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title: LMDG Fund II Acquires 7 Units Long Beach (Belmont)
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 Lujan/Merriman Development Group through its latest fund has acquired its second property (7 units) in the Belmont area of Long Beach

| Not rendering correctly? View this email as a web page here. 233 Mira Mar (Belmont Shore) - Acquired LMDG Real Estate Value Fund II ('Fund II') has acquired its most recent property, a 7 unit value-add apartment building.  This is Fund II's second purchase in the highly-desirable Belmont Shore area of Long Beach, it is just a short walk from the shops and restaurants of 2nd st., the Belmont Pier, and the Pacific Ocean. LMDG will improve all of the apartments and increase rents by 50%+ over the next 9 - 12 months as tenants vacate the property and units are remodeled.   Fund II currently has $5 million in properties in escrow to be acquired during the second quarter of 2019.  Fund II is closing in May 2019 to new investors, contact us to learn more. The principals of Lujan/Merriman Development Group have completed over $100 million of transactions since inception.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.       Property   Name: Belmont Shore II Size: 6,000 sq. ft.  Units: 7 Location: Belmont Shore (Long Beach) Stabilized Cap Rate: 8%+         Project Summary   Purchase Price: $2,150,000 Renovation Budget: $336,500 Total Project Cost: $2,486,500 Stabilization: 9-12 Months           Fund II Investor Terms   Fund: LMDG Real Estate Value Fund II, LP   Fund Size: Up to $15 million of equity   Manager: Lujan/Merriman Development Group   Term: Five years   Equity Ownership: 30%   Distributions: Cash flows from operations and       sales to be determined 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   Target Return: 12 - 15%+ net IRR 1.5x - 2.0x net Multiple Lujan/Merriman Development Group 5050 E. 2nd Street #14806 Long Beach CA 90853 United States Preferences \| Unsubscribe |
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