Projects
You know our philosophy. Now take a look at the facts. Here you'll find some important details on a few of our most recent projects.
|
Project Name
|
SFR Portfolio
|
|
Location
|
Las Vegas, NV
|
|
Type
|
Single Family
|
|
Equity Amount
|
$1,700,000
|
|
Status
|
Current
|
|
Annual Rate of Return
|
60% (projected)
|
|
Description
|
EquiSource purchased a portfolio of 10 foreclosure properties for 40% below current market price. Five were sold and two under contract within 90 days. Rehab has recently been finished on the remaining three properties.
|
|
Project Name
|
Senna
|
|
Location
|
Las Vegas, NV
|
|
Type
|
Single Family Attached
|
|
Equity Amount
|
$1,600,000
|
|
Status
|
Pending
|
|
Annual Rate of Return
|
47% (projected)
|
|
Description
|
Senna is an entry level housing project located in North Las Vegas. Taking advantage of negotiated discounted land cost basis, the remaining 100 homes will be built out and sold for around $200,000 per unit (around $100 per square foot).
|
|
Project Name
|
High Laguna
|
|
Location
|
Laguna, CA
|
|
Type
|
Single Family
|
|
Equity Amount
|
$1,600,000
|
|
Status
|
Complete
|
|
Annual Rate of Return
|
100%+
|
|
Description
|
Multi family vacation project steps from the beach was purchased, remodeled and sold within one year.
|
|
Project Name
|
Offices at Thomas and Hayden
|
|
Location
|
Scottsdale, AZ
|
|
Type
|
Commercial Office Condominiums
|
|
Equity Amount
|
$750,000
|
|
Status
|
Complete
|
|
Annual Rate of Return
|
52%
|
|
Description
|
The Offices at Thomas and Hayden is an in-fill three building office project located next to downtown Scottsdale, Arizona. The property was purchased, repositioned, built out and sold within two years, achieving a higher IRR than originally projected.
|
|
Project Name
|
Bohica
|
|
Location
|
Las Vegas, NV
|
|
Type
|
SFR Finished Lots
|
|
Equity Amount
|
$540,000
|
|
Status
|
Complete
|
|
Annual Rate of Return
|
60%
|
|
Description
|
EquiSource partnered with an experienced developer to purchase 20 unfinished single family home lots from a troubled bank. The properties were finished and sold to a home builder generating a total return over 90%.
|
