🏆 Biggest LOI in Haven's history — just submitted.
Three years into building our company and today we crossed a threshold I wasn't sure when we'd ever hit. Is there fear? Absolutely. This is the biggest swing we've taken. But fear doesn't get to drive. Faith goes first. We trust the process we've built, the team we've assembled, and the God who opened this door. We just submitted a Letter of Intent on an 81-unit, two-property multifamily portfolio in Roanoke, Virginia — $6,800,000 combined purchase price. Valley View Gardens and Forest Hill. Two properties, one transaction, one vision. This is a true syndication. Here's how the deal is structured: Purchase price $6,800,000 LP equity raise ~$1,985,400 Preferred return 6% non-cumulative Profit split 70% LP / 30% GP Target IRR 17% – 19.5% Target equity multiple 2.10x – 2.25x The waterfall is clean: investors receive their 6% preferred return first, then full capital return at the Year 3 liquidity event (FH sale + VV agency refinance), then 70/30 on everything after that — no further capital hurdle. Year 3 is the inflection point. Forest Hill gets sold at stabilized value, Valley View gets refinanced into agency non-recourse debt at a lower rate — and the combined event targets returning over 100% of investor capital in a single distribution before we ever get to the long-term VV hold. The underwriting is sound, the market is right, and the people around us are the right ones to execute. If we ink this LOI and move to contract — this community will have the opportunity to invest alongside us. That's the whole point of building this together. More updates as they come. Pray it up. 🙏