
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