The Residences at Diamond Ridge
About this raise
The Residences at Diamond Ridge, a multifamily property near Winston-Salem, NC, is raising funds on Republic. It is a 336-unit property with three playgrounds, a soccer field, a swimming pool, and a leasing office. The DeRosa Group plans to acquire and renovate the property. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $525,000, and the proceeds will be used to acquire and renovate the property. The Residences at Diamond Ridge is expected to generate a fixed interest rate return of 8% for three years. The renovation is also expected to increase the rental by $200 per unit.
Investment Overview
Invested : $298,000
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 01/28/2021
- Close Date
- 04/30/2021
$25,000
$525,000
$1,000
Equity - Common
Early Stage
RegCF
$1,000.00
Company & Team
Company
- Year Founded
- 2020
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2021 | Republic | - | $298,000 | Equity - Common | Funded | RegCF |