JID Investments is pleased to announce that we have fully funded our 31st investment, Credit Enhancement Fund II. Together with our Sponsor partner Capital City Real Estate (CCRE) , JID Investments successfully raised more than $2,3M for a second CCRE Credit Enhancement Fund investment. This investment presented a unique investment opportunity for JIDI investors to participate with collateralized capital for multiple CCRE development projects by providing a Credit Enhancement to construction loans on multiple CCRE development projects. It’s a credit worthy affiliate of the borrower satisfying construction lender liquidity requirements.
Fairfax City will soon see the construction of a seven-story residential and retail building next to WillowWood Plaza along Eaton Place following a near-unanimous vote of approval from the city council earlier this week.
The new development, dubbed “N29 Apartments,” will replace a 328-space, 2.96-acre parking lot at 10306 Eaton Place, adjacent to a 1980s-era office complex.
First proposed in 2022, the project includes 260 residential units — 16 of which will be affordable single and two-bedroom units. It will also have 5,000 square feet of retail space and a 10-level parking garage.
The mixed-use development, which was approved by the city planning commission in April, marks the initial phase of a two-stage project by D.C.-based developer Capital City Real Estate.
Read the full article at https://www.ffxnow.com/2024/07/11/fairfax-city-council-says-yes-to-new-apartments-at-willowwood-plaza/
JID Investments is pleased to present our seven-part webinar series on passive real estate investing. In this series, JID founder and COO, John Rubino provides a fantastic overview of the key aspects to consider when investing passively in real estate development. projects.
Series Part I – Forming the Right Team
Series Part II – Sponsors/Developers
Series Part III – Location Location Location
Series Part IV – Types of Real Estate Development Projects for Investment
Series Part V – The Capital Stack
Pat VI – Due Diligence
Part VII – The Waterfall
All episodes can be viewed on YouTube at: https://youtube.com/playlist?list=PL5EsgKk_SA2rmgqsjdCnFBW2FPELGeilO&si=PATc5mLXTvuleJky