Landmark at Monaco Gardens Charlotte, NC

Investment Type
Asset Profile
Value Add
Min. Investment
Estimated Hold
Target Return (IRR)
Target Annual Cash
Target Equity Multiple

Offered By

Hudson Capital Properties
Experienced Sponsor

New York, NY

Login or Register to See More Details

Available to Registered Users

  • Get to know the sponsor behind the offering with key information
  • See an overview of their experience and success
  • Understand their investment strategies
  • Easy access to contact the sponsor directly to learn more
Assets Under

Portfolio LTV
Realized Returns

Total IRR
Equity Multiple
Annual Cash
Years Of

As Principals
30+ years
In Business
8 years
10 Staff
* All information is reported by Hudson Capital Properties as of 2/1/2017.

About this Property

Hudson Capital Properties is pleased to offer accredited investors the opportunity to participate in the acquisition of a 276-unit multifamily property located in Charlotte, NC. Landmark at Monaco Gardens was built in 1991 and is located in the University City submarket, less than a mile from the University of North Carolina Charlotte campus. Landmark presents investors with the unique opportunity to invest in a great asset located in the growing University City submarket that stands to benefit from both organic submarket growth as well as the delivery of the new Lynx Light Rail Line in 2017. It is HCP’s plan to immediately put in place a Capital Expenditure Plan that accomplishes the following objectives:

- Increase curb appeal by painting the trim of the buildings, a full property power wash and a restripe and seal of the parking lot - Solidify a branding strategy that creates an identity for the asset that gives tenants and prospects a sense of place that they identify as an attractive place to call home - Spend $9,500 per unit on unit interior renovations that will include new stainless steel appliances, faux granite countertops, faux wood vinyl floors, new cabinet boxes/doors/hardware, new plumbing fixtures, 6 panel doors, and 2 inch blinds - Spend $2,000 per unit on exterior and amenity renovations/upgrades

Hudson feels with its upgrade package and superior access to the new rail line and walkability to UNC-Charlotte that the property stands to see a minimum of a $150/premium on upgraded units.

The property boasts best in class amenities including a newly renovated clubhouse, a swimming pool with expansive sun deck, a 24 fitness center, a lighted tennis court, and a fenced in dog park.

Read more Read less

Key Points

  • Anticipated Closing Date: 3/2/2017
  • Projected Average Cash on Cash Return: 8.00% (over the estimated five year hold period)
  • Projected Project Level IRR & Equity Multiple: 16-18% and 2.04x, respectively
  • Financing: Ten Year Agency ARM with 5 Years of Interest Only at 70% Loan-To-Value
  • Hold Period: 5-6 Years
  • Net Gain on Capital: $10,346,342


Login or Register to View Financials

Available to Accredited Investors:

  • Get an overview of important financial details to make a smarter investment
  • Analyze the financial proforma to see how projected returns are distributed over time
  • Review source and uses and other important details

Location Details

Charlotte, NC

Charlotte is North Carolina's largest city and the second largest financial services center in the United States after New York.

The property is located in the university submarket, 0.7 miles from the UNC Charlotte campus which now has an enrollment of 28,000 students and has 3,000+ employees. The submarket is expected to receive a large economic boost with the delivery of the Lynx Light Rail line in 2017 which will provide direct connectivity to uptown Charlotte, home to the United State’s second largest financial center.

The Light Rail station is within walking distance (0.5 miles) from the property. The University City submarket consists of well-educated Millennials with an average age of 29 year old, 76% college graduates and an average household income of around $85,000.

Read more Read less


Login or Register to View Documents

Available to Accredited Investors:

  • View, download, and print the offering PPM (Private Placement Memorandum)
  • View, download, and print the detailed financial projections
  • Access all of the important documents for this offering in one place

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for April 2017.

Distributions are scheduled to go out on a monthly basis.

Yes, non-US residents are welcome to apply.

No, this offering is not available for 1031 exchange.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send Hudson Capital Properties and/or RealCrowd a message. If you have a question about this offering ask Hudson Capital Properties. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

We'll get back to you soon!

In the meantime, you can create an account to view detailed information about Landmark at Monaco Gardens.

In the meantime, please review the offering documents and financials.

Access passive income deals and become a better investor today with our free eight day educational email series.

Free e-book "Commercial Real Estate 101" for signing up.