Investment Opportunity: 318 W Grand Ave, Chicago - Feasibility

[Emmanuel Mulongo]

Dhahabu Associates

Prepared by Emmanuel Mulongo, Managing Partner

Website: dhahabuassociates.com

Table of Contents

1. Executive Summary
2. Property Overview
3. Investment Opportunity
4. Use of Proceeds
5. Financial Projections
6. Terms of Investment
7. Risk Factors
8. Contact Information

1. Executive Summary

Dhahabu Associates is a private property fund led by Emmanuel Mulongo, a financial analyst specializing in financial statement analysis. We are excited to present a unique investment opportunity in the acquisition of 318 W Grand Ave, a 12-unit apartment building located in Chicago. This offering memorandum outlines the details of the investment opportunity and how you can become a part of it.

2. Property Overview

• Property Name: 318 W Grand Ave
• Type: 12-unit Apartment Building
• Location: Chicago, IL
• Property Value: $12,477,600 CAD
• Price per Unit: $1,039,800 CAD
• Capitalization Rate (Cap Rate): 6.12%

3. Investment Opportunity

Dhahabu Associates is seeking to raise CAD$8,000,000 or USD$5,800,000 to fund the acquisition of 318 W Grand Ave. To secure this property, we plan to make a down payment of 50% on the purchase price.

4. Use of Proceeds

The proceeds from this investment offering will be used for the following purposes:

• Property acquisition and down payment.
• Closing costs, legal fees, and other related expenses.
• Capital improvements and renovations.
• Property management and operational expenses.
• Potential future property acquisitions within the fund's strategy.

5. Financial Projections

At a 6% cap rate, rental income is estimated to be roughly $700,000/year, specific details can be provided.

6. Terms of Investment

• Minimum Investment: USD$10,000 per investor
• Maximum Investment: USD$70,000 per investor
• Security Type: Limited Partnership Units
• Price per Security: $10
• Dividend: $0.24 p.a

As we are a Canadian company, we will be using the offering memorandum exemption which restricts accredited investors to CAD$100,000 maximum capital investments.

7. Risk Factors

Investing in real estate and property funds involves risks, including but not limited to market fluctuations, property-specific risks, and the potential for loss of capital.

8. Contact Information

To receive a subscription agreement, please contact Emmanuel Mulongo, Managing Partner of Dhahabu Associates, at the following:

• Phone: 647-525-1459
• Website: www.dhahabuassociates.com
  

Thank you for considering this investment opportunity with Dhahabu Associates. We look forward to discussing how you can become a part of our property fund and the potential benefits it offers.