1031 Exchange + Cash / Debt Free Investment Opportunity

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2805 park boulevard investment opportunity

Co-Sponsorship or Joint Venture Partnership opportunity in a 20-Unit Condo Project in Oakland, Calif

Cogent Bay Realty Inc.  has an opportunity for a co-sponsorship or joint venture partnership in a 20-unit condominium development in Oakland, California.


The company is seeking strategic partners to provide equity for this new construction project, strengthening the financial profile and unlocking optimal financing terms. The project is well-positioned in a strong market, supported by a solid development plan and an experienced team. We would welcome the opportunity to explore potential collaboration and alignment to achieve a successful outcome.


Cogent Bay Realty Inc., (“COGENT BAY REALTY INC.”, “Cogent Bay Realty Inc”, “the Company”, “The Firm”, “The Real Estate Fund” or “The Real Estate Investment Trust”) is offering equity participations in the form of “Class A Membership Units” or “Shares”[1]only to a limited number of investors who meet certain qualifications necessary for the offer and sale of the Units to be exempt from registration under state and federal securities laws. The term “Management” et al, shall mean the Management Company and or Cogent Bay Realty Inc.


Only 35 Investors and an unlimited amount of those who meet the Accreditation Requirements, as set forth under the Securities Act of 1933 Sub-Section 4(2), Regulation D, 506, and 4(6) the “Accredited Investor Exemption” are authorized to receive and participate in this offering. 


The $9,000,000.00 in this 1st Round of Financing as sought through this securities offering is to be used as initial and general working capital as necessary to execute the business plans contained herein. A complete “Sources and Uses Statement” is located on page 6.


  • Nine Million (9,000,000) Class A Membership Units are hereby made available. 
  • The securities are offered at a per unit price of $10.00.  
  • The minimum purchase amount is 20,000 Units for an aggregate dollar amount of $200,000 and thereafter in increments of 1,000 Units for $10,000. 


Our venture is structured as an all cash Real Estate Investment Trust (REIT).  Interested? Please contact us.


Matt Broberg | Cell  415.521.9786 | Email:  mdbroberg@mac.com 

David Sowels | Cell 707.649.0221  | Email: dsowels.3nrealty@gmail.com

____________________________    

[1] Hereafter, the term “share(s)” may be used interchangeably with the term “units” with reference to a unit participation in the terms of this offering.

presenting 2805 park boulevard investment opportunity

  

Located in the heart of the historic Cleveland District in Oakland, California, this project has great proximity to Oakland landmarks, and easy access to San Francisco by bus, train (BART), or car. 2805 Park is designed to reinvigorate the neighborhood to compliment the community’s character and as a nod to the glory days of the LA Courtyard Style buildings from the 1920’s that influenced much of the neighborhood’s architectural gems. Designed with strong angles,   offset terraced balconies like a hacienda to provide a feeling of individuality in the architecture. This project will feature luxurious and artistic design for those looking for a home with that special Sevilla ambiance and unique styling.  2805 Park offers modern amenities with upgraded countertops, appliances, in-unit washer & dryer, private work from home space, and sizable balconies. Early buyers also have the option to contribute to the interior finishes of their home          with unique upgrade choices at buyers’ expense.                                                                                                                                                                                                                                         


building description

This new Class A construction will have an average unit size of 885 sq. ft and feature a very desirable unit mix of:

  • 1 bed /1 bath  (7 market, 2 affordable):  $5,382,000 value if sold
  • 2 bed / 2 bath (6 market, 1 affordable):  $5,453,000 value if sold
  • 3 bed /2 bath  (3 market, 1 affordable):  $3,956,000 value if sold

BUILDING FEATURES

ZONING & USE

GREEN AMENITIES

GREEN AMENITIES

This Class A building sitting on 0.33 acres is zoned RU-2, URBAN RESIDENTIAL  by the City of Oakland. The lot size is 14,403 sq ft with 17,691 sq ft of living space and 1500 sq ft of retail space and consists of one (1) building, five (5) floors of condominiums and a ground floor of commercial space for special build outs. 

GREEN AMENITIES

GREEN AMENITIES

GREEN AMENITIES

This project will feature outdoor recreation and garden areas, drought tolerant landscaping and private balconies.

FACILITY AMENITIES

Together with a convenient elevator, this property will have energy efficient heating systems, energy efficient appliances, lighting and energy conserving roofing and windows throughout.

 

PARKING

 Features a basement level state-of-the-art parking garage system with electric charging stations, built on a concrete foundation.  

lets dive into the 7 reasons why we like all cash reits

No Foreclosure Risk

Vacancy Won't Sting as Much

No Foreclosure Risk

 With an all-cash REIT there is no foreclosure risk, the trust owns the property free and clear. There is no risk of losing the property to the lender. 

No Refinancing Risk

Vacancy Won't Sting as Much

No Foreclosure Risk

 Debt markets can change, with an all-cash REIT there is no risk of having to refinance and qualify for a new loan when the term is up. 

Vacancy Won't Sting as Much

Vacancy Won't Sting as Much

Vacancy Won't Sting as Much

 Without having to make debt payments, a tenancy issue is much easier to navigate. 

No Interest Payments

Hold Period Flexibility

Vacancy Won't Sting as Much

 Over the course of holding a property, interest payments could equal a significant amount. With an all-cash deal, there are zero interest payments. 

Appreciation Benefits

Hold Period Flexibility

Hold Period Flexibility

 With no interest payments, when an all-cash property is sold, there is no remaining debt to pay off. All appreciation is realized, and that money can go to the investor instead of the bank. 

Hold Period Flexibility

Hold Period Flexibility

Hold Period Flexibility

 With an all-cash REIT, the trust is able to hold the property through market downturns. This creates the ability to sell the property at the opportune time to maximize profits. 

More Conservative Investment for Direct Cash Investors

More Conservative Investment for Direct Cash Investors

More Conservative Investment for Direct Cash Investors

 Direct cash investors can take advantage of an all-cash REIT if they are opposed to the risks associated with a leveraged REIT. 

top reasons to invest in park 2805

Favorable Market Conditions

Favorable Investment Conditions

Favorable Investment Conditions

  Market conditions are excellent as a distinct lack of housing continues to drive prices higher. 

Favorable Investment Conditions

Favorable Investment Conditions

Favorable Investment Conditions

  Investment conditions are favorable for low leverage.

Stable Area

Highly Sought After Housing Market

Highly Sought After Housing Market

Opportunity to acquire a Class “A”  newly constructed, condominium property in an area that is stable.

Highly Sought After Housing Market

Highly Sought After Housing Market

Highly Sought After Housing Market

Located in the San Francisco Bay Area, this is a highly sought after, booming housing market with historic buildings and charm, with  easy access to iconic cities and experiences. 

investment details

INVESTMENT COMMITMENT

  •  NEW INVESTOR(s) / CO SPONSOR(s): 90% investment
  • Park 2805 LLC: 10% investment
  • Minimum Target Investment: $200,000.00 from each party
  • Maximum Investment: $9,000,000 total

USE OF FUNDS

The funds will be utilized to increase equity in ownership by paying down/off the existing land loan amounting to $9,000,000.

CONSTRUCTION TIMELINE AND COSTS

  • Target start date Q2 2025
  • Revised line-item construction costs
  • Construction cost estimated at $6,100,000.00
  • Firm bids required before loan closure
  • Revised timelines include permitting, marshaling of resources, break ground, and shoring of hillside

FINANCING AND CONSTRUCTION

  •  All Cash 
  • Construction Start Date: July 2025 (pending final financial and logistical arrangements)
  • Land Loan Payoff: $1,300,00 to be completed before May 1, 2025

ADDITIONAL ACTIONS

  • Develop a pre-marketing plan and attempt to secure reservations from potential buyers.
  • Obtain revised firm bids and finalize construction costs.
  • Secure financing and address any contingencies.

2805 PARK TEAM

DEVELOPMENT

CONSTRUCTION TEAM

CONSTRUCTION TEAM

Matt Broberg, Managing Partner

David Sowels, Managing Partner

Chelese Dolcee, Support

CONSTRUCTION TEAM

CONSTRUCTION TEAM

CONSTRUCTION TEAM

  Solargistix – Construction Management

AMS Design – Structural Engineer

EfficientCAD – Architect

Lea & Braze Engineering – Engineer

Peralta energy – Green Consultant

Millennium Design – Civil Engineer/Joint Utility

Korbmacher - Engineer

  

download a hard copy of this opportnity

PARK2805 CONDOMINUM PROJECT (pdf)

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David C. Sowels, Fund Managing Director | Email: dsowels.3nrealty@gmail.com or dcsowels@cogentbay.com

Cell (707) 694-0221

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