Congreso Park

Congreso Park

Condominiums in the heart of Mexico City

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Security Type
Crowd IPA
Industry
Real Estate
Min Investment
$200
Offering Date
October 29, 2021
Expected Close Date
January 31, 2022
Amount Raised
$6,180
No. Investors
5
Security Price
$100

Use of Proceeds

We have agreed to acquire the 7 units for a total purchase price of $130,000. In addition to the purchase price, we estimate that there will be an additional $3,000 in expenses per unit including closing costs, and preparing each of the units for rent.

Key Deal Facts

Brand new condominium building in the heart of Mexico City
Located near “Plaza del Zocalo,” the main square in Mexico City
Company is acquiring up to 7 units from the developer
Pre-sale price that is a 20% discount from current market
Each unit is a 2-BR/1-BA, 764 square feet
Plan to lease units with estimated 7% annual yield
Estimated return in 18 months of more than 20%

Security Description

Crowd IPA (Interests Purchase Agreement) is a simple agreement to acquire membership units of a limited liability company.

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