Savoy Equity Partners reposted this
Transforming a dusty boat & RV storage lot into 239 homes with zero property tax for decades and a 4.5% fixed rate for 42 years. Impossible? We just cut the ribbon on exactly that. And the cherry on top: our investors won't pay any capital gains taxes on the appreciation when we sell in 10+ years. Key Features: ▪ 239 units in SE San Antonio (studios to 2-beds & townhomes) ▪ Fully amenitized common spaces ▪ 4.75% HUD 221D4 & 0% TDHCA loans, fixed for 42 years ▪ Opportunity Zone location with zero property tax This Opportunity Zone project is a game-changer for Southeast San Antonio, delivering much-needed housing in a rapidly growing area. Our innovative financing and tax structure provide long-term stability for both investors and residents. Local support was strong, with City Council members, the San Antonio Housing Trust, and local Chambers of Commerce attending our grand opening. Pre-leasing started just 10 days ago, and we've already leased 20 units—nearly everything currently move-in ready. We're on track for full delivery by Christmas. Our deal structure minimizes risk, and San Antonio's favorable demographics suggest strong long-term potential. The rapid pre-leasing confirms the demand we anticipated. Interested in learning more about the Texas real estate development that we do using the Opportunity Zone tax structure? Let's connect. Jarrett Woods Stuart Falkin G. Hunt Neurohr Bobby Wunderlick Savoy Equity Partners #RealEstateDevelopment #AffordableHousing #OpportunityZone