Bradley Surf Village: A Multi-Family Beach Cottage Community
Location: Bradley Beach, NJ
Prime real estate that is only one mile away from the lively seaside cultural hub of Asbury Park, NJ — ranked the second-best beach in the world by Money Magazine in 2021. It is also four blocks away from other pristine Jersey Shore beaches, a 5-minute walk to NJ/NYC transit, and one hour away from both NYC and Philadelphia.
Units: A 9-unit Class C cottage community in a Class A Market that is in high demand due to its famous beaches.
Features: With a heavy focus on design, we will be able to command a premium that satisfies a demand in the market that is a step above the outdated, entry level offerings currently seen throughout the Jersey shore, while being positioned as a value to the $10k+ luxury rental.
Deal Structure: This deal was structured as a Joint Venture. Being an accredited investor was not required but active participation was mandatory.
Minimum Investment: $50,000
Projected Returns: 25% IRR and a 2.5X equity multiple for a 10 year hold.
Capital Events: We are projecting a refinance of 80% of the original investor capital in 18 months and a capital sale in 10 years.
Business Plan: Leverage the increased profitability of the growing short-term rental market with a contingency in place with favorable long-term rents if the original business model needs to be adjusted.
Watch a replay of the original webinar here
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