Combining these two types of multifamily will lower the overall risk profile, while also driving returns up as the development projects mature. Your funds will be spread across multiple properties, which will diversify your portfolio while still mitigating your risk.
Over the past 9 months we have seen a significant amount of competition re-engage in the multifamily marketplace, making the value-add space a challenging place to source deals in the markets we focus on. Simultaneously, the Life Bridge Capital team has been executing on the business plans for the various projects and identifying key areas of growth internally. At Life Bridge Capital we are always evaluating our deal structures with an eye on optimizing for investor performance, which includes winning deals, paying out above-average returns, and mitigating risk. We believe a fund is the best step forward for you, our limited partners, for the above reasons.
Life Bridge Capital Fund 1 will focus on projects located in the Rocky Mountain area, namely in Boise, Salt Lake City, and Colorado Springs. These markets have shown extreme growth over the last few decades, and are poised for continued growth over the next 5-10 years.
Life Bridge Capital has taken a very conservative approach to modeling the fund returns, taking into account future uncertainty in the marketplace.
The projected investor returns are:
21% Average Annual Return
8%+ Cash on Cash Return
3x Equity Multiple
7% Preferred Return
This is very similar to our past deals in the value add sector.
This opportunity is a SEC Reg D 506(c) deal, which is only open to accredited investors at this time. There will be future opportunities open to sophisticated investors.
Investors in the Life Bridge Capital Fund 1 will be accepted on a first-funded basis, and the Fund can be closed at any time.
Life Bridge Capital is pleased to present The Vail Valley Portfolio (“The Portfolio”), a 139-unit multifamily portfolio comprised of three properties in Eagle County, CO. The properties are in the towns of Eagle and Gypsum, located within the Vail Valley, which boasts a young, affluent population with an average household income of nearly $120,000. All three properties are conveniently located along the I-70 corridor offering residents easy access to nearby Avon, Vail, Beaver Creek, Glenwood Springs, and Denver. This portfolio is being purchased from the developer and is a unique opportunity to acquire at scale in a very desirable mountain community.
We are pleased to announce that we have identified two more assets for the LBC Fund! We have contracts on two multifamily complexes, located in Colorado Springs, CO. Both of these assets were previously owned by the same seller of one of our current properties, Stratus Apartment Homes. They are both in excellent condition with new parking lots, roofs, and windows. The unit interiors will be our focus, we plan to update all flooring, cabinets, bathrooms, and fixtures while removing some pony walls to open up the interiors. We are thrilled to land these two off market deals and anticipate closing in December.
Wind River Place is a 120 unit multifamily complex, made up of 60 one bedroom units, and 60 two bedroom units. Built in 1973, this property boasts ample parking, a swimming pool, and laundry facilities.
Chestnut Springs is a 92 unit multifamily complex, made up of 1 bedroom apartments in 4 separate buildings. This property has maintained a high occupancy averaging around 96%.
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**This is not an offer for the sale of securities. The information contained herein is for educational purposes only. It reflects the opinions of Life Bridge Capital Fund I, LLC. Any offer for the sale of securities Life Bridge Capital Fund I, LLC is done only through a private placement memorandum and only after the potential investor has been independently verified as an accredited investor. Our investments are for accredited investors only. An accredited investor is someone who has an annual income greater than $200,000 a year (for the past 2 years), or has a joint household annual income greater than $300,000 (for the past 2 years), or has a net worth greater than $1,000,000 (not including their primary residence). There are other nuances and also rules for trusts and LLCs. Any estimates of returns or performance, which are forward looking statements and are based upon certain assumptions, are not guaranteed. Potential investors should always consult with their individual tax and/or legal professionals prior to investing in anything.