SDC Montego Bay HMT

 An 80-unit new multifamily development in Hemet, CA - in one of the fastest growing regions in California.Montego Bay is a new 80-unit multifamily development in Hemet, CA. Just south of Moreno Valley on Highway 74, Hemet is within 20-minute drive to the heart of California’s Inland Empire with over 3.1 million jobs and the fastest job growth region in the state for the past 10 years. In 2020 alone the Inland Empire absorbed 26M square feet of eCommerce related industrial and logistics space. Additionally, there is another 120M+ square feet of new eCommerce space in various stages of development. These projects are expected to add another 250,000 direct jobs and another 250,000-500,000 indirect jobs over the next 5 years. Relative to the current job base of 2M, this is a tremendous regional job increase of 25%-37.5%. For the twelve months ending May 2021, the Inland Empire’s apartment market was the best performing major metro in the country with 8.2% year over year rent increase and 2.1% vacancy, representing an extremely under supplied market.

Montego Bay’s units come standard with desirable leasing amenities such as Granite Countertops, Stainless Steel Appliances, Gas Range/Oven, In-Unit Washer/Dryer, Built-in Microwave, Dishwasher and Refrigerator, Plush Carpeting in Bedrooms, Vinyl Wood Plank in Kitchen, Living & Bath Areas, Veranda / Covered Patio, Private Yards, Ceiling Fans, Patio Grill, Walk-In Closets, Air-Conditioning, Gas Heating, Pre-Wired for Cable, and High-Speed Community WiFi. Conveniently situated near jobs, shopping, and entertainment this family-oriented workforce housing development is ideally designed for the growing Inland Empire renter.

• Land & Impact Fees
• Hard Construction Costs
• Soft Costs
• Marketing and Lease-up

CHARLES SCHAFFER, President and Founder of SDC Ventures
Mr. Schaffer has founded and operated several development companies over his 20+ year history to pursue his passion for alternative investing with outsized returns with minimal risk Mr. Schaffer founded SDC Ventures, LLC (“SDC”) 18 years ago to pursue his love of Alternative Investing where he believes outsized returns can be achieved without a corresponding increase in risk. Under Mr. Schaffer’s leadership, SDC has developed and financed over $60 million of commercial projects. Mr. Schaffer has successfully managed all aspects of the fund raising process and oversaw the origination and underwriting of all of the firm’s commercial projects. Over the years Mr. Schaffer has demonstrated a keen eye for delivering financial results to stakeholders. Mr. Schaffer contributes his success largely to his mechanical engineering background which has provided him a rigorous framework and unique investment outlook.