LAKE PARK VILLAGES

NET LEASED INVESTMENT GROUP

3050 County Road 427, Tyler, TX 75704

❖ $TBD By Market ❖ 100% Occupancy

❖ 25 Duplexes / 50 Units ❖ 2017 YOC

❖ Assumable HUD Loan ❖ Non-Recourse Loan with 39 Years Left CAPITAL ADVISORS® ❖ Great Cash-on-Cash ❖ No Loan Assumption Fee Investment (Low Down Payment) Table of Contents TABLE OF CONTENTS

NET LEASED INVESTMENT GROUP

PAGE 3 Offering Summary

PAGE 4 Property Description

PAGE 5-6 Additional Photos

PAGE 7 Location/Aerial

PAGE 8 Floor Plan

PAGE 9 Site Plan

PAGE 10 Loan Terms/Schedule

PAGE 11-12 Proforma - Income & Expense

PAGE 13 Demographics

PAGE 14 Map

PAGE 15-16 Tyler, TX Information

PAGE 17-18 Agent Bios

PAGE 19 Contact Us

2 Offering Summary OFFERING SUMMARY

Offering Price Market to Determine Value Year 1 NOI (Proforma) $552,264 Land Area 7.60 Acres Terms Assumption No. Units 50 NET LEASED INVESTMENT GROUP Square Feet 69,800 Average Unit Size 1,396 Developed 2017 Buildings 25 Stories 1 Average Market Rent / Unit (Proforma) $1,350 Average Market Rent / Sqft (Proforma) $0.97 Current Occupancy 100%

ASSUMABLE HUD LOAN TERMS Amortization 40 Years Fixed 40 Years Remaining Term 39 Years Rate 3.95% Assumption Fee None Yr 2 Annual Debt Service (Plus Insurance) $437,218 Principal Balance $8,312,351

3 Property Description PROPERTY DESCRIPTION

PROPERTY DESCRIPTION The CBC Texas Multifamily Group has been exclusively retained to offer for purchase the Lake Park Villages located at 3050 County Road 427 in Tyler, Texas. The Lake Park Villages is a 1-story gated duplex community strategically located in Northwest Tyler, within two (2) miles from , within two (2) miles from Willow Brook Country Club, and within a ten- minute drive to the TylerNET Pounds LEASED Regional INVESTMENT Airport. The offering GROUP of this 50- unit asset provides investors with an opportunity to purchase a stabilized, newly constructed community, in an emerging neighborhood in Tyler. With no upgrades needed, Lake Park Villages is positioned to effectively compete with the surrounding properties and remain a long-term, consistently performing asset.

UNIT MIX and RENTAL RATES

Scheduled Scheduled # Of Sq. Ft. per Scheduled Residential Units Rent per Rents per Total SF Units Unit Rent per SF Unit Month

UNIT FEATURES: COMMUNITY FEATURES: 3 Bedroom x 2 Bath x 1 Car Garage 50 $1,350 $67,500 1,396 $0.97 69,800

• Modern Vinyl Flooring • Private Garages Totals/Averages 50 $1,350 $67,500 1,396 $0.97 69,800 • Granite Countertops • Gated Community • Large Floor Plans • Close to Schools and Parks • Walk in Closets • Large lawns for recreational use • Full Sized Shower / Bathtub • Clean landscaping UTILITIES • Open living space • Close to multiple large employers Each unit is individually metered and tenants are responsible for all of their • Stainless Steel Appliances • Near several popular shopping destinations utilities (electric, water, and gas). • Full Size Pantry

4 Great Location GREAT LOCATION

NET LEASED INVESTMENT GROUP

LOCATION

“From humble beginnings 150 years ago on a piece of high ground that is now the Goodman House town square, Tyler has grown to be the largest community in East Texas. Boasting an MSA population of over 225,000, Tyler offers the cultural diversity, quality education, health care, and recreational opportunities of a large city with the hometown friendliness and quality of life of a small community.” Tyler Chamber of Commerce

Lake Park Village is strategically positioned in Northwest Tyler located within two (2) miles from Caldwell Zoo, within two (2) miles from Willow Brook Country Club, and within a ten-minute drive to the Tyler Pounds Regional Airport and downtown Tyler.

The following are a sample of the shopping and dining options near the property: Walmart, Whataburger, Dollar General, Long John Silver’s, Subway, McDonald’s, Chase Bank, Dairy Queen, Starbucks, Walgreens, IHOP, Popeye’s, and many more.

Lake Park Village is located less than 15 minutes from the Tyler medical district. “Serving as the health care center for East Texas, Tyler is home to some of medicine's most advanced care. Tyler has four hospitals including a Level I trauma center.” Tyler Chamber of Commerce

7 Floorplan

NET LEASED INVESTMENT GROUP

8 Site Plan TEXAS MAP

NET LEASED INVESTMENT GROUP

9 Loan Terms and Schedule

LOAN ASSUMPTION HIGHLIGHTS • HUD Section 221(d)4 • Current Loan Balance of $8,312,351 • Fixed Interest Rate @ 3.95% • Fully amortizing for 40 years (39 Years Remaining) NET LEASED INVESTMENT GROUP • Non-recourse Permanent Loan • Assumable subject to FHA approval • No Assumption Fee • Year 1 Total Debt Service = $437,218

*MORTGAGE INSURANCE PREMIUM • 0.65% of the outstanding principal balance calculated annually. Reductions in MIP are available for qualified Green/Energy Efficient Housing or affordable restriction on 10% of the units

10 Income & Expenses UNDERWRITING PROFORMA

NET LEASED INVESTMENT GROUP

11 10-Year Proforma UNDERWRITING PROFORMA

NET LEASED INVESTMENT GROUP

12 Demographics

NET LEASED INVESTMENT GROUP

13 Texas Map TEXAS MAP

NET LEASED INVESTMENT GROUP

14 Tyler, TX LUBBOCK INFORMATION

“Smith County was one of the many counties created by the first Texas Legislature in April of 1846. At that time, an area centrally located in the county and on a hilltop was selected as the county seat. The county seat was named Tyler for President John Tyler, in recognition of his support for admitting Texas to the United States. Tyler continued to grow and prosper throughout the second half of the 20th Century. Today, Tyler has a population of more than 108,063 and covers 57.16 square miles. The city is considered the NET LEASED INVESTMENT GROUP manufacturing, health care, educational and retail center of East Texas. Tyler is a prosperous and growing city, offering big city amenities, while still maintaining its pleasant and friendly small-town charm.

Located 90 miles east of Dallas on Interstate Highway 20, the city of Tyler lies within a short distance of several lakes and surrounding woodlands. Tyler has a variety of museums, historic homes, a nationally recognized zoo and symphony. The city has 26 parks, 22 area sporting lakes, 66 tennis courts, 26 baseball fields, 15 soccer fields, and 9 golf courses. There are more than 250 restaurants, 2,200 hotel rooms and countless shops and antiques for the serious shopper. Each spring enjoy mile after mile of azaleas, dogwood trees and spring flowers that you have to see to believe during the annual Azalea and Spring Flower Trail. The breathtaking beauty of our Azalea and Spring Flower Trail has been praised by visitors as a floral wonderland and a photographer's paradise. In the fall, Tyler celebrates the rose with the annual Texas Rose Festival. Rich in heritage and tradition, the Festival offers enchanting ceremonial events including the Queen’s Coronation, the Rose Show, the Queen's Tea, the Rose Parade and more. All of these events are amidst a backdrop of brilliant roses as vibrant and colorful as the community they represent.” - https://www.cityoftyler.org

15 Local Universities LUBBOCK INFORMATION

“The University of Texas at Tyler (also referred to as UT Tyler) is a coeducational public university located in Tyler, Texas, United States. Founded in 1971, it is a component institution of The University of Texas System. UT Tyler consists of four professional colleges and one traditional college of arts and sciences, offering over 90 academic degree programs at the bachelor, master, and doctoral levels. The University of Texas at Tyler is accredited by the Southern Association of Colleges and Schools. The university has a fall 2017 student body enrollment of 10,527, a 20:1 student to faculty ratio,NETand a parkLEASED-like campus INVESTMENTcentered on Harvey GROUPLake.” - https://en.wikipedia.org/wiki/University_of_Texas_at_Tyler

Tyler Junior College is a two-year community college in Tyler, Texas, United States. TJC is one of the largest community colleges in Texas, with an enrollment of more than 12,000 credit students each year with an additional 20,000 continuing education enrollments annually. Its West Campus includes continuing education and workforce training programs. The College also operates satellite centers in Jacksonville and Lindale. TJC offers Associate in Arts, Associate in Applied Science and Associate of Arts in Teaching degrees, as well as tech prep and certificate programs. - https://en.wikipedia.org/wiki/Tyler_Junior_College

Texas College is an accredited historically black four-year college located in Tyler, Texas that is affiliated with the Christian Methodist Episcopal Church and the United Negro College Fund. On January 9, 1894, was founded by a group of ministers affiliated with the Christian Methodist Episcopal (CME) Church, a predominantly black denomination. Texas College offers bachelors degree programs in art, biology, business administration, computer science, English, education, history, mathematics, music, nursing, physical education, political science, liberal studies, social work and sociology. Also available are Associate of Arts degrees in early childhood education and general studies, as well as an alternative certification teacher education program for people with bachelors degrees.” -https://en.wikipedia.org/wiki/Texas_College

16 Taylor Tucker, CCIM

NET LEASED INVESTMENT GROUP

17 Chase Tucker, CCIM

NET LEASED INVESTMENT GROUP

18 LAKE PARK VILLAGES 3050 County Road 427, Tyler, TX 75704

If you would like more information on the Lake Park Villages - Please contact us.

Our Team: Texas Multifamily Group 4924 S. Loop 289 Taylor Tucker, CCIM Chase Tucker, CCIM Rick Canup, CCIM Director Director Owner / CEO Lubbock, TX 79414 Phone: 806.784.3260 Phone: 806.784.3268 Phone: 806.784.3304 806.784.3268 Cell: 806.319.2602 Cell: 806.470.4988 Cell: 806.438.8188 [email protected] [email protected] [email protected]

LINKS: www.TexasMultifamilyGroup.com www.Twitter.com/CBCTexasApts www.CBCCapitalAdvisors.com CAPITAL ADVISORS®