Description

The Lyon is a 127 unit 11 story multifamily project located in a premium downtown location. With lower risk fixed rate leverage (67% LTV) this project is perfect for investors looking for more security and a conservative investment, yet desire strong upside.
Completely renovated units to A Class standards, a skyline terrace, complimentary coffee bar, fitness studio, bicycle storage and on-site parking availability make it appealing to long-term renters.
Located in the desirable Des Moines market which is the #1 Hottest Cities for Jobs. A+ Location in the rapidly growing East Village neighborhood of Des Moines

Project Details:

Project Sources: $20,358,179
Project Timeline:
7 Years
Projected Returns:
6% preferred return yearly
Projected Equity Multiple:
2.25x
Location:
Des Moines, IA
Strategy:
Value-Add Equity Growth
Status:
Owned

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