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-PAST PROJECTS-
"Live where you want but...
Invest where the numbers make sense"
-Lane Kawaoka, CEO Crowdfund Aloha, Resident of Honolulu, Hawaii
Gulfport, Mississippi
80-Units, Class-C+ Apartment, Built 1984
$3.5M (+$280,000 of Value-Add Renovations)
Debt: Assumable Fannie Mae Non-Recourse
Why I invested: Solid Yield play with value add. B+/A- location. Emerging market with impact to port. Market rents have been proved by our other Southern Pines deal which is getting the projected rents. We plan to use the same property management team.
Gulf Shores, Alabama
207-Units, 5 Class-C Mobile Home Parks
$4.8M (+$200,000 of Value-Add Renovations)
Debt: Fannie Mae Non-Recourse 10-year
Why I invested: Income play, Mobile home park asset class
El Paso, Texas
309-Units, Class-C+ Apartment, Built 1963
$14.5M (+$850,000 of Value-Add Renovations)
Debt: Non-recourse bridge loan, 3 year initial term, w/ 2-yr extensions
Why I invested: Small assumption in rent bumps (only 3% from current rents), Off-market direct from seller, emerging market
Greenville, Texas
176-Units, Class-A Apartment, Built 2018
$22M (+$530,000 of Value-Add Renovations)
Debt: Non-Recourse, Fannie Mae 4.27%, 30-Year Amortization, 12-year term
Why I invested: Long term asset - Brand new property – newer asset with returns of B/C deal, 13 acres on developable land - 40% ROI from start - $5 SF - w/ conservative underwriting for new market (8% economic vacancy) (2% rent increases & DFW growth to north)
Lake Charles, Louisiana
New development of 6 buildings: 3 assisted living, 2 memory care and administration building. Total of 80 residents.
$12.4M
Why I invested: Emerging asset class and emerging market
Gulfport, Mississippi
101-Units, Class-C+ Apartment, Built 1970
$4.8M (+$200,000 of Value-Add Renovations)
Debt: Fannie Mae Non-Recourse 10-year
Why I invested: Solid Yield play with value add. B+/A- location. Emerging market with impact to port
Fort Worth, Texas
168-Units, Class-C Apartment, Built 1981
$11.2M (+$760,000 of Value-Add Renovations)
Debt: Seller Financing Non-Recourse
Why I invested: Conservatively underwritten in a transitioning area
Huntsville, Alabama
49-Units, Class-C Apartment, Built 1983
$1.4M (+$270,000 of Value-Add Renovations)
Debt: Assumable Fannie Mae Non-Recourse
Why I invested: Emerging Market, Heavy Value-Add
Huntsville, Alabama
42-Units, Class-C Apartment, Built 1986
$1.4M (+$230,000 of Value-Add Renovations)
Debt: Assumable Fannie Mae Non-Recourse
Why I invested: Emerging Market, Heavy Value-Add
Huntsville, Alabama
70-Units, Class-C Apartment, Built 1984
$1.9M (+$245,000 of Value-Add Renovations)
Debt: Assumable Fannie Mae Non-Recourse
Why I invested: Emerging Market
Moberly, Missouri
77-Units, Class-C Apartment, New Construction/Development
$1.4M (+$1.1M of Value-Add including City Water connection)
No Financing used all private equity funded
Why I invested: Fill High-risk High-reward appetite
Atlanta, Georgia
114-Units, Class-C Apartment, Built 1963
$4.75M (+$450,000 of Value-Add Renovations)
Debt: Fannie Mae Non-Recourse, 10-year term, 3-year IO
Why I invested: Conservative underwriting in a strong secondary market
San Antonio, Texas
253-Units, Class-B+ Apartment, Built 1980
$20.7M (+$2M of Value-Add Renovations)
Debt: Non-Recourse, 10-year term, 30-yr amortization, 4.75%+4 yr IO
Why I invested: Class B+ asset in A- location
Des Moines, Iowa
52-Units, Class-C+ Apartment, Built 1975
$3.05M (+$300,000 of Value-Add Renovations)
Debt: 5-year Bridge Loan
Why I invested: Undervalued property bought via direct marketing
Lake Charles, Louisiana
199-Units, Class-B- RV Park for Workforce Housing
$4M (Brand New Development)
Why I invested: Different asset class in an emerging market
San Antonio, Texas
192-Units, Class-B+ Apartment, Built 1983
$16.1M (+$1.1M of Value-Add Renovations)
Debt: Non-Recourse, 7-year term
Why I invested: Class B+ asset in A- location
Oklahoma City, Oklahoma
170-Units, Class-C Apartment, Built 1973
$9.3M (+$765,000 of Value-Add Renovations)
Debt: Non-Recourse, Freddie Mac 4.27%, 30-Year Amortization, 10-year term
Why I invested: Strong cashflow
Past Projects
Many of the projects contents are locked for Hui Deal Club Members and current shareholders
Current investors (Shareholders) please email Lane@SimplePassiveCashflow.com for access for monthly updates
Sample investment returns are proforma returns based on projections.
Past performance doesn’t equal future returns.