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3 Fs Properties LLC

3 Fs Properties LLC

Build a Home for the Brave

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Deal Type

Debt

Funding Goal

$350,000

Current Reservations

$0

Minimum Reservation

$1,000

Deal Stage

Pre-seed

Open Date

02/14/2020

Closing Date

N/A

Deal Exemption Type

3

Invest Now Button data Attribute

Invest now

Interest (% per year)

6.00%

Term Length (Months)

24 months

Elevator Pitch

Veterans Should Not Come Home To Being Homeless. 793 veterans have shelter now. 37,085 DON’T! Our mission is to provide housing opportunities to veterans who are homeless

KPIs

5 Employees
Cash Flow Positive

Company Overview

Now offering 6% return on all investments!


Veterans Should Not Come Home To Being Homeless


793 veterans have shelter now.

37,085 DON’T

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About one-third of the adult homeless population has served their country in the Armed Services.

Current population estimates show that over37,000 Veterans are homeless on any given night and perhaps twice as many experience homelessness at some point during the course of the year.


According to PIT (The Point-in-Time (PIT) Count is an annual effort led by the U.S. Department of Housing and Urban Development (HUD)to estimate the number of Americans, including Veterans, without safe, stable housing. It is one of the tools used to assess progress each year toward VA’s priority goal of ending homelessness among Veterans.), this year to date, more than 11,000 veterans have found permanent housing and critically needed support services through the HUD-VASH program, while 37,085 veterans experienced homelessness in January 2019.


There is a slow yet steady decrease in the number of homeless veterans due to the efforts of communities all across the country.

Still, much more still needs to be done, and each of us can contribute to that.


Our mission is to provide accommodation services and housing opportunities to veterans who were previously homeless and are looking for permanent housing.

We start small to make a big impact.

We start by furnishing and equipping 5 locations we have already identified, including 31 bedrooms to fit the needs of homeless veterans in need.

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All funds from this campaign will go into the refurnishing and equipping the 5 locations in Bainbridge, Afton, North Norwich, and 8 mount Upton and it includes:

  1. 31 furnished bedrooms
  2. 5 fully equipped kitchens
  3. In-house laundry & cleaning services for all 5 locations
  4. Cable TV, Internet and phone connection
  5. Electricity, heat and water
  6. Handy cap ramp to 1st floor entries in all 5 locations
  7. Handy cap baths with walk in showers in all 5 locations
  8. Off street parking
  9. Maintenance repairs, lawn mowing, snowing removal
  10. Medical assistance and security direct access

The vast majority of homeless Veterans are single, and most come from poor, disadvantaged backgrounds and about 45% of them suffer from mental illness and abuse problems.

America’s homeless veterans have served in World War II, the Korean War, Cold War, Vietnam War, Grenada, Panama, Lebanon, Persian Gulf War, Afghanistan and Iraq (OEF/OIF), and the military’s anti-drug cultivation efforts in South America.

Two-thirds served our country for at least three years, and one-third were stationed in a war zone.

With our efforts we want to contribute to making a home for the veterans in need who are still on the street and bring our own way of thanking them for serving for our safety. They fought for our homes to be safe, we want them to feel safe and at home too.

Traction

  • American Handyman founded

    January, 2010

Testimonials

Ana Maria Bubolea
Ana Maria Bubolea
Founder & CEO, 7Hexes Consulting
"Thomas and his team are extremely dedicated and skilled constructors and entrepreneurs who have proved with their numerous projects over the years that dedication, care, and passion coupled with skills are what successful projects are made of. I strongly believe in their project of building homes for the homeless veterans, a soul, meaningful project aimed to shelter those in need. The business plan of the company is solid, covering both the costs needed for their ambitious endeavor and their sustainability."

Previous Funding

  • $150,000 Equity
  • Raise Source: Self
  • March 2019

Frequently Asked Questions

What are the measures we take to ensure the project will be implemented as planned

To ensure a good monitoring and support for we will continue employing community friendly approaches to reach more homeless veterans through static and mobile means of reaching out to them and sensitization programs. Also, the approach will involve various levels of stakeholders. Each of the components of the project will be tackled technically by designing interventions that effectively and appropriately address Healthcare services and associated activities that can contribute to the welfare of the veterans. We anticipate that by the end of the project period, there will be the realization of positive living and reduced levels of dependency and homelessness on such veterans.

What is the value of all five properties in their condition today and what will they be worth finished and furnished

The five properties are worth between $285,000 and $314,000 in their condition today and when completed, and furnished. They will be worth between $600,000 and $640,000.

How can you guarantee the investors their money and their interest.

Based on the low end ARV of all five properties by just taking an end mortgage loan of 75% of the ARV of all five properties there is enough to pay all investors back with interest for the two years. 6% interest paid at the end of the first year and 6% interest paid at the end of the second year and their money investment.

How can you guarantee that all five properties will be complete in the two-year period

I personally have been a contractor for 40 years and I have never not completed a project on time and I don't plan to start now

Risks & Disclosures

To ensure a good monitoring and support for we will continue employing community friendly approaches to reach more homeless veterans through static and mobile means of reaching out to them and sensitization programs.

Also, the approach will involve various levels of stakeholders.

Each of the components of the project will be tackled technically by designing interventions that effectively and appropriately address Healthcare services and associated activities that can contribute to the welfare of the veterans. We anticipate that by the end of the project period, there will be the realization of positive living and reduced levels of dependency and homelessness on such veterans.

Documents

Confidential

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