Cargominiums Opportunity Fund LLC | Cargominiums Opportunity Fund LLC
|Fund Name||Cargominiums Opportunity Fund LLC|
|Fund Manager or Organizer(s)||Graham Allison|
Affordable Housing, Community Revitalization, Economic Development, Renewable Energy Investment, Other
|If Other, Please Specify:||Impact investment|
|Additional Fund Details|
The Cargominiums Opportunity Fund LLC will complete a $6.6 million impact investment in the City of Columbus, Franklin County, Ohio. The 100-bed affordable housing solution will provide safe, modern, and sustainable transitional housing for restored citizens looking for a second chance through the State of Ohio’s Exit Program. Cargominiums Opportunity Fund is raising $4.2 million to complete construction of the 25-unit building using 54 shipping containers. Fully permitted and shovel ready, the Cargominium construction will be completed within nine (9) months with full occupancy scheduled for April 2020. In addition to assisting our nonprofit partner NISRE, Inc., in driving down recidivism rates for ex-felons, the Cargominiums Opportunity Fund is targeting a 15.444% IRR for investors over a 10-year holding period. Interested investors are subject to verification as accredited investors under Rule 506(c) of Regulation D of the Securities Act of 1933.
Opportunity Zone Development Group was formed to take full advantage of the capital incentives and community improvement mission of Opportunity Zones. Besides expertise in application of Opportunity Zone incentives, we bring investors and property owners an added advantage: decades of experience in financing, design, PR and government relations, construction, administration, and property management, all under a single accountability. Today, investors in emergent communities can rely on a full-service development model usually reserved for the largest players in real estate.
|Job Title||CEO and Co-Founder|
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