530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

INVESTMENT SUMMARY

Purchase Price $2,325,000

Financing: Terms: 7 Year Fixed Term l 30 Year Amm 4.5% $1,743,750

Down Payment $581,250

Cap-Rate at Purchase 7%

Cap-Rate at Pro Forma 8.71%

Cash-on-Cash Return Year 1 16.62%

Cash-on-Cash Return Year 2 / Pro-Forma 17.66%

UNIT MIX

Unit Type Rent Average

Square Feet

# of Units Total Rent Pro Forma

Rent Total Pro

Forma Rent

Studio $650 800 2 $15,600 $775 $18,600

1 BR / 1 BA $846 800 16 $162,361 $1,000 $192,000

2 BR / 1 BA $907 800 3 $32,640 $1,100 $39,600

Garage Units $75 N/A 12 $10,800 $100 $14,400

PROPERTY INFORMATION

Number of Units: 21 Units plus 12 Garage Units

Age: 1880

Net Leasable Area: 16,600

Average Unit SF: 800

Land Area 0.24 acres

Stories: 3

Buildings: 1

Property OverviewList Price: $2,325,000530 High Street is a 21 unit multifamily building located in highly desirable downtown Beth-lehem, PA. The community consists of a mix of 17 one bedroom apartments, 3 two bedroom apartments, 1 studio and 12 separate garage units. The garage units are in high demand in the market and provide a great source of extra revenue. The units are highly desirable as heat; water & sewer all included. Tenants are responsible for electric.

Condition of Building When Purchased: DLP purchased the building in 2014 as an underper-forming asset in need of renovations to most units. Occupancy was sub par, and there was an ongoing delinquency problem in addition to reputation problems in the surrounding area.

Improvements:Capital Improvements: Since the purchase, DLP has performed renovation work in 19 of the 21 units including modernizing kitchens with new appliances and cabinetry and replacing flooring including some with new hard surface flooring. Additional renovation work included installation of a coin operated laundry facility that generates steady income, a new security system with remote access cameras and the conversion of the heating system from oil to gas reducing the heating costs by over 60%.

Performance:Occupancy: 530 High St is an excellent performing investment property. The property has seen YOY rent growth of 5-7% while maintaining high occupancy and minimal vacancy. The building is currently 100% occupied with annual turnover below 20%.

Quality of Residents: Currently there are residents in 19 of the 21 apartments have passed a strenuous criminal background check and meet stringent credit and rental history require-ments. Additionally, all renters are required to earn over 3 times their monthly rent and must adhere to a thorough set of rules and regulations.

Opportunity: The bulk of the heavy lifting on this property has been completed. The big opportu-nity is in growing revenue to today’s rapidly increasing market rent. At current market rents, the building and garages combined can produce $20,000 in additional annual rental revenue.

530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

T-12 Year 1 Year 2

Figures Represent End of Year Projections Total Per Unit Total Per Unit Total Per Unit

GROSS POTENTIAL RENT $ 210,343 $ 6,374 $ 264,600 $ 8,018 $ 272,538 $ 8,259

Vacancy ( 5% ) $ - $ 13,230 $ 13,627

EFFECTIVE RENTAL INCOME $ 210,343 $ 6,374 $ 251,370 $ 7,617 $ 258,911 $ 7,846

REIM - Utilities $ 1,625 $ 49 $ 1,674 $ 51 $ 1,724 $ 52

REIM - Cable, Laundry, & Misc. Income $ 7,201 $ 218 $ 7,417 $ 225 $ 7,639 $ 231

TOTAL INCOME $ 219,169 $ 6,641 $ 260,461 $ 7,893 $ 268,274 $ 8,130

Rubbish/Waste Disposal $ 4,971 $ 151 $ 5,120 $ 155 $ 5,274 $ 160

Utilities (Elec/Gas/Water/Sewer) $ 19,767 $ 599 $ 20,360 $ 617 $ 20,971 $ 635

Contract Services & Landscaping $ 1,060 $ 32 $ 1,092 $ 33 $ 1,125 $ 34

Repairs & Maintenance $ 8,799 $ 267 $ 9,063 $ 275 $ 9,335 $ 283

Taxes (Prorated) $ 9,517 $ 288 $ 9,803 $ 297 $ 10,097 $ 306

Insurance (Prorated) $ 5,733 $ 174 $ 5,905 $ 179 $ 6,082 $ 184

Property Management (3%) $ 6,310 $ 191 $ 6,500 $ 197 $ 6,695 $ 203

TOTAL EXPENSES $ 56,159 $ 1,702 $ 57,843 $ 1,753 $ 59,579 $ 1,805

NET OPERATING INCOME $ 163,010 $ 4,940 $ 202,617 $ 6,140 $ 208,696 $ 6,324

Loan Payment $ 106,024 $ 106,024 $ 106,024

Cash Flow After Debt Service $ 56,986 $ 1,727 $ 96,593 $ 2,927 $ 102,672 $ 3,111

Pro Forma Summary

530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

Comparable Rent AnalysisOVERALL SUMMARY

CURRENT CONDITIONS ASKING RENT PER UNIT PER MONTH

530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

Demographics DEMOGRAPHIC SUMMARY

Population 1 Mile 3 Mile 5 Mile

2017 Population 23,799 96,463 170,702

2022 Population 23,786 97,432 172,722

Pop Growth 2017-2022 (0.1%) 1.0% 1.2%

2017 Average Age 38 40 40

Household

2017 Households 9,583 37,674 65,656

2022 Households 9,573 38,070 66,461

Household Growth 2017-2022 (0.1%) 1.1% 1.2%

Median Household Income $43,208 $52,567 $55,910

Average Household Size 2.2 2.4 2.5

Average HH Vehicles 1 1 2

Housing

Household Growth 2017-2022 $155,753 $176,426 $187,483

Median Year Built 1945 1953 1960

POPULATION BY AGE GROUP IN 1 MILE RADIUS POPULATION BY AGE IN 1 MILE RADIUS BY EDUCATION IN 1 MILE RADIUS

530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

Dream Live Prosper (DLP) family of companies is one of the fastest growing real estate firms in the country and

is currently ranked by The Wall Street Journal as one of the Top 10 Real Estate Teams and the #1 Team in PA/NJ.

The focus of DLP is to provide clients with the highest level of service through our innovative and client-centered

team approach.

The DLP family of companies owned and operated by Don Wenner. Don has over 11 years of real estate experience

and has closed more than 5,600 real estate transactions totaling more than $750 million. He has built a track re-

cord of being able to generate profits via residential and commercial real estate in all market conditions and cycles.

DLP’s mission is to prosper as the leader in the real estate industry sectors of brokerage; fund management; asset

management; construction; and lending by striving to achieve greatness in all aspects of our business and the

services we provide in order to assist our clients and our employees in achieving the lives of their dreams.

The DLP Family of Companies

DLP Capital Advisors provides investment funds that deliver consistent high-yield returns to investors.

Direct Lending Partner provides short-term acquisition and renovation financing for real estate investors to improve distressed

assets and who subsequently secure permanent financing.

DLP Acquisitions finds distressed assets, adds value through capital investment and generates target returns.

DLP Builders renovates distressed properties that have been acquired by DLP Capital Advisors affiliates, enabling them to be

sold for profit or retained as strong rental properties.

DLP Realty has significant brand visibility, is a referral network for all DLP Companies and leverages programs including Guaran-

teed Sale Program and Trade Up Program, for example, to build our client’s confidence. It is also able to efficiently source assets

for the various investor funds.

DLP Property Management maximizes the rental portfolio through strong management and leasing, improves efficiency and

maximizes both short and long-term profitability.

The DLP Family of Companies Overview

DLP Snapshot

• $250M in AUM

• Over 2,000 units owned in portfolio

• Over 200+ loans in portfolio

• 7 private investment funds

• 300+ total current investors

• Zero principal losses to any investors

• Zero months of missing fixed or preferred return targets

• 190+ employees

• $100M of total annual revenue of all DLP Companies

530 High St. | Bethlehem, PA

DLPMultifamily.com | 800.350.8061

Confidentiality & Disclaimer

THIS INVESTMENT MEMORANDUM IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL SECURITIES NOR A SOLICITATION OF AN OFFER TO PURCHASE SE-CURITIES. SECURITIES WILL ONLY BE OFFERED TO DESIGNATED OFFEREES PURSUANT TO A DEFINITIVE OFFERING MEMORANDUM AND RELATED MATERIALS, WHEN AVAILABLE. THE TERMS SET FORTH HEREIN ARE PRELIMINARY AND SUBJECT TO CHANGE.

Certain information contained in this Investment Mem-orandum has been obtained from published or other sources prepared by other parties. Neither DLP Realty, LLC or its affiliates(collectively the “Company”), assume any responsibility for the accuracy or completeness of such information.

The information contained herein is believed to be current only as of the date hereof and you should not, under any circumstances, assume that there has not been any change in the matters discussed herein since the date hereof.

The information contained herein regarding the pro-posed offering is strictly confidential and is intended for review by the intended recipient only. By accepting such information, the recipient agrees that the recipient will not divulge any such information to any third party. Any reproduction or distribution of such information, in whole or in part, is prohibited without the express written consent of the Company.

If the Company elects to move forward with an offering of securities, then such offer will be made only pursuant to a definitive private offering memorandum (the “Mem-orandum”) prepared by or on behalf of the Company, which shall contain material information not contained herein, including a discussion of the risk factors asso-ciated with an investment. Any investment decision should be made only after reviewing the Memorandum, the Subscription Agreement, and related investment offering document in their entirety, conducting such investigations as the investor deems necessary and consulting the investor’s own legal, accounting and tax advisors in order to make an independent determination of the suitability and consequences of an investment

Forward-Looking Statement Disclaimer:CAUTION CONCERNING RELIANCE ON FORWARD LOOKING STATEMENTS. The information contained in this memorandum and all financial data set forth herein are forward-looking statements and are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by the forward-looking statements. Risks could occur that affect the Company’s business, financial condition or results of operations. In that case, the results may not be as indicated in the forward-looking statements and you may lose all or part of your investment. You should carefully consider the risks which will be described in the forthcoming Memorandum, definitive agreements and related materials. These forward-looking statements

are preliminary and are subject to change.

Offer Solicitation Process

Showing Requests:

All showing requests should be submitted through Showing

Time. You can access Showing Time through the MLS listing,

ShowingTime.com or the Showing Time app. Please allow

a minimum of 24 hours notice for all showings.

If there are any issues with access to the units, you can contact

our Property Management Coordinator, Stacey Figueroa.

Contact: Stacey Figueroa

Phone: 484.403.0193

Email: sfigueroa@dlprealty.com

Offer Submission:

All offers will be submitted online. Please email

offers@dlprealty.com with the property address

to obtain your submission link.

If you have any questions about the offer process,

please contact:

Contact: Carlos Lopez

Phone: 484.661.6873

Email: carlos@dlprealty.com