The following projects are just a sampling of current and past properties owned by Principals Capital Funding and its affiliate companies, demonstrating our key objectives and results. Please call us for more information about our latest offerings.

Hidden Oaks Apartments (124 Units), Multi-Family – San Antonio, TX

Hidden Oaks is a 124 unit podium style apartment complex built in 1985 that is currently 95% leased due to below market rents. It was acquired below market value, as a stable opportunity with light renovations, rental rate upside, and ability to increase rent growth quickly with focused capital infusion. A Dual-Tier Joint Venture acquisition with Jevan Capital, PLLC, have identified this project as a mid to long term hold opportunity.


Northwest Trails Apartments (209 Units), Multi-Family – San Antonio, TX

Northwest Trails is a 209-unit B-Class apartment community located in a growing Northwestern submaket of San Antonio, TX. Close to major transportation nodes, and near major employers including Microsoft and Sea World. The project is predominately a cash flow opportunity with value added upside potential.

Sendero-PCF and Quez Capital plan to rehabilitate and reposition the property in order to mazimize cash flow by Capital Improvement / Rehabilitation Program and Professional Management Best Practices and Efficiencies


Eagles Landing Apartments (200 Units), Multi-Family – Garland, TX

Eagles Landing is a 200 unit garden-style apartment complex located in the Dallas, Texas. Post Investment Group, LLC, Principals Capital Funding and Multifamily Acquisition Group, LLC have identified this asset as a risk adjusted, distressed investment opportunity.

Purchased in foreclosure with a moderate renovation requirement and suffering from inferior management. It is a High yield investment with significant operational cash flow upon acquisiton and exceptionally low comparable cost basis. The Post, PCF, and MAG team plan to stablilize the asset quickly with focused capital infusion along with new management. Mid term hold of 60 months.


Glendale Park Apartments (810 Units), Multi-Family – Houston, TX

Glendale Apartments is a Bank Foreclosure/REO opportunity. Our partner, Post Investments, currently owns and manages over 11,000 units with over 4,000 in Houston alone, and is managing the Rehabilitation and Stabilization Program. Houston is #4 nationwide for Job Creation, which is driving the forecast for long-term absorption, and rental increases in the sub-market.


Retreat at North Bluff (240 units), Multi-Family – Austin TX

The Retreat at Northbluff is a 240 Unit, Class A, multi-family property located 5 miles south of Downtown Austin, Texas. In a Joint Venture with the City of Austin and Captuity Investment Three, LP, we completed construction in December 2010 of the first phase of this $22.6 million dollar project. We believe our timing in the market is optimal considering the immediate and long-term growth that is projected for Austin as well as the projected limited supply for multi-family housing, specifically in the South Austin Sub Market where the project is located.


Centerpoint at Lockhart, Mixed Use Development - Lockhart, TX

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Centerpoint at Lockhart is a 275 mixed use tract located within the Lockhart, Texas city limits at the intersection of TX Hwy 142 (also known as West Main Street) and the soon to be completed toll way, State Highway 130.

Ideally situated in the one of the fastest-growing corridors in Central Texas, this is a emerging oasis that presents the perfect place for resting, recreation, retail shopping, working and more. Located at the mid-way point between Austin and San Antonio on State Highway 130, Centerpoint at Lockhart features the most important and accessible parcels along the new roadway.

That's because our carefully constructed land plan takes into account existing demographic trends and the impact SH 130 is sure to have on the region ñ the needs for services like restaurants, hotels and gas; the desire for convenient and affordable housing; and the benefits of employment centers with direct access to multiple modes of transportation (road, train and plane).

Lockhart is an historic bedroom community approximately 22 miles southeast of Austin, Texas with a current population of 13,750.

The partners believe that there is a significant value-add opportunity for the Lockhart SH 130 property over a long term hold. For more information visit www.cplockhart.com


Secured Climate Storage, Climatized Self Storage – Austin, TX

 

The Principals have arranged the "AA" class capital and the guarantee of the loan for the development of one of the largest high-end storage facilities in the United States. At 255,000 square feet and features 2,126 units built in 4 phases, the first and second phase holds over 680 units, and is now complete with Phase 2 now delivered. Secured Climate Storage is located in one of the highest income demographic sub-markets in the Austin metro-area. It is geographically centered between: 5,000+ luxury apartment residences; two Target Superland stores; two Super Walmarts; two Home Depots; and two HEB Grocery stores including their proto-type superstore at Anderson Mill Road.

Secured Climate Storage was named Austin Business Journal's Best Industrial Project for 2007.

Click here for more information: www.securedclimatestorage.com

Secured Storage Note Holder. We have good news for you, the Storage Center is 100% occupied and we have added a complete Post Office including PO Boxes. We have finally gotten the approval and the funds to build out second phase of the storage center. There is a video on the property that you can view if you wish. Please select on the following link to watch the new video that will be on the webpage very soon. Hope you all enjoy it! I am sure you will be pleased with the progress. Best Regards, Robert Newman Principals Capital Funding, Inc

Newly Remodeled Secured Climate Storage Mail Center


Hobby Lobby/Office Depot Retail Center – West Monroe, Louisiana

Purchased in 2003, this 86,000 foot Shopping center houses the most successful Hobby Lobby in Louisiana and Mississippi. The entire frontage of the Hobby Lobby was redone in 2010. The shopping center is ideally located at I-20 and is across the street from a Super Walmart. This property is managed by Principals Capital Funding, LLC and is a long-term hold for the partners.

 


Past Projects

The Crossings at Carmel Creek, Mixed Use Development - Hutto, TX

The Crossings of Carmel Creek is a vibrant mixed-use development located in Hutto, Texas.  Hutto is a suburb of Austin just 20 minutes from Austin-Bergstrom International Airport on the recently completed SH 130 toll road, which bisects the property and offers an unparalleled view corridor.  The Development is comprised of 466 acres and is located on the corner of US 79 and FM 685.

Principals Capital Funding had partnered with Atlantic Coast Development & Glenmount Capital Partners.


Dali Place Apartments (128 Units), Multi- Family – Baton Rouge, LA
Prior to purchasing this project, Dali Place Apartments required significant rehabilitation and re-tennanting.
Capital Structure – PCF partnered with BG&G III, LLC to raise the equity capital for the purchase and rehabilitation of this property.

Results:The building was successfully rehabilitated, occupied and sold in August 2007. The total project profit was $1.7 million.


Country Club Apartments (247 units) – Shreveport, LA 
PCF partnered with Walker Investments in raising the money to purchase these apartments in 2003.  Our objective was to rehabilitate and strengthen the rental base.

Results: Purchase price was $5.1 million in 2003. It sold for $8.2 million in 2005.


Cordova Apartments (156 units) – Shreveport, LA

Results:  Purchase price was $2.65 million in 2002. It sold for $4.5 million in 2005.


Oak Meadows Apartments (120 units) – Shreveport, LA

Results:  Purchase price was $750,000 in 2003 and required $300,000 in rehabilitation.  It sold for $2.1 million in 2006.