| 22 June 2010
We just received great news and I wanted to share it with everyone.
We have closed escrow and received funds in Klaraos Neighborhood Redevelopment 4. KNR 4 purchased a home on Cornejo Way in Sacramento on May 25th. The large home needed a decent amount of clean up to become move in ready, was done under budget, and the home was listed just 9 days after purchase. After just four days on the market, we opened escrow for the sale of Cornejo Way, with an all cash, quick close.
The funds have hit the account today, June 22, for a total hold time of 28 days! The purchase price was $237,000, and after all construction and closing costs, a little more than $259,000 was returned; representing an IRR north of 115%, yet another successful purchase and sale for Klaraos Neighborhood Redevelopment.
If you have any questions regarding KNR, please give us a call, and we will gladly share information on this investment opportunity.
Very Best,
Geoff Zahler
P.S. Here is a snapshot of the home on the day it went up for sale.
