| The Overlook is a lavish 38-unit waterfront multifamily asset with a heated pool, a barbecue pavilion, a clubhouse, a rooftop area, and beach access. |
| Able to accommodate up to 415 guests, with a compelling valuation, and the seller is offering an 8.72% cap rate based on 3rd-party rental projections. |
| Attractive financing options for buyers at an 80.0% LTV purchase financing can be provided at a rate below 7.0% P&I (as of October 29, 2024). |
| Located within an Opportunity Zone about 45 minutes from Panama City, providing strong financial returns and meaningful economic impact. |
| Anticipate strong returns of 20.0% IRR, 2.45x MOIC based on a five-year hold, with 10.5%+ cash-on-cash annual yield, based on stabilized cash flows. |
| Downtown Port St. Joe Location: Only 3 minutes from boat launch, 5 minutes to the grocery store and restaurants, and 2 minutes from beach access. |
