• PROJECTED ROI: 25%
  • ACTUAL ROI: 65%
  • INVESTMENT: $575,000
  • CONSTRUCTION & SOFT COSTS: $1.6M
  • APPRAISED VALUE: $4M

  • PROJECTED ROI: 25%
  • ACTUAL ROI: 65%
  • START DATE: SEPTEMBER 2023
  • COMPLETION DATE: OCTOBER 2024
  • EQUITY REPAYMENT: MAY 2025
  • TOTAL UNIT COUNT: 11
  • EQUITY INVESTMENT: $575,000
  • CONSTRUCTION & SOFT COSTS: $1.6M
  • APPRAISED VALUE: $4M


FINANCIAL OVERVIEW

PROPERTY FACTS:

126 GOVERNOR STREET

126 GOVERNOR

Veloce Capital’s strong partnership with city and state officials has been key to creating new housing opportunities, particularly in Paterson, NJ—helping drive zoning changes that benefit the community. Rising housing demand and our close coordination with local government enabled us to convert a single-family property into a multi-unit development.

This project exceeded expectations, generating an actual ROI of 65%, compared to an initial projection of 25%. Completed on time and stabilized in under 18 months, the project highlights how strategic relationships and zoning innovation can unlock powerful returns in underserved neighborhoods.

UNLOCKING HOUSING THROUGH CITY PARTNERSHIP

UNLOCKING HOUSING THROUGH CITY PARTNERSHIP

CASE STUDY:

  • TOTAL UNIT COUNT: 11
  • START DATE: SEPTEMBER 2023
  • COMPLETION DATE: OCTOBER 2024
  • REPAYMENT: MAY 2025

  • PROJECTED ROI: 25%
  • ACTUAL ROI: 65%
  • START DATE: SEPTEMBER 2023
  • COMPLETION DATE: OCTOBER 2024
  • EQUITY REPAYMENT: MAY 2025
  • TOTAL UNIT COUNT: 11
  • EQUITY INVESTMENT: $575,000
  • CONSTRUCTION & SOFT COSTS: $1.6M
  • APPRAISED VALUE: $4M


KEY MILESTONES