+1 (559) 802-0788 daniel@calrov.com

CALROV

Investment Group

CalRov Multifamily Investment Group Is Pleased to announce that CalRov Investment Group and Argonaut Acquisitions are partnering to acquire a 104 Units value add, Spring Brook Lofts Apartment Property.

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Please fill out your information below to get the new updates and opportunity in Investment. First Come, First Served.

*We will never sell or rent your email address to anyone. We value your privacy and would never spam you!

CALROV

Investment Group

CalRov Multifamily Investment Group Is Pleased to announce that CalRov Investment Group and Argonaut Acquisitions are partnering to acquire a 104 Units value add, Spring Brook Lofts Apartment Property.

For Accredited Investors

Offering Details

9.3%

Avg Cash-on-Cash

$1.7 M

Equity

$100,000

Minimum Investment

8.80 M

Purchase Price

104

Units

5 Year

Years Holding Period

For Accredited Investors

SPRING BROOK LOFTS: VALUE – ADD 104 UNIT PROPERTY IN HOUSTON, TX

NOTE: This offering is a 506(C) available ONLY FOR ACCREDITED INVESTORS

INTERIOR RENOVATIONS • Renovate 104 units to realize $50-$100 upside EXTERIOR RENOVATIONS • Upgrade Pool and Clubhouse • Enhance Landscaping ADDITIONAL VALUE ADD • Valet Trash $1/ month/ per unit • Laundry Income $1/ unit/ month • Smart Home Package • Covered Parking
CAP T3 | 6.1% DSCR | 1.46x Purchase Price | $8,800,000 Hold Time | 5 Years Equity Required | $1,700,000 Investor Average CoC | 9.3% Investor Equity Multiple | 2.23% Average Annual Return | 10.3% Internal Rate Of Return (IRR) | 22.06% LTV | 70%
Principal Balance |$6,160,000 Loan To Purchase Price | 70% Interest Rate | 3.13% Months Of I/O Payments | 36 Months Term Of Years | 10 Years Fixed Or Adjustable | Fixed Amortization Period | 30 Years Prepayment | Defeasance Assumption Fee| 1%

Value Real Estate Investment Property

Spring Brook Lofts Apartments With 104 Units Built In 1972, Most Units Have Washer/Dryer Connections, Spacious Floor Plans. The Property has a Large Garden, One Swimming Pool And Fitness Center.

Rapidly Growing Spring Branch Market

DUE TO ITS LOW Business And Living Costs, High Quality Of Life, Job Availability, And Economic Diversity, Spring Branch Has Seen A Nearly 17% Population Growth Since 2010, With The Second Highest Overall Population Growth In The US, Along With The Infrastructure And Job Market Equipped For Major Expansion, The MSA Presents A Phenomenal Opportunity To Live, Work, Play And Invest.

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About Daniel Calderon

About Daniel Calderon

CEO and Founder

Daniel has over 20 years in real estate development, construction and has built a full-service renovation company and network of investors. Experienced in transactional sales, value-add renovation projects, land development, and multifamily acquisitions and development. Now focused on aligning with highly skilled professionals in order to keep up with the opportunities that are emerging as the pandemic gears down and the public opens up again.