Minneapolis, Minn. — SaverNotes recently invested additional funds in a transaction to acquire and redevelop a 106,000 square foot retail center in Duluth, Minnesota. This additional investment is on top of the initial investment made in June 2016.
Minneapolis-based Founder and Chief Manager Dave Rasmussen represented SaverNotes in the transaction.
“The developer sought some additional equity investors to acquire and redevelop a retail center. The redevelopment includes bringing new tenants and a new look to the center. Total acquisition and redevelopment costs will be approximately $15 million. Total costs for the development include acquisition, tenant improvements, site improvements, leasing commissions and closing costs,” stated Rasmussen.
The co-investment with the developer provides a great return for SaverNotes and its investors.
About SaverNotes, LLC
Headquartered in Minneapolis, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
Regular | $10,000.00 to $99,999.99 | $100,000.00 to $249,999.99 | $250,000.00 or more |
IRA | $25,000.00 to $99,999.99 | $100,000.00 to $249,999.99 | $250,000.00 or more |
Term | Interest Rate | Interest Rate | Interest Rate |
2 Year | 3.00% | 3.25% | 3.50% |
3 Year | 4.00% | 4.25% | 4.50% |
5 Year | 6.00% | 6.25% | 6.50% |
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. In addition to the stated interest, investors earn a “kicker” of 10% of SaverNotes annual profits. Current rates range from 3.00% to 6.50% based on terms of two to five years and amount invested. Investors can also invest through their IRA account.
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.
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Headquartered in Eden Prairie, MN., SaveNotes, LLC provides a unique alternative to stocks, bonds and CD’s by providing fixed income with high return, while remaining easy to invest.
SaverNotes pays interest to its investors based on a variety of available investment amounts and maturity dates. SaverNotes have no fees or expenses and are available for any Minnesota investor. Current rates range from 3.00% to 6.00% based on terms of two to five years. Investors can also invest through their IRA account.
Regular | $2,000 + |
IRA | $25,000 + |
Term | Interest Rate |
2 Year | 3.00% |
3 Year | 4.00% |
5 Year | 6.00% |
Learn about how this investment fund was made possible through our investment partnerships and our experienced legal, wealth management, banking and accounting advisors at www.SaverNotes.com.