New Deal Alert - Bridges At Chapel Hill

We wanted to highlight a new invest opportunity - Bridges at Chapel Hill - that you can check out at https://app.decyph.ai under Deal Exchange. You can now also analyze the market/submarket to check out demographic trends, rental yields, supply/demand dynamics, net absorption, historic cap rates and more before deciding where you invest.

Deal Summary:

Sponsor: Matheson Cap - regional player with 17 acquisitions with 13 in the Carolinas and 2 in Carrboro

Property: 144 unit apartment building built in 1990 located in the Raleigh-Durham-Chapel Hill MSA near UNC

Returns: IRR: 18%, Equity multiple: 2.1x 

Strategy: Value add / Tax abatement. The strategy here is to: 

1) Utilize the NC Tax abatement program to boost NOI. 

2) Renovate older units to boost rents while adhering to 80% AMI restrictions 

About us:

DeCyph is a startup that has helped LPs like you invest over $1.5 Million in various CRE deals over the last month. We provide totally independent analysis and DO NOT take any compensation from GPs to feature their deals. Our goal is simply to bring investors like you access to more opportunities and equip you with the tools to make smarter investment decisions.

If you are seriously looking for investment opportunities check out our Deal Exchange or upload your own investment deck under Offering Checklist to see what our model flags for review. It’s FREE to use so signup now at https://app.decyph.ai .

Please email us at [email protected] with any questions. We can help run deep detailed underwriting analysis for our users and train them on how to evaluate these deals.