602 Hannah St.

602 Hannah St.

Real Estate

602 Hannah St. will consist of the restoration of a home in disrepair in the Clearfield PA borough. This home, despite sitting vacant for many years, has a strong “shell”, with the critical structure being intact. With a foundation and structure that is uncompromised, demolition will involve everything inside the home leaving nothing but exposed framing on all three floors, before installing new utilities, throughout the home. The existing layout of the home consists of 3 bedrooms and 1 bathroom which will be expanded to include a fourth bedroom on the third floor, a second 3⁄4 bath on the...

Security Type
Convertible Note
Industry
Real Estate
Min Investment
$500
Location
Clearview, PA
Offering Date
September 24, 2021
Expected Close Date
December 31, 2021
Security Price
$1

Management

Anthony Caiola
Anthony Caiola currently serves as the executive director for Habitat for Humanity of Clearfield County and founder and CEO of Back 40 Funding, an initiative that seeks to cultivate rural real estate development. Anthony has a variety of experience managing commercial properties and sourcing and rehabbing residential properties.

Research Reports

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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Key Deal Facts

Comparable homes have been sourced through Zillow.com, identifying homes of​similar specifications that have sold inside Clearfield proper in the past 24 months with adjustments being made for a swell in market conditions during this timeframe.
Data shows an increase in the median list price per single-family home to be +18.25% over the past 2 years, keeping with national averages reported by Forbes.com which reported a 13.4% increase in median list price for residential homes in a single year, (December 2019 to December 2020).
Comparable homes have been selected by a number of factors including, style of home, size of the home, location of the home, and the overall condition of the home.

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