These homes were originally slated for redevelopment by the Redevelopment Authority of Easton (ERA). Requirements were not met and the project was not complete. The ERA came to our group to purchase and complete the rehab. They wanted to assist and partner with us to help better the community. The ERA assisted us in getting grant funding for the rehab which helped increase our returns. In addition, we secured a construction line of credit from a local bank for the remaining cost to rehabilitate. After construction we rented 4 units and we have sold one home that helped us return a portion of our equity in the project. We handle all property management for this portfolio. Fully funded by general partners and our preferred bank.
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