1901 Richmond Avenue is a 44-unit building in Montrose, Houston, run as furnished short stays and stays of 30 days or longer by its sponsor and operator, BML Allgear Casa Group. LV5 Capital is raising $2,200,000 from accredited investors for it; $300,000 has already been raised and $1,900,000 is still open.
The sponsor's model assumes all 44 units at 73% occupancy and $123 to $138 nightly rates (annual NOI of $817K to $972K). The plan: confirm control and readiness, build an operating record, size a refinance, then repay in the documented order. No stabilization or refinance date is assumed.
In the conservative case, operating cash only just covers the equity payout target, and a refinance returns about 59% of equity capital before costs. The note's second lien needs the senior lender's consent. These are proposed terms and projections, not guarantees.
$1,900,000 of the $2,200,000 round is open to accredited investors. Text the word INVEST to (419) 302-3940 or contact LV5 Capital, talk to Jeff Dulmage or Jason Mazard, see the full track record, or browse all current offerings.
1901 Richmond Avenue is a 44-unit building in Montrose, Houston, run as furnished short stays and stays of 30 days or longer by its sponsor, BML Allgear Casa Group. LV5 Capital is raising $2,200,000 from accredited investors for it, and $300,000 has already been raised.
Option A is a proposed note: 18% a year simple interest, accrued and paid with your principal at maturity, on a six-month term with a proposed extension to 12 months. Option B is proposed equity: a 9% annual preference on outstanding capital plus 20% of operating cash after debt, with investors keeping 10% ownership after their capital is fully repaid. The two are alternatives; the final documents set the terms.
If the note is repaid at its stated maturity: $109,000 after six months ($9,000 of interest) or $118,000 after 12 months ($18,000 of interest). There are no payments during the term. This is an illustration, not a minimum investment or a guaranteed result.
The sponsor's model, based on a $2.5M equity investment for 20% of the property, targets an annual payout of $281,256 (11.25% cash on cash) in its conservative case and $312,207 (12.49%) in its optimal case, at 73% occupancy and $123 or $138 nightly rates. These are projections, not current results.
BML Allgear Casa Group is the sponsor and runs the property. LV5 Capital is bringing the opportunity to its accredited investors in partnership with the sponsor. LV5 does not own or operate the property.
The plan depends on reaching 73% occupancy and the modeled nightly rates. In the conservative case, operating cash only just covers the equity payout target, and a refinance would return about 59% of equity capital before costs. The note's second lien still needs the senior lender's consent. Investors can lose some or all of their money.
Yes. $1,900,000 of the $2,200,000 round is still open to accredited investors. Text INVEST to (419) 302-3940 or schedule a call with Jeff Dulmage, and we'll send you the offering details.
This is not an offer to sell or a solicitation of an offer to buy any security. Any offering is made only to accredited investors through definitive offering documents. BML Allgear Casa Group sponsors and operates the property; LV5 Capital does not own or operate it. Investing involves risk, including possible loss of principal.
Investment Disclaimer: Nothing on this site is an offer to sell or a solicitation of an offer to buy any security. Offerings are made only to accredited investors through official offering documents. Projected returns are not guaranteed; real estate investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This website is for informational purposes only. Please consult with a qualified financial advisor before making investment decisions.