National development foundation Portfolio
southern floridaOVERVIEW
The NDF portfolio presents a unique investment opportunity, comprising five properties across three cities in South Florida. Three properties are HOME, one property SAIL, and one property 9% LIHTC. This family-designated portfolio offers a range of units, from 2-bedroom apartments to 4-bedroom townhomes.
The portfolio has been well-managed, maintaining a high historical occupancy rate averaging over 95%. There is a value-add opportunity for a non-profit organization to assume the Home Loans, which offer favorable terms, and to recast them. Additionally, the portfolio can be syndicated through 4% LIHTC bonds, enabling a buyer to maximize LIHTC rents and reduce operating costs.
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Investment Highlights
PROPERTY
Five Property Portfolio Located in South Florida
value
Constructed Using HOME Loans, SAIL loans, and 9% Tax Credits
Opportunity
Strong Cash-Flowing Opportunity
Opportunity to Recast HOME Loans in Year 19
Opportunity for Non-Profit to Assume HOME Loans with Favorable Terms
LISTING BROKER
Jennifer Stein
Listing Broker
JSRE Real Estate Services
- MOBILE: 213-446-5366
- EMAIL: jstein@jenniferstein-realestate.com
- License #: CQ1063472