Venture On Country Club

Venture On Country Club

From Hotel to Much Needed Housing in Arizona.

Security Type
Preferred Stock
Real Estate
Min Investment
Phoenix, AZ
Offering Date
July 07, 2021
Expected Close Date
June 01, 2022
Target Raise
Security Price

Company Description

Venture on Country Club plans to purchase a 120 unit located at 1410 S Country Club, Mesa, Arizona 85210 and convert it into a multi-family residential apartment building. The Property was originally built in 1985 and consists of 120 units - 35 studio units, 73 one-bedroom and one-bathroom units, and 12 two-bedroom and two-bathroom units. It is currently being operated as a hotel, but the Company’s plan is to convert it into a traditional multi-unit rental building. Zoning approval is required for this conversion and is expected to take about 12  months to obtain.

Key Deal Facts

Re-use. Conversion of a hotel into much needed housing
Experienced developer. This team has completed multiple housing projects
Quick turn-around. Quick conversion to ensure operating cash flow.
Three-year plan. Re-financing or sale planned in three years
Flexible capital stack. Funds raised and ready to fill an equity gap if needed

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

Research Reports

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