DEAL TIME! Equity investment in large scale, Class A, ground up mixed use deal
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Description
Diego Ojeda, President of Rilea Group, Florida, describes the Mohawk at Wynwood, 12 story, 211,477 leasable sf, 225 residential unit building with retail and WFH office: Asset Class: Class A, ground-up residential & mixed use Investment type: Equity  Total estimated project cost: $103.4 million Total equity required:  $41.4 million Projected IRR: 20.26%  Projected Equity Multiple: 2.43x  Projected stabilized cash-on-cash: 9.89% Target hold period: 5 years Opportunity close date: June 2, 2021
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