IHT Realty Crowdfunding has rebranded itself as RealtyeVest.
IHT Realty Crowdfunding, a real-time investment company that helps sponsors raise capital for real estate projects, is cornering the market with its new profit sharing platform.
The offer will be exclusive to clients who invest in the single-family home renovation at 3613 Trask Street. Built in 1928, the 1,860-square-feet home is located in Jacksonville’s expanding Murray Hill neighborhood. The property features three bedrooms, two baths, a detached guest suite, central air, off street parking and a fenced-in yard with manageable landscaping.
Unlike similar companies, IHT Realty’s new platform will offer returns on the sale of exclusive debt offerings on this project. Therefore, investors are more likely to gain a larger ROI than compared to other crowdfunding debt offerings.
The property was bought for $109,000. The total remodeling costs are estimated around $70,000, with an expected listing price of $250,000 upon completion.
IHT Realty Crowdfunding is offering an investment of 10 percent annualized return as well as a 10 percent yield for six months on the project.
It is not restricted by the Riverside and Avondale Presentation group (RAP).
“Home values in Murray Hill are predicted to rise by more than 6 percent next year, making this an outstanding investment opportunity,” said IHT Realty CEO and sponsor Dan Summer.
IHT has multiple upgrades planned for the property including the conversion of a detached garage into a one bedroom studio apartment (440 square feet) with a kitchen, bathroom and full HVAC system.
RealtyeVest is a real estate crowdfunding company that offers investors the opportunity to capitalize on residential, multifamily and on-trend properties across the United States.
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