• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to footer

Tenacity Holdings

Financial Success Grows Here

  • About
    • Tessa & Mark
    • Our Partners
    • Community Impact
  • Land Development
    • Completed Projects
    • Current Raise
  • Why Invest
    • The Process
    • Creating Wealth
  • Contact
  • About
    • Tessa & Mark
    • Our Partners
    • Community Impact
  • Land Development
    • Completed Projects
    • Current Raise
  • Why Invest
    • The Process
    • Creating Wealth
  • Contact

Lakeview Estates

Minimum Investment
$100,000

Target Hold
60 months

Annualized Returns
15.00%

100% Funded

Project Summary

Overview

Tenacity Holdings plans to construct a 194 unit community of equal 1 bedroom and 2 bedroom units (50%/50% mix) based on a shift in trends from single residents, predominately females ages 75 and older, to more couples ages 67 and older with an active lifestyle and structured covered
parking.

The original HUD concept application followed an older more seasoned model of 177 units targeting an older population. The community we are creating is more of a “Del Webb” style of active adults that are downsizing from a 2,000+ sf house, yet who still require luxury living.

We anticipate rents to exceed $2.00/sf but are reflecting $1.95 in our model. We are providing 300+ structured parking spaces, children’s splash park, pet hotel/wash station and a dog park. We have an approximately 5,000 sf clubhouse that compliments Lakeview Estates’ 5 pools, 12,000 sf
pavilion and amphitheater. We also provide concierge services and over 200 social activity clubs including yachting, kayaking, beach activities, edgeless pool with water exercise, and golf.

The total development budget is $37,251,104. We have received a HUD letter of invitation and are preparing HUD pre-application documents for a HUD loan of $29,970,000. We are seeking an equity partner for a total of $7,281,104 equity for a 3-5 year term and are projecting a 22% IRR on the equity investment.

By the Numbers

Contact Us   Return to All Projects

Footer

Get In Touch

Tenacity

Tenacity Holdings
11950 75th Street NE
Otsego, Minnesota 55301

(651) 492-3548 | Tessa Kennedy
(763) 607-6800 | Mark Ketchum

Connect With Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Information

  • About Us
  • Land Development Projects
  • Why Invest Now
  • Contact Us

Our Partners

  • The Phoenix Group
  • The George Group North
  • Chestnut Cambronne
  • Silicon Prairie Portal & Exchange

Quick Contact

Copyright © 2023 Tenacity Holdings. All rights reserved. Website Design by Flying Orange.

Download the Guide

Your ONE hour Passive Investing Education.
A quick guide to growing GENERATIONAL WEALTH

 

Tenacity GENERATIONAL WEALTH

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! Please check your email for the guide to growing GENERATIONAL WEALTH