Bank Street Lofts
Status
Closed Luxury, urban multifamily development built with millennial renters in mind and located in a vibrant restaurant/entertainment area of Baltimore that has 1-mile radius household incomes of $85,000+
Location
Baltimore, MD
Investment Strategy
Development
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Sep 2020
Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Investor Equity
$6,864,807
21.2%
Sponsor Co-Investment
$1,211,437
3.8%
PACE Financing
$6,928,732
21.4%
Senior Debt
$17,299,999
53.6%
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Total
$32,304,976
100%
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On the CrowdStreet platform, offerings are treated pari-passu. |
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