Crowdfunding Comes to the Hamptons
A rare opportunity for an investment in New York's most desirable real estate market.
The Hamptons, NY, March 3, 2016 (Newswire.com) - Sterling & Vertue Partners are bringing to market a rare investment opportunity in The Hamptons. According to plan, ground will soon be broken on two neighboring lots located in the Georgica section of East Hampton. Through luxury crowdfunding site MacroCrowd, equity participation in these properties will be made available to the general public.
Starting at $5,000 per unit, MacroCrowd will look to raise $4.5 million dollars through an equity crowdfunding campaign. All funds raised for this project will be held in escrow by an SEC registered brokerage firm until the funding goal is reached. In the unlikely event funding goals are not met, all funds held in escrow will be returned to investors. Once the funding goal has been reached, no more investors will be accepted.
Since the passing of the JOBS act in 2012, crowdfunding has experienced a massive surge in popularity, mainly by providing steady, reliable returns. For their participation in this project, investors will be rewarded with a 7% annual interest rate and a targeted cash return of 25% IRR.
According to sales data from Douglas Elliman, who will serve as broker on the properties, the average sales price of homes in The Hamptons set an all-time record in 2015. New construction is rare in East Hampton and two new, semi-custom luxury homes are a welcome addition.
The properties will be available for investment through MacroCrowd starting February, 2015. The minimum amount per investor is $5,000. The offering is only available to accredited investors.
For more information on this property, visit www.MacroCrowd.com
For financial inquiries, please contact Michael Reuben at (347) 801-5521
About Sterling & Vertue, LLC
Sterling & Vertue specializes in land acquisition and custom/semi-custom homebuilding in luxury and resort markets in the northeastern United States.
About MacroCrowd
MacroCrowd is a luxury crowdfunding platform, whose mission is to bring institutional quality real estate investments within the reach of regular investors.
About Douglas Elliman
Douglas Elliman is the largest residential real estate brokerage in the New York metropolitan area and the fourth largest real estate company in the United States.