Congreso Park

Congreso Park

Condominiums in the heart of Mexico City

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Security Type
Membership Units
Categories
Real Estate
Min Investment
$200
Location
CDMX, Mexico
Offering Date
October 29, 2021
Expected Close Date
January 30, 2022
Target Raise
$140.00K-$980.50K
No. Investors
228
Security Price
$100
Website
smartvylon.mx
Number of Employees
0
Cash
$330,100
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Company Description

Congreso Park is an apartment complex located in the heart of Mexico City. The building is a 6-story, 8,761 square foot, newly-developed residential condominium that includes 45 apartments, with retail space on the ground floor and a common roof garden. 

The Congreso Series of Smart Vylon, LLC (the “Company”) intends to use the net proceeds of this offering to purchase up to seven 2-bed, 1-bath condominiums measuring approximately 764 square feet of space each and featuring a living room, dining room, service area, and premium finishes. Amenities include dedicated parking spaces, a rooftop garden, and a ground-floor retail area. The building is marketed to owners and tenants as an affordable property designed to promote sustainability and art. It is currently 98% complete and will be finished no later than October 2021. 

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%

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.

Management Team / Advisory Board Bios

Victor Rosales, CEO
Víctor Rosales is a real estate investment manager and entrepreneur dedicated to developing residential properties and apartment complexes with sustainable features. He has served as the Chief Executive Officer of Smart Vylon, LLC since its inception in 2019. For the past ten years, Victor has overseen the development over $500 million in real estate properties

Olga Lidia Aranda, Chief Operating Officer
Olga Lidia has served as the Chief Operating Officer of Smart Vylon, LLC since its inception.
Amount Raised : $185,271
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Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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