Miami Apartments- Participation Loan to rehabs 120 apartments

Miami FL United States

Overview

Miami  Apartments will consist of attractively priced apartments with resort style amenities on the site which is located only minutes to most of the area’s largest employers. The primary objective of the project is to rehab and operate an affordabe multi‐use Apartment Community in Miami, FL


“Investing is Complicated, but we insist on making it Dequity Simple.”

Dequity – Provides Investors both Fixed Income and Profit Participation

 Blending the traits of debt and equity to create a hybrid security known as dequity

Management

Who We Are

About Open Source Capital


The Open Source Capital team has participated in over 240 real estate investments by providing asset-based participation loans to underserved businesses in the real estate sector.  We focus on customers building or improving small (under $30 million) projects, in urban infill markets or underdeveloped parcels within already developed areas. These borrowers are typically building or managing “market-appropriate” properties in the respective markets in which they operate. The Company has identified capital inefficiencies common to these small projects and small- to mid-sized borrowers, and has focused on originating preferred equity and participation loans to capitalize on these inefficiencies.

Our Experience

Open Source Capital's senior management has worked together for over 15 years and has developed a stable institutional infrastructure. The principals, Kyle Meyer and George Henderson, have over 80 years of combined experience in investing, banking, origination and management. The team focuses its lending activities in markets where we have human assets and a deep intuitive understanding of the market. OSC's technical knowledge complements its banking and loan structuring experience for all types of financing including A/D/C loans for: low and mid-rise condominiums, town homes, apartments, hotels, and single-family homes. To assess risk and appropriately suggest pricing for an application, OSC examines many projects and market factors, including assessing the project’s marketing position, local market and the developer’s track record. OSC brings investors and borrowers together to create attractive transactions where risk and return are well balanced.

Our reputation, expertise, and history of established contacts with banks and developers have generated a strong foundation for new and repeat business. OSC’s experienced underwriting department understands the need for appropriate documentation and efficient processing. An error-free loan file adds value. This benefits both the client and the investor. The complexity of construction lending is well understood by OSC’s professional staff. Our experienced managers ensure applications are thoroughly prepared and documented. This, in turn, ensures sound credit decisions and enhances credit quality. External audits have consistently concluded that our files are thoroughly documented and are of high quality.

Our ability to dream creatively and make those dreams materialize is making Open Source Capital a model for many companies in the future. We realize that changing times often require changing the way in which we do business.

We seek to retain our entrepreneurial spirit, while channeling people with a common cause and capital resources together in ways that will allow us to grow and create wealth for all stakeholders. Moreover, we believe it is vital to the success of our business that our shareholders, officers and associates all be considered partners. There was a time when little was needed to succeed in the real estate business, but this is no longer the case. In today’s world, we need to remain flexible and yet, at the same time, have the scale to gain access to the world’s capital market.

Our Services

We craft tailored financing solutions for a wide spectrum of commercial and residential clients, including amenity and resort developers, homebuilders, operators and property managers.

Open Source Capital provides a unique “open source” platform to connect qualified sponsors with  accredited investors who understand investing in specific projects. Our expertise in vetting and underwriting projects helps investors to act quickly when considering various investment opportunities.

Our goal is to create a lasting relationship with quality borrowers, financial sponsors and crowdfunding investors, in part by:

o    Emphasizing a fundamental alignment of interest

o    Providing for flexibility to react to circumstances as they occur

o    Providing advisory services to support corporate development


We supply a wealth of information to our targeted investors. Wall Street has historically relied on a strong sales force rather than a much more analytically driven capital raising process. We believe that by using a transparent and data-driven method, investors will be able to find good opportunities and sponsors will have lower capital costs.

Financial

  1. Offering Type: Debt
  2. Investor Yield: 17%
  3. Minimum Raise Amount: $5,000,000
  4. Minimum Investment Amount: $50,000
  5. Total Raise: $5,000,000
  6. IRR 23%

Photos


Investors

Name Amount
Someone $50,000
Someone $50,000
Brian Collins $50,000
Someone $60,000
Andee Isaacs $500,000
Someone $1,000,000
Someone $4,000,000

Investor Questions

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