RealtyShares, along with Stellar Homes LLC, is excited to offer a preferred equity investment in a single family home fund. RealtyShares Investors will be members of RealtyShares 176, LLC. The Fund will be a new LLC that will be jointly owned by Stellar Homes and RealtyShares 176, LLC for the purpose of purchasing, renovating, stabilizing, and exiting single family home properties located in Miami-Dade, Broward and Palm Beach counties of South Florida. RealtyShares 176, LLC will provide at least $1,000,000 of capital to the Fund, and Stellar Homes will make available to the Fund its existing $5 million third party line of credit which will increase the purchasing power of the Fund. Stellar Homes will act as the Manager of the Fund and will be solely responsible for all operations and decisions concerning property purchases, renovations, and sale efforts. This is the first Single-Family Home Fund of this type for Stellar Homes through RealtyShares.

RealtyShares 176, LLC is projected to receive a 12.0% annualized preferred return (net of all fees) paid monthly on the RealtyShares investment from properties purchased and exited in the Fund.

To see a list of completed projects please see the Documents tab. For more information on Stellar Homes Groups, please see the Stellar Homes Group website.

Source: Icrowdnewswire