Unique Deal 3-21-23

Safeguard is launching an exciting new investment program and we want you to have the first opportunity to participate. Our newest markets and note opportunities are now being offered with client rebates up to $1000!

In this offering, Safeguard presents an opportunity in Cleveland, OH; a new opportunity for a new type of investor. This is a fully renovated recording studio with 27 individual studio spaces for musicians.

• Address: 1001 Belt Line St, Cleveland, OH 44109
• Requested Note Amount: $200,000 (can be reduced upon request)
• Appraised value: $320,000
• LTV: 63%
• Interest rate 10.5%
• Term: 3 years
• Monthly Interest Payment: $1,750

• The 27 individual studios have had complete renovations completed in 2022.

• Roof replacement completed in 2018. 
• Exterior refreshment completed summer 2022.
• Electrical upgrades and replacements completed in 2020. 
• Plumbing and bathroom renovations completed 2023. 
• Upgraded safety features including new steel doors and exterior lighting.

Current cashflow for this property is just above $6,000 per month with pacing to reach $10,000 monthly by the end of 2023. With multiple long term leases, a stack of applications and rents on the rise, a mortgage commitment to you of $1750 is well within budget. This balance of cashflow to cost has Safeguard giving this particular mortgage its highest safety rating.

Our local vendor partner, who lives and operates in the greater Cleveland area, has committed to a joint venture on this particular property. Both partners are current Safeguard approved vendors with multiple properties and investments spanning over 6 years with Safeguard.

Interest in this property is high and we don’t anticipate it being available for long. If you’d like more information regarding this property and its vendor you can request our full 41 page evaluation and information package.

Got a question? Ready to secure this investment? It’s as easy as responding to this email!

Make your next investment a Safeguard investment.