Minimum Investment: $1,000 (5% Simple Interest Rate/Paid Annually/5 Year Loan Term)
(3129 Fenton Avenue, Bronx, New York).
- Deal Summary - 3129 Fenton Avenue, Bronx, New York
- - Investment Type: Debt investment under SEC Regulation D.
- - Interest Rate: 5% annual simple interest, paid annually.
- - Term: Five (5) years.
- - Minimum Investment: $1,000.
- - Estimated Property Value (Redfin): $741,170 (as of January 30, 2026)
- Project Financing Goal
- - Raise $500,000 in debt capital.
- Use of Funds
- - $415,000 to pay off a high-interest/10% to 12% hard money loans).
- - $85,000 for renovations to convert the property into a legal two-family home).
- Current Property Status
- - Configured as a one-family residence (four bedrooms).
- - Occupied by a Section 8 tenant at a rent of $3,910 per month (of which $3,552 is paid by taxpayers).
- Projected Outcome
- - By refinancing the existing high-interest debt at 5% and completing the legal conversion to add a second apartment (basement unit with private entrance), the property is expected to transition from a monthly loss to positive cash flow, while expanding access to affordable housing for families in need.