Cumberland Property Investments, LLC
Nashville, TN 37204, US
Seasoned real estate investment company has formed a new LLC and is raising capital in an equity stake to build a portfolio of 30-35 residential and commercial properties in an emerging core Nashville, TN neighborhood, hold for 3 yrs, then sell.
Cumberland Property Investments, LLC has formed a new LLC, REI615, LLC to hold 30-35 residential and commercial properties within a 0.5 mile diameter in an emerging core Nashville, TN neighborhood. The strategy is to acquire for under market value, then hold and rent the portfolio of properties from 2016 to 2019, then begin selling the properties as-is for their 2019 value to mainstream developers that will be transforming this neighborhood by 2019. This neighborhood is at the end of the pioneer development stage and just hitting the beginning signs of mainstream development. Our goal is to acquire now, then hold as mainstream developers then acquire and develop property all around our holdings. We will hold and rent during the property appreciation period as development becomes mainstream in this neighborhood, then sell to developers during the latter side of the mainstream development phase, when our properties are some of the last undeveloped lots in the neighborhood.
Each $125,000 invested earns an 8% equity stake in REI615, LLC up to $750,000 crowdfunded capital raised. Once we reach $750,000, our bank has committed $2.75MM for a total of $3.5MM REI615, LLC will use to acquire properties, manage rental of the properties and operate the LLC. We expect the portfolio to be worth roughly $5.3MM in 2019, when we begin selling our properties to developers. We expect 8% equity to be worth roughly $200,000 when we sell the portfolio of properties in 2019. This represents a 20% return each year for the three year investment.
Investors will receive their principal investment back first, then the bank line will be paid down, then each investor will earn their respective equity percentage in disbursements with each subsequent property sale until the entire portfolio has been sold for maximum value.
Managing Director Development
Chris Koch moved from a 16-year sales career in surgical sales to real estate investment in 2012, when he began investing in real estate on the side during his 60-hour per week Ethicon surgical sales job. He hustled 24/7 between day job and real estate investing from 2012-13 and in 12 months, he replaced his surgical sales income, then quit his job and became a full time real estate investor in April 2013, launching Cumberland Property Investments, LLC. Since then, CPI has flipped 53 residential properties and one commercial property in the Nashville, TN market. CPI has purchased and sold over $21MM in real estate since 2012. Chris has now launched REI615, LLC and is currently raising capital to begin acquiring properties for this entity to hold until 2019 in a specific transitioning and developing core Nashville, TN neighborhood.