Flamingo, DST
Class A luxury multifamily community
Equity: $58,277,704
Built-In Debt: $56,040,000
Loan-to-Value: 49.02%
The Property is a 360 unit, Class A luxury multifamily community; built in 2018. The Property is located eight miles from the world-famous Las Vegas Strip, the epicenter of recreation and employment in the valley with 4.2 miles of hotels, casinos, restaurants, shopping, health spas, and a myriad of other entertainment. The occupance rate is 95.6% (as of 2/11/20).