Terms of this offering
The Marion is a 3-bedroom, 2-bathroom home newly constructed in 2023 and positioned in a coveted location at 319 Marion Oaks Trail in Ocala, FL. HomeVest, a platform enabling individual investors to purchase shares in residential properties, has identified the Marion as an attractive target for acquisition and is offering investors the opportunity to invest alongside them in the purchase of this property, including a share of rental income it may potentially generate.
Investing in this offering means acquiring ownership (equity) in the issuer entity through the purchase of Membership Interest Units. The issuer entity offering these units, 319 Marion Oaks Trail, LLC, is intended be used to acquire the property described in these offering materials, and is affiliated with HomeVest by way of an ownership interest.
As joint owners with HomeVest, investors will be eligible for recurring distributions of earnings based on the size of their ownership stake, although the amount and nature of these investor distributions may vary based on market conditions and other factors. Learn more about this offering structure, offered securities, risks to investors, and more details in the Form C linked on this page and filed with the U.S. Securities and Exchange Commission.
The purpose of this offering is to raise capital sufficient to acquire the property described above or a similarly priced property or, if only the minimum amount is not raised, to raise capital sufficient for a down payment on the acquisition of such property. The proceeds from sales of securities in this offering will be directly applied to the acquisition of the property and/or down payment for the property acquisition. Allocation of proceeds to these designations may vary based on the amount of proceeds generated by the offering, and the nature of the property acquisition transaction.
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Use of offering proceeds (from the Form C)
If the maximum offering is reached, the offering proceeds will be used to acquire the property for cash and additional funds provided by the current owner of the company. If the minimum offering is raised or any level between the minimum and maximum, a loan will be taken out for the difference. The next return on investment will be the same for investors, currently targeted at a 6% annual return on investment and the future appreciation value of the property if sold at a profit.
Disclosures & Risk Factors for Investors
All investors should review the risk disclosures below, also available in Form C filed with the Securities & Exchange Commission.
View Disclosures