springview investments case study - matteson

SpringView Investments Case Study - Matteson
SpringView Investments Case Study - Matteson
Download SpringView Investments Case Study - Matteson

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    SpringView Investments Fund II seeks to provide attractive current yield and maximized risk-adjusted returns by acquiring, renovating, leasing, and operating affordable single-family homes. The portfolio buys in stable and safe communities that many Americans can afford. The case study for Violet Lane is for one of the more than 50 properties in the Chicago portfolio.

    4032 Violet Lane, Matteson, IL

    SpringView Investments Fund II!

    2015 SpringView Investment Management, LLC. 1448 East 26th Street, Brooklyn, NY 11210.. harold.willig@springviewinvestments.com 917-209-4452 CASE STUDY #1 Page 1

    A PRIVATE EQUITY REAL ESTATE FUND

    ____________________________________________________________________________________________________________________________________________________________________________________!

    CASE STUDY #1 Matteson: Violet Lane!

    FUNDOBJECTIVE!

    UNLEVERAGED YIELD!

    WHY SPRINGVIEW!

    About the Matteson #1 Renovations

    About the Property

    A diversified portfolio of single family homes can provide superior opport-

    unities for income investors.!

    The projected annual return for the Fund is

    7% - 9%. The yield for the Matteson property was 9.45%!

    The SpringView Investments Fund II seeks attractive

    current yield and maximized risk-adjusted income.!

    9.45%

    917-209-4452 www.springviewinvestments.com

    harold.willig@springviewinvestments.com!

    Area: only minutes away from Lincolnway mall, and route 30 with great commercial strength and development. Neighborhood: blocks away from highly regarded Oakwood Park. Beautiful community with overgrown trees, sidewalks and home owner pride House: nice split-level home with brick, private backyard with overgrow trees. Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved. Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content.

    AFTER! BEFORE!

  • RENOVATION

    r 2015 SpringView Investment Management, LLC. All rights reserved. CASE STUDY #1 Matteson Page 2

    Harold Willig is manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig is also Chief Financial Officer of HFZ Capital Group, a position he has held since 2013, and Owner of Willig Advisory Services since 2000. Previously, he was a consultant with The Lightstone Group from 2008 to 2011; Chief Financial Officer of The Athena Group from 2004 to 2008, and an Auditor in the Real Estate Practice of Ernst & Young from 1998 to 2003. Mr. Willig is a CPA, and earned a Bachelors of

    Science in degree in Accounting from Yeshiva University in NYC.!

    This presentation is for informational purposes only and does not constitute a complete description of our investment services or performance., and is not a solicitation or an offer to sell securities or investment advisory services except, where applicable, in states where we are registered or where an exemption or exclusion from such registration exists. Information throughout this presentation, whether quotes, charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Past results are not an indication of future performance.

    SPRINGVIEW FUND LP: PRIVATE EQUITY REAL ESTATE FUND

    !

    Fund Facts

    Minimum Investment $100,000

    Management Fee 2.00%

    CASE STUDY #1 Oak Forest, IL!

    _________________________________________________________________________________________________________________________________________________________________________________!

    Expense Cost

    Plumbing $5,815

    HVAC $4,921

    Electricity $4,822

    Rough Carpentry $1,780

    Finish Carpentry $4,188

    Painting $3,956

    Drywall $3,750

    Dumpster/Demo $1,255

    SpringView Fund II Property Locations

    Matteson, home to 18,692 residents, is named after a former Illinois governor who was in office at the time the village was settled during the mid-19th century. German immigrants were the first to arrive; todays population still reflects its German, Irish and other ethnic roots. Currently, 82 percent of its residents are African American, with a small Latino population. !!The median household income in this prosperous community is $66,847, with 32.5% of workers employed in education, health care, and social services, and many in the scientific and administrative professions. The poverty rate is at 7%, with an unemployment rate of 8.9%. Nearly 93 percent of all Matteson residents have completed high school, with 30.7% completing a bachelors or advanced degree. More than 9% are military veterans. Matteson is also a youth-oriented community, with 41.2% of households including at least one person under age 18 considerably higher than the Illinois average of 33.4%. !

    About Matteson

    917-209-4452 www.springviewinvestments.com

    harold.willig@springviewinvestments.com!

    About the Manager

    Income and Expense Summary

    ____________________________________________________________________________________________________________________________________________________________________________________!

    Close Date Address Zip Area*

    Bed/Bath

    Purchase Price

    Monthly Rent Taxes

    Monthly Mgmt.

    Insur- ance Cash Flow Yield

    7/01/14 Violet Lane 60443 1,365 3/2 $140,000 $1,650 $5,226 $85 $300 $13,224 9.45%

    Expense Cost

    Carpeting $3,606

    Windows/Doors $1,125

    Hardwood Flooring $2,450

    Waterproofing $1,482

    Kitchen Appliances $5,246

    Roof Repair $1,354

    Siding, Tuckpointing $2,200

    TOTALS $49,730

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