FOR IMMEDIATE RELEASE
Minneapolis, Minn. — SaverNotes is pleased to announce that we have invested in an acquisition redevelopment of a 140 unit mid-rise value add multifamily property located in Brooklyn Center, MN.
Minneapolis-based Founder and Chief Manager Dave Rasmussen represented SaverNotes in the transaction.
“The developer sought some additional equity investors to acquire and redevelop this visibility mid-rise multifamily property. The redevelopment includes upgrading units, adding common area amenities and adding two roof top decks. There is significant room for higher rents, increase occupancy and strong appreciation of the asset. Total acquisition and redevelopment costs will be approximately $11 million. Total costs for the development include acquisition, unit upgrades, addition of common area amenities, site improvements and closing costs,” stated Rasmussen.
The co-investment with the developer provides a great return for SaverNotes and its investors.
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.