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title: LMDG Fund II Acquires First Property
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 LMDG Real Estate Value Fund II acquires first property. Fund still open for new investment.

| Not rendering correctly? View this email as a web page here. 315 Cherry Ave Acquired!!! LMDG Real Estate Value Fund II, LP has acquired its first asset, an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA).  The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market. The property is strategically located near Long Beach's Retro Row, a unique eclectic enclave of approximately 100 independently owned and operated businesses that offer goods, restaurants, and entertainment. LMDG will renovate and stabilize the property (rent-at-market) at which time we estimate the value to be in the $2.9m - $3.2m range. 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 Project Name: Bixby Park / Retro Row Lot Size: 6,754 Sqft: 6,392 Units: 8 Location: Alamitos Beach Stabilized Cap Rate: 8%+ Project Summary  Purchase Price: $1,775,000  Renovation Budget: $330,000  Total Project Cost: $2,105,000  Stabilization: 9-12 Months  Stabilized Value: $2.9M - $3.2M 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 submarkets within Los Angeles and Hollywood Leverage: Up to 65% leverage on a portfolio basis Target Return: 18% - 22%+ net IRR 1.8x - 2.2x Net Multiple Aaron Merriman and Aaron Lujan have a proven 13-year track record of doing value-add real estate investing. Please contact us if you would like more information on our current fund or learning more about investing with LMDG.  We have investment options for both cash and IRA investors. \*Annual rate of returns may vary.  Please contact LMDG directly for additional information on the investment options.  Past performance is not indicative of future results. Lujan/Merriman Development Group 5050 E. 2nd Street #14806 Long Beach CA 90853 United States Preferences \| Unsubscribe |
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