Our latest fund is now open!
Melbourne, Florida
Space Coast Submarket
Fund closes in:
Fund Progress
Updated every 24 hours*
Benefits of Investing with Coachwood Capital.
- Higher returns relative to Canadian markets.
- Paddleboard Townhomes is located in a B+ location in a global A class market.
- Melbourne, Florida, benefits from its proximity to Orlando, the 9th fastest growing US market, offering promising real estate opportunities.
- Coachwood does all of the heavy lifting to make this a truly passive investment.
- Paddleboard Townhomes has the potential to offer superior returns passively compared to an actively managed portfolio in Canadian markets.
- Higher returns relative to Canadian markets.
- Paddleboard Townhomes is located in a B+ location in a global A class market.
- Melbourne, Florida, benefits from its proximity to Orlando, the 9th fastest growing US market, offering promising real estate opportunities.
- Coachwood does all of the heavy lifting to make this a truly passive investment.
- Paddleboard Townhomes has the potential to offer superior returns passively compared to an actively managed portfolio in Canadian markets.
- Melbourne, Florida, capitalizes on its proximity to Orlando, a market with one of the strongest job and population migrations in the US, enhancing its real estate potential.
- Limited partners assume only limited risk according to the percentage of their ownership.
- Partnering with a team of experienced professionals.
- Leveraging our underwriting process to select properties.
- Reducing expense ratios and increasing returns by pooling funds through economies of scale.
Open to Accredited & Non-Accredited Investors.
ROI: Target Return on Investment over a 5-year term.
Target Cash on Cash Return over a 5-year term.
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Purchase Cap Rate 4.68%
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Target Exit Cap Rate 4.30%
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Expense Ratio 30%
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Occupancy as of 05/23 60 day lease up
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Purchase Price $ 5,361,200
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Average Unit sq ft 1,560 sq ft
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Hold Time 5-7 years
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Total Fund $1,981,000
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LTV 65%
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Cash on Cash Return (5y Avg.) 9.91%
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Target ROI (5 years) 58-121%
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Target ROI (Annualized) 12-24%
Explore the Paddleboard Townhomes presentation, which provides a comprehensive overview of this exciting property opportunity, including a detailed breakdown of the financial aspects and key features.
View the full Offering Memorandum here.
Take a look at our most frequently asked questions about this investment opportunity.
Distributions are paid directly into your account monthly according to the cashflow of the previous month.
Watch this video for a detailed explanation <<<<
Distribution is not necessarily treated as a dividend but will retain its character from an income tax perspective (i.e. rental income, capital gain, interest, etc.). Depending on performance of the LP, initial distributions may also be treated as a “return of capital.”
To simplify with a reasonable assumption, the LP will likely have “rental income” or “rental loss” in each year until it sells the property, therefore the investors will get a tax slip with their proportionate share of this “rental income” or “rental loss”. At disposition, there will likely be a “capital gain”. Investors will then get a tax slip with their proportionate share of this “capital gain”.
Because of depreciation and other costs there may actually be a “loss” or “rental loss” for tax purposes in the US LP. If this is the case, when Coachwood Capital makes distributions, there will be no “income” to distribute and the distribution will be treated as a “return of capital” from an accounting perspectives.
The US LP will be depreciating the properties pursuant to US income tax rules, therefore investors will obtain the benefit of these deductions.
We only accept US funds.
You can be an accredited investor, familiy and/or friend, or business associate of someone on the Coachwood team. If you any questions regarding this requirement or if you are not sure if you quality please reach out to us for more information.
Yes, we can send distributions to an American bank account.
Investors have the option of selling their shares to another qualified investor. If the investor cannot find a qualified investor, the investor can engage Coachwood Capital to find a buyer for a fee.
Unfortunately, we cannot predict a black swan event. But, what Coachwood does is choose properties that are capable of still performing if in fact such an event occurs. Furthermore, our CEO Dan Crosby started his journey during the 2008 real estate market crash, which was to date one of the most dramatic crashes the market has seen. You can be rest assured we have the experience and knowledge to deal which such events.
Yes, we can accept both Canadian and US investors.
Unfortunately, it will not allow you to have a personal US address.
The risks are outlined in the Investor Presentation and similar to any other real estate investment. However, because of our extensive experience and knowledge we feel confident in our ability to reduce these potential risks as much as possible by choosing the right property, using conservative underwriting, and managing the properties properly.
