PINE STREET Apartments
Pine Street Apartments is a 21-unit urban infill apartment complex located in a high-growth neighborhood in San Antonio, Texas. The property, situated on a corner lot with alley access, encompasses a three-floor, 29,000 square foot residential condominium offering 100% market-rate units.
Location
Projected IRR
Term
Realized IRR
Min. Investment
Preferred Returns
Investment Potential
Pine Street Apartments presents a prime investment opportunity in San Antonio’s burgeoning urban core. This 21-unit complex, strategically located in a high-growth neighborhood, offers unique features such as an outdoor elevator, green walls, and a rooftop patio, ensuring high market demand.
Situated near key districts and major employment hubs, the development aims for strong rental appeal and occupancy rates. With its modern amenities and sustainable design, Pine Street Apartments is poised to capitalize on the city’s dynamic growth, providing investors long-term value.
Key Investment Details
- Term: 2 Years
- Project Raise: $2.3 million
- Minimum Investment: $20,000
- Profit Split: 70/30%
- Projected IRR: 22%
- Preferred Return: 8%
Investment Types
- Fix & Flip Loans
Short-term loans provided to renovate and resell single-family homes, allowing borrowers to capitalize on property value improvements. - Ground-Up Construction Loans
Loans for the development of new construction projects, offering capital for the building process from start to finish. - Bridge Loans
Short-term loans designed to bridge the gap for real estate investors, helping them secure properties before long-term financing is in place. - Secured with First Trust Deed Liens
All loans are secured with first-priority mortgage liens on the underlying real estate, ensuring added protection for investors.
Investment Process
- Loan Origination
Loans are sourced through Paradyme’s extensive network of regional and national real estate developers, investors, and brokers, ensuring access to prime investment opportunities. - Loan Processing
Our in-house team handles the processing, utilizing third-party vendors for thorough due diligence, including appraisals, environmental checks, and property inspections. - Credit Approval Process
Each loan undergoes a two-step approval process: an initial screening and a comprehensive review of due diligence documents before funding is approved. - Loan Restructuring & Workouts
Our experienced team actively manages distressed loans, restructuring them to minimize defaults and preserve capital, ensuring investor security.
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Explore the Project
Pine Street Apartments is a 21-unit urban infill project in San Antonio, featuring larger-than-average two and three-bedroom units. Exclusively sourced off-market, the property benefits from a strategic location within the city’s original 36 miles and reflects comprehensive neighborhood planning. Surrounded by thriving districts and major employment hubs, this development is poised for strong market demand and offers significant investment potential.
Market Analysis
Our upcoming residential development offers two-three bedroom units ranging from 1,250 to 1,500 square feet, with rental rates from $1.95-$2.05 per square foot.We anticipate achieving 100% occupancy upon completion, providing strong rental income ahead of the projected divestiture at month 18 at a favorable 4.0% cap rate.
Location Benefits
Nestled in a prime location, our property is just seven blocks from the vibrant Pearl Entertainment District and a mere two blocks from Fort Sam Houston. This area benefits from proximity to the newly relocated headquarters of San Antonio Colleges, Credit Human, and Jefferson Bank, and is adjacent to medical professional services employers, supporting a robust local workforce of approximately 32,000 employees.
Unique Features
Our unique community stands out as the only one in the area featuring an outdoor elevator, complemented by sustainable and visually appealing green walls. Residents can enjoy a range of amenities, including a private dog run, a rooftop patio, and 42 dedicated parking spaces. Additionally, there is exciting potential for public enhancements like a city-funded micro park and a photovoltaic carport under the TIRZ program, enriching both the property and the neighborhood.
Market Analysis
- $500M+ – Recent investment in RV & boat storage, backed by Goldman Sachs, reinforcing market confidence.
- 124 Properties | $556M – RV & boat storage properties sold in 2022, demonstrating strong liquidity and investor demand.
- +18% Growth – Year-over-year increase in RV shipments, driving greater demand for premium storage solutions.
- $1M per Acre – Despite a 50% drop in transaction volume in 2023, land values remain near record highs, proving market resilience.
- $6.8T Wellness Market – Global wellness industry projected to reach $9T by 2028 at a 7.3% CAGR.
Location Benefits
- 600+ Acres – New storage facilities added between 2022-23, highlighting rapid industry expansion.
- $80B Projected Market – The RV & boat storage industry is expected to reach $80B by 2035, ensuring long-term investment stability.
- $55B+ RV & Boat Sales Market – RV and boat ownership fueling the need for premium storage solutions.
- 72.9M Gym Members – U.S. fitness facility memberships reached an all-time high in 2023, signaling strong demand for fitness amenities.
- 5.8% Membership Growth – Year-over-year increase in fitness memberships, reflecting the growing focus on health and wellness.
Unique Features
- 1M+ Visitors Annually – Lake Havasu attracts a massive tourism market, driving demand for lifestyle investments.
- 750,000 Sq. Ft. of Retail – Barn Caves is positioned near major shopping, dining, and entertainment centers.
- High Demand for Storage – Chronic shortage of RV and boat storage in Lake Havasu, with over 800 facilities in the U.S. nearing capacity.
- Scarcity of Premium Storage – Growing RV and boat ownership fuels demand for customizable storage solutions.
- Wellness Facility Demand – As the global wellness industry is projected to reach $9 trillion by 2028, the demand for fitness and wellness amenities is growing rapidly.
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FAQs
Explore our frequently asked questions about this project
The minimum investment amount for the Pine Street Apartments project is $20.000
The projected Internal Rate of Return (IRR) is 22%, with a profit split of 70/30%
The Pine Street Apartments are expecting full occupancy upon completion of the project.