MacroCrowd Brings Luxury to Real Estate Crowdfunding

The Hamptons, NY, March 10, 2016 (Newswire.com) - The Hamptons, NY, February 23, 2016 (Newswire) -​​​​​​​​MacroCrowd has just launched its new real estate crowd-funding site with a unique opportunity for accredited investors to participate in the lucrative Hamptons market, with a minimum investment of just $5,000. The total amount being raised is $4.5 million and the investment is for 12 months – the outside duration for completion of construction – and the targeted rate of return to investors is 22%+.

MacroCrowd is committed to delivering real estate investment opportunities to the crowd-funding market that not only provide very attractive returns for investors, but also have a lot more pizzazz than a suburban strip center! To that end, the Hamptons speak for themselves!

These exclusive communities at the tip of Long Island never go out of style and remain some of the most desirable and prestigious places to own real estate. Investing in the Hamptons might seem like something reserved for those with extraordinary wealth – and it’s true that in 2015 there were 3 sales of $50 million or more – but new homes of between 4,000 and 5,000 sq. ft. typically sell for less than $5 million. There are many more buyers in that price range than for the estate properties, and really great returns to be made from building them to sell.

This project is for the development of two luxury residences, which will sell for between $3 million and $4 million each, on the last vacant lots in the Georgica section of East Hampton Village – a highly desirable address with the all-important “south of the highway” location.

“MacroCrowd is approaching crowd-funding a little differently than anyone else in the real estate sector,” explains Mark Suleman, MacroCrowd’s Founder. “We have assembled a team of experts with decades of experience across all classes of real estate, in development as well as in investment and management. We are focused on being curators of exceptional investment opportunities, rather than just a marketplace for vanilla real estate transactions. Everything we bring to market will have notable elements of uniqueness. We want our clients to be proud of what they’re investing in while they’re making great returns.”

The developer is Sterling & Vertue, which is the new brand name of a luxury homebuilder with a 25-year track record of successful development in the Hamptons and on the North Shore of Long Island. The homes have been designed by McDonough & Conroy, leading architects in the Hamptons, and feature a master suite on each of the first and second floors for maximum buyer appeal.

The investment is being conducted through a single-purpose limited liability company - Sterling & Vertue Partners (Judson Lane), LLC - which will own the land and improvements until sales of the completed homes are closed.

“I’ve been building luxury homes on Long Island for a long time now,” says Severo Fernandes of Sterling & Vertue, “and buyer demand, particularly in the Hamptons, has always been strong, even when markets elsewhere have been soft. Obviously, there’s a lot less land available for development now than there was when I started my career, which makes the Hamptons even more exclusive. I’ve now seen two generations of buyers getting into the market here. The Hamptons communities just have that sustained pulling power.”

“We had a great year in 2015,” says William Wolf, a senior real estate broker with Douglas Elliman in East Hampton. “All our price points moved upwards, including the entry point for the luxury segment, and the top end of the market was the most buoyant it’s been in a decade. Our buyers are very well informed and they’re telling us that they really believe in the Hamptons as a sound place to invest. There’s a shortage of new homes in the Hamptons, particularly south of the highway, and Douglas Elliman is very positive at the prospects for Sterling & Vertue’s latest development project.”

For more information on the project and how to get involved, visit www.macrocrowd.com

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MacroCrowd is a real estate crowd-funding platform based in New York City, whose mission is to bring distinctive, high-yielding real estate investment opportunities to investors.

Sterling & Vertue is a developer and luxury homebuilder created by Severo Fernandes and Stonington Financial Group, LLC, and specializes in building custom and semi-custom residences in the luxury markets of Long Island, NY.

McDonough & Conroy is a multiple award-winning Hamptons’ architectural firm, based in Bridgehampton, NY. In addition to work for real estate developers, McDonough & Conroy has designed Hamptons’ residences for some of America’s most celebrated business leaders, politicians, and entertainers.

Douglas Elliman Real Estate is one of the country’s foremost real estate firms, and is the market leader in some of the most exclusive markets in the United States, including New York, Connecticut, New Jersey, South Florida, California, and Aspen.