Affinity Capital Fund

Flip
Direct Owner

Norfolk, VA
Projected ARV: $120,000

Purchased: $20,000
Construction Cost: $40,000
Projected Gain: $60,000
Status: SOLD

New Construction
Joint Venture

Ocean View Norfolk, VA
Projected ARV: $2,000,000

Purchased: $168,000 (Land)
Construction Cost: $1,200,000
Projected Gain: $600,000
Status: SOLD

Office to Condos
Joint Venture

Granby St, Norfolk, VA
Projected ARV: $10,000,000

Purchased: $800,000
Construction Cost: $6,500,000
Projected Gain: $2,700,000
Status: SOLD

Flip
Direct Owner

Portsmouth, VA
Projected ARV: $168,000

Purchased: $80,000
Construction Cost: $40,000
Projected Gain: 48,000
Status: SOLD

Multifamily 300 Units
Co-owner

Newport News, VA
Projected ARV: $49,100,000
Projected Refi: $31,100,000

Purchased: $13,289,000
Construction Cost: $4,000,000
Projected Gain: $12,000,000
Status: Completed $31M
Refi January 2022

Multifamily 215 Units
Joint Venture

Virginia Beach, VA
Projected ARV: $30,000,000

Purchased: $18,500,000
Construction Cost: $3,000,000
Projected Gain: $8,500,000
Status: Renovation

Multifamily 700 Units
Joint Venture

Jacksonville, NC
Projected ARV: $100,000,000

Purchased: $16,000,000
Construction Cost: $25,000,000
Projected Gain: $59,000,000
Status: Renovation

Flip
Direct Owner

Norfolk, VA
Projected ARV: $388,000

Purchased: $170,000
Construction Cost: $130,000
Projected Gain: $88,000 Status: Renovation

Multifamily 22 Units
Direct Owner

Norfolk, VA
Projected ARV: $3,000,000

Purchased: $1,000,000
Construction Cost: $500,000
Projected Gain: $1,500,000 Status: Under contract

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