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title: 9 Unit West Hollywood Property Acquired ��
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 LMDG Value Fund II acquires a 9 unit building in West Hollywood near Fairfax and Santa Monica Blvd. Fund still open for investment

| Not rendering correctly? View this email as a web page here. 1023 N. Hayworth Ave. Acquired!!! LMDG Real Estate Value Fund II, LP has acquired another asset, a 9 unit value-add apartment building located in West Hollywood "WeHo" near Fairfax and Santa Monica Blvd.  The property was acquired at approximately 50% of replacement cost with current rents at 40% to market (representing a true Value-Add asset with tremendous upside). The property is located just blocks from both The Grove/Farmers Market area, The Beverly Center, and the city of Beverly Hills.  The property has been very poorly managed but has a great unit mix and provides incredible rent and cash flow upside. Fund II is still open for investment.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.     Property Name: WEHO Fairfax & SM Blvd Lot Size: 6,984 Units: 9 Location: West Hollywood Stabilized Cap Rate: 8%+     Project Summary Purchase Price: $2,775,000 Renovation Budget: $400,000 Total Project Cost: $3,175,000 Stabilization: 24-36 Months     Fund II Investor Terms The Fund: LMDG Real Estate Value Fund II, LP Fund Size: Up to $15 million of equity Manager: Lujan/Merriman Development Group The Term: Five years Equity Ownership: 30% Distributions: Cash Flows from operations and sales to be distributed pro rata quarterly   Fund II Target Investments Acquisition Size: $1.5 - $5 million Property Types: Multifamily, In-fill land, Single-family residential Location: Coastal markets within Orange County and Los                              Angeles County as well as key sub-markets within                          Los Angeles and Hollywood Leverage: Up to 65% leverage on a portfolio basis Target Return:  17% - 20%+ net IRR 1.8x - 2.2x net Multiple Lujan/Merriman Development Group 5050 E. 2nd Street #14806 Long Beach CA 90853 United States Preferences \| Unsubscribe |
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