Visum Development Group is an Ithaca, NY-based real estate investment company, specializing in new construction and the redevelopment of residential properties. We acquire, renovate, build new, and lease with a determination to maximize returns while mitigating risks for our investors. We offer a range of luxury student housing, residential, and commercial investments including opportunistic and buy-and-hold strategies.
See some of the places we've created below
— 201 College Ave —
- Total project cost — $10M
- Property cash-on-cash — >7%
- Refinanced 18 months after start of construction
- Investor principal repaid in full upon refinancing
This 74-bedroom property is a Cornell University student apartment building located just 0.2 miles from campus. Thanks to its strategic location and superior amenities, including an upscale gym and media lounge, it was able to capture the highest end of Cornell's college town market and be 100% pre-leased during its 10-month construction period.
In this build-to-hold, 25%-equity financed project, investor principal has been repaid in full upon refinancing, which occurred 18 after start of construction. Moreover, all investors have retained a pari-passu stake in property cash flows.