[Update!] Refinance of 6 Unit Taftsville Property Returns 50% of Original Investor Investment in Less Than (7) Months


C.R. Diamond Properties Successfully Completes Refinance of Taftsville Multifamily Apartment Project – Returns 50% of Original Investor Investment in Less Than (7) Months

Through careful management, Chris McCloy of C.R. Diamond Properties has returned half of every investor’s investment within the first year – without sacrificing any investor’s ownership or equity stake while minimizing risk in the deal.

GREENLAWN, N.Y. — May 4th, 2016 — C.R. Diamond Properties, a New York based Real Estate Investment company, has successfully completed the refinance of their latest apartment acquisition. Just purchased less than 7 months ago, this refinance will recapitalize all of the equity investors by returning 50% of their original investment – while preserving full their equity.

“We’re excited to exceed our investors’ expectations, not just by managing the property properly to maximize returns, but also return half of their investment capital in just a few short months,” exclaims Chris McCloy, Principal of C.R. Diamond Properties. “I am even more enthused at the prospect of greatly exceeding our original conservatively estimated 17% annual return on investors’ funds going forward for the property. Having exceeded a 20% annual return on every real estate deal to date, has not only given me personal satisfaction that my hard work and diligence pays off, but an excellent reputation to my investment partners”.

Unlike other traditional investments like stocks, bonds, and mutual funds, Real Estate offers unique options like refinancing to help investors recover their original investments more quickly. In a refinance, the percentage ownership – or equity – is fully preserved by each investor, as well as other benefits like cash flow, depreciation, and more. At the same time, because the funds are borrowed and coming from a loan, the monies returned to each investor is not considered a taxable event – which is of tremendous benefit to investors in high tax brackets.

“As an equity partner in Chris’s latest deal, I’m absolutely thrilled to see this project perform so well thus far – as Chris has originally promised,” says Steven Cheung, Investor and Founder of Epik Capital Partners. “There’s always risk in any business venture or real estate deal, but very rarely does one find a deal where the returns are commensurate with other traditional investment mediums, yet also have the opportunity to get the bulk of one’s money back in less than a year. Not only does this boost the theoretical returns, but it also helps significantly reduce the total risk incurred. I’m very thankful for Chris and his diligence.”

The terms of the refinance were not disclosed. Funds from refinancing will be distributed in May 2016.

For more information on C.R. Diamond Properties and their latest activities, please visit their website at http://crdiamonproperties.com, or call 631-824-7736. For more information on Epik Capital Partners, please visit their website at http://www.EpikCP.com, or call +1 (866) 888-EPIK.

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About C.R. Diamond Properties, LLC:

Founded in 2011, C.R. Diamond Properties, LLC was started as a prudent way to add the benefits of an LLC to the Real Estate services being provided under Chris McCloy’s personal supervision, and to more easily add a limited number of investors while providing them with additional protections. Although C.R. Diamond Properties has handled both “fix & flip” and “buy and hold” property on Long Island in the past, it is now concentrating on participating in the more profitable arena of out of state Apartment Building purchases. For additional information on C.R. Diamond Properties, LLC, please visit our website at CRDiamondProperties.com or phone us at (631) 824-7736.
About Epik Capital Partners:

Founded in 2015, Epik Capital Partners was started as an informal group with the vision of “Connecting Passive Investors to Active Real Estate Sponsors.” This is accomplished by providing coaching and education to both new and seasoned investors alike, in concert with actively vetting sponsors and deals in fine detail to protect every investor’s interests. To date, Epik Capital Partners has participated as an equity partner in apartment deals totaling 129 units across three states. More information is available at www.epikcp.com or by phone at (844) 888-EPIK.
Forward Looking Statements

This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended).

These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.

Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of rental markets in which we compete and in which our rentals are leased, including housing markets, (ii) unexpected increases in our expenses, including repair and maintainence expenses, (iii) inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays in payments, evictions, non-renewals, or cancellations in leases by our tenants, (v) unexpected average rental price reductions, (vi) the significant fluctuation to which our monthly revenue and operating results are subject due to cyclicality in the local economy and availability of competing rental units, (vii) our inability to anticipate the future market demands and future needs of our tenants, (viii) our inability to secure new tenants, and (ix) other factors detailed in documents we file from time to time with the Securities and Exchange Commission, if applicable. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

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