1M Equity Investment for Real Estate Development - Springfield, IL

This listing presents an investment opportunity seeking $1M in preferred equity for a real estate development project in Springfield, IL. The project involves a 14,000 sq ft building situated within walking distance of two hospitals, offering significant expansion capabilities to double the unit capacity and the potential to construct an additional building on the property. The opportunity is backed by seasoned sponsors and offers a first-position investment with a projected 18% annualized return over a 6-9 month term. This is an ideal opportunity for investors looking to capitalize on real estate development in a strategic location.