Backed by Real Estate Renovation
Best real estate developers are working hard for you
EVITA security token is issued by Evita Investment Inc. (a Delaware C-Corp, EIN 32-0672313) and it's subsidiaries.
Each token is backed by the portfolio of equity shares in real estate developing LLPs across the US 🇺🇸
🏡 What's Real Estate Developing LLP?
It's a private company which:
Owns the real estate property
Renovates or develops it
Fills it with tenants
Manages operations
And sells it to the large fund at the end of the project.
A typical real estate renovation/development project goal is to find a discounted property in a great neighborhood, fix it, increase rental cash flow, and sell it for a higher price.
💰 Financing Structure
The breakdown is usually simple:
70% is a bank mortgage at low one-digit APY for many years.
30% is put by equity investors, who own the LLP (Evita is here).
The mortgage is a senior debt to LLP investors. That means in case of a serious issue (LLP is not paying for mortgage, for example) the bank has the primary right to claim the property, liquidate it, grab its money back, and leave the rest to the LLP.
🏫 Types of Real Estate in Evita
We will focus on multi-family for the beginning, and will expand further. Here's how our target investments may look like in different multi-family sub-markets:
Experienced Developers
We pick experienced teams from across the States, with a portfolio of 5+ successfully completed and/or operated properties in the specific sub-market.
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