Funding

Funding Needed
$37.15 (Mio)
EB5 Funding
$7 (Mio)
EB-5 Investors
14
Investment Amount
$500,000

Jobs

Job Creation per Investor
12.8
Job Creation (Total)
179
Category
Construction
Sub-Category
New Multifamily Housing Construction (except For-Sale Builders)

Location

State
Florida
Location
SW of Dunn Avenue and Jimmy Ann Drive, Daytona Beach, Florida

0 followers

Last Update: February 04, 2015 01:01 PM

Your Project was viewed 55 times (totally).

For the last 7 days 0 times.

Tradewinds Daytona


Developer Name
Z Loft, LLC

Project Description

Tradewinds Daytona (or the “Project”) is a proposed student apartment community to be located at the southwest corner of Dunn Avenue and Jimmy Ann Drive in Daytona Beach (approximately 1 mile north of International Speedway Boulevard). The Project site is located just behind the Volusia Mall and approximately 1 mile from Daytona International Speedway and Embry-Riddle Aeronautical University. 
The community will be comprised of 240 units (capable of housing 570 students) in 11 garden style buildings and situated on 21.3 acres. The property will be targeted for students and will have a variety of amenities suited to student living including: individual leases for roommates, furnished apartments including HDTVs, gated entrances, a 10,000 SF clubhouse with resort style pool, a health club, an indoor basketball court, and a sand volleyball court. In addition, the monthly rent will include utilities (water, sewer, electric), cable and internet service all in one bill. This separation of financial responsibilities is a major benefit to students on a budget as well as to their parents who guarantee the leases. 
The property has all entitlements in place and construction will begin as soon as an equity source has been located. The Sponsor has a Senior Lender waiting to commit pending the equity source. Construction is estimated to finish in 12 months.
The Project is being sponsored by Z Loft, LLC (Ronald Buckley and Ton Van Mook), a seasoned firm with extensive student housing experience. The Sponsor will invest $1.25mm in equity. The sponsor has requested an investment of $7.0mm. 

 


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.