Offered By
THE CIVIC
10290 San Pablo Avenue, El Cerrito, CA 94530
Prime Location.
High Returns.
Secured Investment.
Class A Investment
New Construction Loan
Accredited Investors Only
Target Raise:
$17 Million
Interest Rate:
10%
Debt Yield:
8.83%
Term Length:
24 Months*
Term length of 24 months, with ability for borrower to pay off early between 12-24 months at the dedicated interest rate*
Investment Opportunity: Target Raise $17 Million.
10290 San Pablo Avenue, El Cerrito, CA 94530
Welcome to an exceptional investment opportunity in the heart of El Cerrito, CA.
We are excited to present a $17 million dollar offering for a new construction of a 54-unit multi-family residential property at 10290 San Pablo Avenue. This modern 47,140 square-foot building is designed with contemporary aesthetics and functionality, promising a high return on investment in a prime location. Explore the offering memorandum for detailed information and discover the potential of this exceptional real estate asset. For more details, please visit the provided links or contact Brian Baniqued directly.
Investment Summary
10290 San Pablo Ave, El Cerrito, CA 94530
Deal Size: $17,000,000 (Debt Raise)
Debt Yield: 8.83%
Average In-Place Rent: $3,322/unit
Cap Rate: Sale 4.46%
Future Value: $31,800,000
Cap Rate: Keep 6.76%
Adjusted Cost Basis Owner: $23,000,000
Future Value Apartment: $31,500,000
Future Value Condominiums: $43,000,000
Prime Investment Opportunity in El Cerrito
Why Invest in El Cerrito?
Luxury Living in a Prime Location
Located at 10290 San Pablo Avenue, The Civic offers 54 high-end apartment units in the heart of El Cerrito. With nearby public transportation, shopping centers, and dining options, this property promises convenience and a vibrant urban lifestyle.
Exceptional Financial Potential
With a total project cost of $17 million and a future value of $31.8 million, this investment offers significant returns. The building’s prime location and design ensure high demand, providing an attractive cap rate of 6.76%.
Strategic Location Advantages
Situated near major highways and just minutes from the I-80 Freeway, The Civic provides easy access to San Francisco, Oakland, and Berkeley. Residents are within walking distance of BART stations and major retailers, enhancing the property's appeal.
Robust Public Transportation Links
Close proximity to BART, bus lines, and train stations ensures seamless connectivity for residents, supporting higher occupancy rates and a steady income stream for investors.
Proximity to Shopping and Dining
Nearby shopping centers like El Cerrito Plaza and various dining options enhance the living experience. Residents will enjoy easy access to everyday essentials and diverse culinary experiences.
Future Growth and Appreciation
This shovel-ready project is set to meet the growing demand for luxury living in the Bay Area. With a future value estimated at $31.8 million, this investment promises significant appreciation and long-term growth.
Overview
AMENITIES HIGHLIGHTS
Located in downtown El Cerrito along San Pablo Avenue.
Close to Highway:
The Civic, centrally located, is 2 minutes from I-80 Freeway, and 15 minutes to San Francisco to the south and 1 hour from Sacramento
Near Shopping and Restaurants:
Close to nearby shopping Centers such as El Cerrito Plaza and walking distance to many food eateries and restaurants.
Close to San Francisco
Close to Downtown San Francisco, Golden Gate Park, Pier 39, Fisherman’s Wharf, and many other tourist attractions.
Public Transportation:
Close to BART, bus lines, and Trains
NEXT STEPS
This offering is open to “Accredited” and “Sophisticated” investors (506C offering).
Step 1.
Reach out and schedule a call with our IR team.
Step 2.
Learn about the Offering and commit your investment
Step 3.
Work with our team to sign the subscription agreement and KYC checks
Step 4.
Our Team will finalize your commitment and sign the subscription agreement
Reach out to learn how this deal could benefit you.
Ascend Partners Group
Our Sponsor
Brian Baniqued
Guarantor / Developer
Bio
Starting his real estate career in 1991 at the age of 18, Brian now commands more than 32 years of experience. Brian is a 2nd generation real estate broker, experienced real estate developer, commercial mortgage broker and sought after consultant in legal and investment planning with a key focus on cashflow opportunities with tax sheltered income strategies.
Brian possesses an expertise in syndications, financing and real estate investing, he has personally owned and managed a portfolio of 1,000+ multifamily apartments from California to New York, which is also what he guides his clients to achieve. Brian excels at asset planning strategies in both real estate and new business start-ups, value ads and has a strong background in apartments, condominium conversions, office and other complex investment structures including debt restructuring and Chapter 11 Bankruptcy. Fluent in Tagalog, semi-fluent in French.
In 2018 Brian along with his partners Marc Guzman and Davide Pio
teamed up to create BG Asset Management. BG Asset Management, (property management) is a separate sister corporation, that strives to attain their client’s goals (after the sale) in capital accumulation, capital preservation, risk deferment and everywhere in between. We manage assets as small as single-family homes to as large as 400+ unit assets throughout the San Francisco Bay Area and Sacramento.
Our Lender
Bio
Shawn entered the mortgage arena in 2001, learning subprime and hard money lending and the art of structuring a deal. His execution of out-of-the-box approaches to complicated deal structures has allowed Shawn to focus on solutions that have helped many of his clients achieve their objectives.
Shawn has been a licensed broker for almost 20 years and helped form several mortgage entities. At one time, he had over 30 agents under his license who consistently closed over $300M a year in subprime loans, with Shawn averaging over $30M a year in hard money loans in the form of bridge and construction lending. Shawn also focused on DRE compliance, marketing strategies and investor/bank relations.
In order to focus on small to mid-size developers and builders, Shawn created Trinity Capital. He honed his underwriting skills and expanded his capabilities which allows him to execute proforma, cash flow, and ROI analysis for select clients. He has developed relationships with many private fund managers and high net worth individuals and through his diverse network of contacts, he understands the ins and outs of the private lending world.
Shawn Sourgose
Lender
Schedule a call with our team to discuss this offering in detail.
Frequently Asked Question
What will my ROI be for the full 24 month term?
20% ROI
When is my dividend or interest earned paid out?
Between 12-24 months
Can I recoup my full investment before the term ends?
The investment will be returned after the asset is refinanced or sold within the 12-24 month term.
Post Address and Mail
Email: [email protected]
Address
2801 Pinole Valley Rd, Suite 210, Pinole, CA 94564
Get In Touch
Assistance Hours
Mon – Sat 9:00am – 8:00pm
Sunday – CLOSED
Phone Number:
(510) 588-5855
Office: 2801 Pinole Valley Rd, Suite 210, Pinole, CA 94564
Call (510) 588-5855
Email: [email protected]
