Amount needed to fund project
$1,100,000
Project value after completion
$2,150,000
Funding Deadline
November 3, 2020
Payout to investors
12% Annually
Project start date
November 4, 2020
Payout intervals
1% Monthly, No Servicing Fees
Anticipated completion date
April 1, 2022
About this project
The Payson Senior Apartment project will consist of 90 apartments with an average cost to build of $200,000 per unit and average rents of $1,300 per month. The project will take approximately 18 months to construct and the developer is ready to start now with city approved plans. South Haven Development has built a similar set of Senior Apartments in Lindon, Utah, shown here, named Avalon and the project was a complete success.
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