Silver Lining Properties

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City: Richmond

State: Virginia

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Country: United States

They acquire small to mid-size Class B &a; Class A Multi-family and “Out of the Box” properties in the Mid-Atlantic Region. Properties are stabilized with value add and/or expansion to enhance the returns on investment. Silver Lining Properties has partnered with US Real Estate Ventures and Paradigm Senior Living to Present The Village at Taylor Farm- an Assisted Living and Continuous Care Community in the Northern VA/DC Sub Market in Maryland. This 65 acre property and business has been in operations since 2003, but in the most recent 3 years has suffered due to management and marketing issues resulting in a decrease in revenues. Property and Business are being purchased for $5.9M (10 Cap) 65% LTV Non-Recourse loan. Expansion/renovations $1.4MM 75% LTV construction loan Current EGI is $1.97MM, 40% expense ratio and $540,000 NOI Their goal includes improvements and moderate expansion to stabilize facility by year 3 to achieve an EGI of $3.3MM and $1.4MM NOI Investor expectations include yearly cash on cash return average of 25% (first year 10%) with 5 year IRR of 50%/yr which includes almost 175% cash on cash return upon exit in year 5.

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