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Property Composition: The project includes 6 residential buildings with a total of 80 rental units and 11 commercial spaces, located in the Rio Piedras downtown area of San Juan, Puerto Rico.
Investment Amount: DS XVI, LLC is raising $8.5 million to acquire and renovate the buildings.
Refinancing Plan: After renovation, the project will be refinanced with a local lender.
Affordable Housing: The residential units will cater to transitional housing for orphans and foster children.
Commercial Space Leasing: Out of the 11 commercial spaces, 3 are currently leased, providing initial income streams.
Location Advantages: The properties are situated in a prime area with significant nearby developments, including the University of Puerto Rico and Hospital San Francisco, enhancing the value and attractiveness of the investment.
Dual Purpose Impact: The investment combines financial returns with social impact by providing housing and support to vulnerable young women aging out of orphanages.
Market Demand: The affordable rental prices ($650 - $1200) target the common demographic in San Juan, ensuring high occupancy rates.
Strategic Location: Proximity to major institutions and planned urban developments promises rapid appreciation and increased property value.
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