Amount needed to fund project
$1,100,000
Project value after completion
$12,500,000
Funding Deadline
August 15, 2018
Payout to investors
12% Annually
Project start date
August 17, 2018
Payout intervals
1% Monthly, No Servicing Fees
Anticipated completion date
July 1, 2020
About this project
Bellaview Assisted Living will be constructed on the border of both a large residential area in Lehi, UT, next to a medical clinic, a few blocks away from a hospital, and extremely close to one of the fastest growing areas in northern Utah called Traverse Mountain with shopping, lodging, and dining for visiting family members. The Fund will participate in the required down-payment needed to receive inexpensive bank funds and the land owner is a partner with the developer and will not be paid for the land, but rather join the developer as a partner in the assisted living center. This starts the Fund out in a great equity position. There will be 73 rooms with an operating staff chosen to take care of those that live at Bellaview, a cafeteria, theater, etc., etc. The developer, Southhaven Development, has completed three similar projects in the county within the past few years. The expected time to repay SPF is within 2 years.
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