -

 $ - 

 $ -

 

From Operations

 $ 50

 $ - 

 $ -

 

From Sales

 $ -

 $ - 

 $ -

 

From Refinancings

 $ -

 $ - 

 $ -

 

 

 

 

 

Operating Results for 2020

Venture on
Wilson

Venture on
Marlette

Venture on
66th

 

 

Project One

Project Two

Project Three

Gross Operating Income

 $ 149,322

 $ 28,883 

 $ 179,372

Tax Deductions

 $ 123,245

 $ 34,927 

 $ -

Taxable Income from operations

 $ 89,069

 $ - 

 $ 87,881

Net Cash From Operations

 $ 89,069

 $ (7,075)

 $ 87,881

Gains from Sales of Property

 $ -

 $ - 

 $ 417,171

Net Cash From Property Sales

 $ -

 $ - 

 $ 307,827

Net Cash from Refinancing of Property

 $ 126

 $ 77,205 

 $ 48,282

Distributions to Investors Per $10,000 Invested

 $ 600

 $ - 

 $ 12,074

 

Return of Capital

 $ -

 $ - 

 $ 10,000

 

From Operations

 $ 600

 $ - 

 $ -

 

From Sales

 $ -

 $ - 

 $ 2,074

 

From Refinancings

 $ -

 $ - 

 $ -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating Results for 2020

Venture at
Villa Hermosa

Venture at
Mountain View

 

 

 

Project Four

Project Five

 

Gross Operating Income

 $ 77,998

 $ 21,969

 

Tax Deductions

 $ 115,213

 $ 3,499

 

Taxable Income from operations

 $ 51,146

 $ 13,701

 

Net Cash From Operations

 $ 51,146

 $ 13,701

 

Gains from Sales of Property

 $ -

 $ -

 

Net Cash From Property Sales

 $ -

 $ -

 

Net Cash from Refinancing of Property

 $ -

 $ -

 

Distributions to Investors Per $10,000 Invested

 $ -

 $ -

 

 

Return of Capital

 $ -

 $ -

 

 

From Operations

 $ -

 $ -

 

 

From Sales

 $ -

 $ -

 

 

From Refinancings

 $ -

 $ -

 

 

 

 

 

 

Operating Results for 2021

Venture on
Wilson

Venture on
Marlette

Venture at
Villa Hermosa

 

 

Project One

Project Two

Project Four

Gross Operating Income

 $ 51,393

 $ 71,637

 $ 181,565

Tax Deductions

 $ -

 $ -

 $ 77,637

Taxable Income from operations

 $ -

 $ 32,835

 $ 102,875

Net Cash From Operations

 $ (17,754)

 $ 32,835

 $ 102,875

Gains from Sales of Property

 $ 406,242

 $ 1,180,528

 $ 472,639

Net Cash From Property Sales

 $ 236,613

 $ 131,671

 $ 307,981

Net Cash from Refinancing of Property

 $ -

 $ -

 $ 1,650

Distributions to Investors Per $10,000 Invested

 $ 14,680

 $ 13,313

 $ 12,234

 

Return of Capital

 $ 10,000

 $ 10,000

 $ 10,000

 

From Operations

 $ 150

 $ 150

 $ -

 

From Sales

 $ 4,530

 $ 3,163

 $ 2,234

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  0%

  0%

  0%

 

 

 

 

Operating Results for 2021

Venture at
Mountain View

Venture on
Williams

Venture on
19th

 

 

Project Five

Project Six

Project Seven

Gross Operating Income

 $ 191,954

 $ 157,047

 $ 249,815

Tax Deductions

 $ 97,887

 $ 74,251

 $ -

Taxable Income from operations

 $ 100,120

 $ 101,284

 $ 135,013

Net Cash From Operations

 $ 100,120

 $ 101,284

 $ 135,013

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ 600

 $ -

 $ 300

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ 600

 $ -

 $ 300

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

 

 

 

 

 

 

 

 


Operating Results for 2021

Venture on
Elden

Venture on
Broadway

Venture on
Country Club

 

 

Project Eight

Project Nine

Project Ten

Gross Operating Income

 $ 72,607

 $ 32,655

 $ 54,900

Tax Deductions

 $ -

 $ -

 $ 217,692

Taxable Income from operations

 $ 40,877

 $ -

 $ -

Net Cash From Operations

 $ 40,877

 $ (16,260)

 $ (94,987)

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ -

 $ -

 $ 50

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ -

 $ -

 $ 50

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

Operating Results for 2022

Venture at
Mountain View

Venture on
Williams

Venture on
19th

 

 

Project Five

Project Six

Project Seven

Gross Operating Income

 $ 290,524

 $ 344,946

 $ 249,815

Tax Deductions

 $ 107,443

 $ 115,143

 $ -

Taxable Income from operations

 $ 186,447

 $ 230,619

 $ 135,013

Net Cash From Operations

 $ 186,447

 $ 230,619

 $ 135,013

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ 600

 $ 550

 $ 12,534

 

Return of Capital

 $ -

 $ -

 $ 10,000

 

From Operations

 $ 600

 $ 550

 $ 300

 

From Sales

 $ -

 $ -

 $ 2,234

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  0%

 

 

 

 

Operating Results for 2022

Venture on
Elden

Venture on
Broadway

Venture on
Country Club

 

 

Project Eight

Project Nine

Project Ten

Gross Operating Income

 $ 111,457

 $ 84,409

 $ 1,318,088

Tax Deductions

 $ -

 $ -

 $ 567,405

Taxable Income from operations

 $ 24,499

 $ -

 $ 638,321

Net Cash From Operations

 $ 24,499

 $ (2,401)

 $ 638,321

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ -

 $ -

 $ 550

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ -

 $ -

 $ 550

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

 

 

 

 


Operating Results for 2022

Venture on
Central

Venture at
Route 66

Venture on
12th Place

 

 

Project Eight

Project Nine

Project Ten

Gross Operating Income

 $ 33,880

 $ 20,844

 $ 45,584

Tax Deductions

 $ -

 $ -

 $ -

Taxable Income from operations

 $ -

 $ -

 $ -

Net Cash From Operations

 $ (14,693)

 $ (8,005)

 $ (20,611)

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ -

 $ -

 $ 50

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ -

 $ -

 $ 50

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

Operating Results for 2022

Venture on
36th

 

 

 

 

Project Eight

 

 

Gross Operating Income

 $ -

 

 

Tax Deductions

 $ -

 

 

Taxable Income from operations

 $ -

 

 

Net Cash From Operations

 $ -

 

 

Gains from Sales of Property

 $ -

 

 

Net Cash From Property Sales

 $ -

 

 

Net Cash from Refinancing of Property

 $ -

 

 

Distributions to Investors Per $10,000 Invested

 $ -

 

 

 

Return of Capital

 $ -

 

 

 

From Operations

 $ -

 

 

 

From Sales

 $ -

 

 

 

From Refinancings

 $ -

 

 

Amount Remaining Invested

  100%

 

 

 

 

 

 

Operating Results for 2023

Venture at
Mountain View

Venture on
Williams

Venture on
36th

 

 

Project Five

Project Six

Project Eight

Gross Operating Income

 $ 319,449

 $ 70,225

 $ 109,948

Tax Deductions

 $ 103,065

 $ 14,907

 $ -

Taxable Income from operations

 $ 143,939

 $ 39,754

 $ 44,998

Net Cash From Operations

 $ 143,939

 $ 39,754

 $ 44,998

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ 600

 $ 11,899

 $ -

 

Return of Capital

 $ -

 $ 10,000

 $ -

 

From Operations

 $ 600

 $ 100

 $ -

 

From Sales

 $ -

 $ 1,799

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

 

 

 

 

 

 

 

 


Operating Results for 2023

Venture on
Elden

Venture on
Broadway

Venture on
Country Club

 

 

Project Eight

Project Nine

Project Ten

Gross Operating Income

 $ 366,028

 $ 160,797

 $ 1,610,023

Tax Deductions

 $ -

 $ -

 $ 579,169

Taxable Income from operations

 $ 203,093

 $ -

 $ 727,133

Net Cash From Operations

 $ 203,093

 $ 115,317

 $ 727,133

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ 600

 $ -

 $ 550

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ 600

 $ -

 $ 550

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%

 

 

 

 

Operating Results for 2023

Venture on
Central

Venture at
Route 66

Venture on
12th Place

 

 

Project Eight

Project Nine

Project Ten

Gross Operating Income

 $ 351,263

 $ 143,461

 $ 218,290

Tax Deductions

 $ -

 $ -

 $ 217,692

Taxable Income from operations

 $ 233,561

 $ 44,449

 $ 99,105

Net Cash From Operations

 $ 233,561

 $ 44,449

 $ 99,105

Gains from Sales of Property

 $ -

 $ -

 $ -

Net Cash From Property Sales

 $ -

 $ -

 $ -

Net Cash from Refinancing of Property

 $ -

 $ -

 $ -

Distributions to Investors Per $10,000 Invested

 $ -

 $ -

 $ 50

 

Return of Capital

 $ -

 $ -

 $ -

 

From Operations

 $ -

 $ -

 $ 50

 

From Sales

 $ -

 $ -

 $ -

 

From Refinancings

 $ -

 $ -

 $ -

Amount Remaining Invested

  100%

  100%

  100%


 

Table IV. Completed Programs

 

 

Programs that Have Completed Operations Within the Last Five Years

 

 

 

 

 

 

 

Venture on
Wilson

Venture on
Marlette

Date Offering Closed

5/31/2018

12/21/2018

Amount Offered and Raised

 $ 500,000

 $ 597,000

Cost of Real Estate Purchased

 $ 1,200,000

 $ 1,600,000

Cost of Renovations

 $ 267,000

 $ 946,000

Date Property Was Sold

4/13/2021

4/20/2021

Net Proceeds of Sale

 $ 2,100,000

 $ 3,562,000

Total Distributions to Investors Per $10,000 Invested*

 $ 13,819

 $ 13,013

IRR To Investors Over Life of Program

  12%

  12%

 

 

 

 

*These are projections under the assumption that said investor invested on offering close date

 

 

 

Venture on
66th

Venture at
Villa Hermosa

Date Offering Closed

7/2/2019

9/4/2020

Amount Offered and Raised

 $ 550,000

 $ 1,000,000

Cost of Real Estate Purchased

 $ 1,025,000

 $ 2,450,000

Cost of Renovations

 $ 300,000

 $ 560,000

Date Property Was Sold

12/31/2020

10/21/2021

Net Proceeds of Sale

 $ 2,100,000

 $ 3,920,000

Total Distributions to Investors Per $10,000 Invested*

 $ 11,855

 $ 11,364

IRR To Investors Over Life of Program

  12%

  12%

 

 

 

 

*These are projections under the assumption that said investor invested on offering close date

 

 

 

Venture on
19th

 

Date Offering Closed

5/21/2021

 

Amount Offered and Raised

 $ 1,400,000

 

Cost of Real Estate Purchased

 $ 4,500,000

 

Cost of Renovations

 $ 0

 

Date Property Was Sold

12/15/2022

 

Net Proceeds of Sale

 $ 6,765,000

 

Total Distributions to Investors Per $10,000 Invested*

 $ 12,077

 

IRR To Investors Over Life of Program

  12%

 

 

 

 

 

*These are projections under the assumption that said investor invested on offering close date


 

Table V. Sales of Property Within Last Three Years

 

 

 

 

 

 

 

 

 

 

 

 

 

Venture on
Wilson

Venture on
Marlette

Venture on
66th

Venture at
Villa Hermosa

Venture on
19th

 

 

 

 

 

 

 

Date Property Purchased

7/20/2018

1/4/2019

6/21/2019

3/16/2020

5/21/2021

Date Property Sold

4/13/2021

4/20/2021

5/21/2021

12/15/2022

12/15/2022

Sold to Related Party

Yes*

No

No

No

No

Total Cost of Property, Including Improvements

 $ 1,467,000

 $ 2,546,000

 $ 1,325,000

 $ 3,010,000

 $ 4,500,000

Gross Selling Price of Property

 $ 2,100,000

 $ 3,562,000

 $ 2,100,000

 $ 3,920,000

 $ 6,765,000

Net Proceeds After Costs

 $ 236,613

 $ 131,671

 $ 307,827

 $ 307,981

 $ 1,461,840

Original Mortgage Financing

 $ 992,200

 $ 1,350,000

 $ 830,000

 $ 2,325,000

 $ 2,850,000

Mortgage Balance At Time of Sale

 $ 1,050,000

 $ 1,525,541

 $ 1,000,000

 $ 2,283,392

 $ 2,887,059

Mortgage Taken Back by Seller

 $ -

 $ -

 $ -

 $ -

 $ -

*Venture on Wilson was sold to the Interior Designer for Neighborhood Ventures

 

 

 $ -

 $ -


 

Table VI. Purchases of Property Within Last Three Years

 

 

 

 

 

 

 

 

 

Venture at
Villa Hermosa

Venture at
Mountain View

Venture on
Williams

 

 

Project One

Project Two

Project Three

Date Property Purchased

3/16/2020

12/11/2020

4/9/2021

Type of Property

MultiFamily

MultiFamily

MultiFamily

Gross Leaseable Square Feet

 

 

 

Total Cost of Property, Including Improvements

 $ 3,010,000

 $ 3,095,000

 $ 3,714,500

Mortgage Financing

 $ 1,837,500

 $ 2,052,000

 $ 2,134,000

 

 

 

 

 

 

Venture on
19th

Venture on
Elden

Venture on
Broadway

 

 

Project Four

Project Five

Project Six

Date Property Purchased

5/21/2021

4/30/2021

7/1/2021

Type of Property

MultiFamily

MultiFamily

Retail

Gross Leaseable Square Feet

 

 

 

Total Cost of Property, Including Improvements

 $ 4,661,500

 $ 3,776,000

 $ 2,960,000

Mortgage Financing

 $ 2,850,000

 $ 2,200,000

 $ 798,391

 

 

 

 

 

 

Venture on
Country Club

Venture on
Central

Venture at
Route 66

 

 

Project Seven

Project Eight

Project Nine

Date Property Purchased

8/12/2021

4/22/2022

5/18/2022

Type of Property

MultiFamily

MultiFamily

MultiFamily

Gross Leaseable Square Feet

 

 

 

Total Cost of Property, Including Improvements

 $ 4,825,000

 $ 5,660,000

 $ 3,478,000

Mortgage Financing

 $ 10,400,000

 $ 3,875,000

 $ 1,750,000

 

 

 

 

 

 

Venture on
12th Place

Venture on
17th

Venture on
36th Street

 

 

Project Ten

 

 

Date Property Purchased

7/29/2022

3/15/2023

7/7/2023

Type of Property

MultiFamily

MultiFamily

MultiFamily

Gross Leaseable Square Feet

 

 

 

Total Cost of Property, Including Improvements

 $ 8,000,000

 $ 7,150,000

 $ 5,550,000

Mortgage Financing

 $ 4,975,000

 $ 4,037,000

 $ 4,330,000