MASJID AR-RAHMAN REPRESENTING: YMCC
Investors are encouraged to be a part of this project.
There are going to be three opportunities for investors to exit this investment, the first one being the sale of the existing Mezgid on 29th Street, which is projected to bring in over $45 million. That money can be used to exit the investors that are currently investing with us on 36th Street. The second exit would be proceeds from the sale of the 7th floor of $5 million from the Muslim Community Network, and that sale will bring in $5 million just for the 7th floor, and $12 million from the sale of the condos on the 12th floor.
Both of these events will trigger an exit opportunity for the investors who invest with us now. The third opportunity to exit the investment would be for us to refinance the asset and cash out the loan after we stabilize the building, and that is estimated to take approximately three years. So the investment is going to be very secure with multiple exit strategies, and we encourage and implore our community to put money into this project, help the Muslim community, and count it as an investment in this world and the next, InshAllah.
Thank you very much for your time.