RIVERVIEW, FL – ERC Homebuilders, Inc. is offering a financing initiative for build-to-rent opportunities, which is riding the growing millennial demand for single-family rental homes.
ERC Homebuilders works to wholesale mini-neighborhoods of single-family rental homes, marketed specifically toward millennials. These are intended to be sold in bundles of 20 houses or more to investors. This piece of the real estate market is gaining interest primarily in the South and Southeast regions of the US.
ERC says it will use Freddie Mac financing for these properties.
The company plans to offer both SEC Regulation D and Regulation A+ offerings, pending qualification. ERC Homebuilders has also released a private offering to qualified investors available to SEC Rule 506(c) of Regulation D. The company has submitted SEC Form 1-A filings for two planned offerings under Regulation A+, as well.
The Reg D offering provides preferred equity investment opportunities with a minimum investment of $500,000 for institutional investors and a minimum of $10,000 for individual accredited investors. The overall return on equity is projected at the mid-20% range, with benefits of annual dividend payments of 8%, paid monthly from the date of investment.
ERC Homebuilders will use SVN | SFRhub's platform to sell the properties.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
