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INTEGRATED ANOINTED MINISTRIES
  • Home
  • About Us
    • Our Mission
    • Our Team
    • The Cooperative
    • Coop Partners
    • Guidestar Profile
  • Our Divisions
    • Overview
    • IAM Advantage
    • Research
  • Spartanburg County
    • Campus Overview
    • Phase 1
    • Phase 2
    • IAM Campus of Spartanburg
  • Greenwood County
    • Project Overview
    • Executive Summary
    • SWOT Analysis
    • Economic Impact
    • Project Planning
    • Campus Community Hub
  • Project Access
    • Google Site
  • Blog
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Investment Opportunity: IAM of Spartanburg Phase II

Executive Summary

 The IAM of Spartanburg Phase II project is a groundbreaking mixed-use development by Reinvest America Corporation, designed to create lasting community impact while offering investors significant financial advantages. Located in a federally designated Opportunity Zone, this 55,000 sq. ft., 5-floor LEED-certified facility will combine sustainable living, community-focused services, and economic growth opportunities. 

Key Features


  • 55,000 sq. ft. Mixed-Use Facility with sustainable, energy-efficient design.
  • 39 ADA-Compliant HUD 811 Residential Units:
    • 18 Efficiency Units (500 sq. ft. each).
    • 15 One-Bedroom Units (700 sq. ft. each).
    • 6 Three-Bedroom Units (1,200 sq. ft. each).
  • 20,000+ sq. ft. of Commercial and Community Spaces, including retail, daycare, health screening, and training facilities.
  • Projected Annual Revenue:
    • Residential: $378,072.
    • Commercial: $407,280.

sc oPPORTUNITY zONE MAP

Phase II Vision

IAM of Spartanburg Phase II builds on the momentum of Phase I to deliver:

Residential Solutions

Providing affordable housing options tailored to seniors and persons with disabilities, the project addresses critical housing shortages with modern, ADA-compliant units.

Expanded Community and Commercial Spaces

The project will include:

  • Retail areas to stimulate local business growth.
  • Adult daycare and health screening facilities to support community well-being.
  • Training centers, including a Pearson VUE Testing Center, to foster workforce development.

Sustainability Initiatives

Designed for LEED Platinum Certification, the project features:

  • Solar energy systems.
  • Energy-efficient HVAC.
  • Hubbell PowerHUBB™ smart lighting.

SC OPPORTUNITY ZONE MAP

Opportunity Zone Benefits

IAM of Spartanburg Phase II offers significant financial incentives under the federal Opportunity Zone program, including:

  1. Tax Deferral: Delay capital gains taxes until December 31, 2026.
  2. Step-Up in Basis: Exclude up to 15% of deferred gains (10% after 5 years, an additional 5% after 7 years).
  3. Permanent Exclusion: No capital gains tax on project appreciation if held for 10 years.

SC OPPORTUNITY ZONE MAP

IAM OF SPARTANBURG PHASE 11

2040 SOUTH CHURCH STREET EXT

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Market and Community Impact

Economic Impact

Financial Projections & Construction Budget

Economic Impact


  • Job Creation: 75+ permanent jobs and 150+ construction jobs.
  • Local Business Growth: Mixed-use spaces will attract startups, nonprofits, and retailers.

Social Impact

Financial Projections & Construction Budget

Economic Impact

 

  • Affordable Housing: Addressing shortages for low-income families, seniors, and persons with disabilities.
  • Critical Services: Expanded access to adult daycare, health screenings, and vocational training facilities.

Financial Projections & Construction Budget

Financial Projections & Construction Budget

Financial Projections & Construction Budget

 

Financial Overview

  • Construction Cost: $13.2 million.
  • Annual Revenue: $785,352.
  • Projected ROI:
    • Cash-on-Cash Return: 7-8% annually after stabilization.
    • Internal Rate of Return (IRR): 12-15% over 10 years.

Construction Cost Breakdown

  • Ground to Fifth Floors: $11,550,000.
  • Sub-Level Parking & Storage: $1,650,000.

Investment Structure

Investment Structure

Financial Projections & Construction Budget

 

Capitalization Plan

  • Opportunity Zone Investment Target: $10 million.
  • Additional Financing: HUD grants, Freddie Mac loans, and private equity.


Exit Strategies

Investment Structure

Exit Strategies

  • Property Sale: A full asset sale after 10 years to maximize tax benefits.
  • Refinancing: Cash-out refinancing after stabilization.
  • Equity Buyout: Allowing new or existing partners to purchase stakes

Investment Prospectus

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