Short Term Rental Investment | Airbnb Investment

REAL ESTATE EQUITY INVESTMENT

Paraprin Short Term Rental (STR) Growth Fund I

Paraprin’s STR Growth Fund is raising up to $10 million to fund the acquisition, renovation, and operation of a portfolio of approximately 40 short term rental (STRs) properties primarily in Greater Cleveland. The fund will build upon Paraprin’s experience as a STR owner/operator, having brought nearly 20 STR properties online in recent years. Our experience has taught us that this particular asset class offers value creation, asset preservation, and rental yields that are significantly greater than what long term rentals can offer.

NEW TO STRs? CLICK HERE TO LEARN MORE ABOUT THE STR INVESTMENT THESIS FOR NORTHEAST OHIO

Accredited Investors Please Contact us to Request More Information

100% PRIVACY GUARANTEED

HIGHER RENTS

ASSET PRESERVATION

HIGH DEMAND

FLEXIBLE EXIT OPTIONS

**Please Note: Paraprin STR Growth Fund I is open to accredited investors only. If you would like more detailed information on the fund offering, please contact us via the form above so that we can verify your accredited investor status**

STR Growth Fund Summary of Terms

Key Parameters

INVESTMENT AMOUNT

$10 million total fund size / $200,000 per unit

RETURN ON INVESTMENT

12.5% Target ROI
6% Preferred Return
1.80x Equity Multiple

EXIT STRATEGY

Sale of Real Estate Assets and Cash Flows from Operations

INVESTMENT TERM

5 Year Target

COLLATERAL PROTECTION

Collateralized by approximately 40 cash flowing properties to be owned by the fund

LOCATION

Primarily Cleveland, Ohio and surrounding areas

With STRs, one can ensure the property remains in pristine condition with weekly cleaning and maintenance. Through various marketing platforms and strategies, it is possible to greatly increase the rental yields far beyond what would be achievable with a long term rental, where rents are largely fixed for periods of 1-2 years. When contemplating a sale of the asset, STRs are attractive to multiple buyer types, including retail home buyers looking for a home, institutional investors seeking higher cap rates, or corporate buyers seeking furnished accommodations for their executives. With remote work becoming the norm, more and more people are seeking short term rentals not only for vacation, but also as a way to experience living in a new city without the hassle of buying, renting, or furnishing a new home.

Risk Mitigation & Safety

Here are a few key points that set Paraprin's STRs apart from the crowd:

Sample Photos from Paraprin's Existing STR Portfolio

CLICK HERE to view our entire portfolio at Paraprin Short Stay

Vertically Integrated Fund & Project Management Team

CLICK HERE to meet our construction & property management team at Paraprin Construction

As a subsidiary of Paraprin Capital, Paraprin Construction ensures strict oversight of project development and asset management. Our in-house team performs construction services, property management, property maintenance, acquisitions, sales, leasing, marketing, and administrative services. This team allows us to execute on the STR Growth Fund Strategy entirely in-house:

ACQUISITIONS – Acquire discounted single family or small multifamily homes that require minimal renovation and are located in areas with high demand for STRs
RENOVATION – In-house construction team will determine a needed scope of work and complete renovation within 1-2 months
DESIGN & FURNISHING – In-house design team will furnish and stock the property with amenities based on a design theme and the target guest profile
MARKETING & MANAGEMENT – Properties are marketed through Paraprin’s direct booking website, Airbnb, VRBO, Booking.com, and are managed in-house to handle all guest communication, maintenance issues, and cleaning
MULTIPLE EXIT OPTIONS – After 5 years, Paraprin will aim to sell the entire portfolio of properties to an institutional investor, but can also sell some or all the properties individually to retail home buyers

Project Location - Primarily Cleveland Ohio & Surrounding Areas

DISCLAIMER

NOT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES.

PLEASE CAREFULLY READ THE FOLLOWING BEFORE USING THIS WEBSITE (“Site”). All persons using the Site expressly agree to the following disclaimer as a pre-condition to using this Site for any purpose whatsoever. Continued use of the Site signifies your acceptance of, and agreement to be bound by, the following terms and conditions.

Any offering made by PARAPRIN STR GROWTH FUND, LLC (the “Company”), is for accredited investors only pursuant to exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 (the “Act”). Specifically, the Company will rely on Rule 506(c) of Regulation D promulgated under the Act, and exemptions available under applicable state securities laws. Persons desiring to invest in the Company will be required to make certain representations and warranties regarding their financial condition. Such representations include, but are not limited to, certification that such person is an “accredited investor” as defined in Rule 501 of the Act. The Company will also request that prospective investors provide documentation supporting their representations regarding accredited investor status. Prospective investors must be prepared to provide supporting documentation sufficient for the Company to reasonably believe that the Investor is an accredited investor. This may include personal financial information such as tax returns, bank and/or brokerage statements and pay stubs. The Company also reserves the right to reject any subscription, in whole or in part, in its sole discretion.

For a limited number of accredited investors, the Confidential Private Offering Memorandum and associated documents (collectively, the “Documents”) will be made available by the Company to assist the recipients in deciding whether they wish to consider an investment in the Company. The Documents do not constitute an offer or invitation for the sale or purchase of securities.

Similarly, this website is neither an offer to sell nor the solicitation of an offer to buy any security. Only the Documents may make such an offer. The information on this website is provided to you for informational purposes only. Any advertising material must be read in conjunction with the Documents in order to understand fully all of the implications and risks of the offering of securities to which it relates.

To understand a private offering fully, you should read all of the Documents carefully, including the “Risk Factors” section, before making a decision to invest. Some of the more significant risks include the following: servicing of the investment depends upon the Company’s and/or its affiliate(s) ability to manage the business and generate adequate cash flows; the investments are risky speculative investments; there will not be any market for the investments; there is no assurance that any investments will be sold; you will not have the benefit of an independent review of the final terms of the investments; payment on the investment is dependent on the Company and/or its affiliate(s).

It is important to note that offerings such as this one are complex and best intended for sophisticated investors, and may have high costs of ownership. Private investments carry certain unique risks which should be carefully considered and fully understood by individual investors before investing.

The information in the Documents does not purport to be comprehensive, has been provided by the Company and has not been independently verified. While this information has been prepared in good faith, no representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by the Company, its affiliate(s) or by any of their respective officers, directors, managers, employees, contractors or agents in relation to the accuracy or completeness of the Documents or any other written or oral information made available to any interested party or its advisors and any such liability is expressly disclaimed. In particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the achievement or reasonableness of any future projections, management estimates, prospects or returns contained in the Documents or in such other written or oral information.

The Documents also rely on and may reference information regarding the market(s) in which the Company intends to operate and compete. Some of this information may have been obtained from various third-party sources, including providers of industry data, discussions with contacts and the Company’s own estimates. While the Company believes that industry publications, surveys and forecasts are reliable, they have not been independently verified, and no representation or warranty is made as to the accuracy or completeness of such information in the Documents.

Additionally, industry publications, surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed and in some instances state that they do not assume liability for such information. The Company cannot assure you of the accuracy and completeness of such information as such information has not been independently verified. In addition, in many cases, statements in the Documents are made regarding the markets and intended position in the markets of the Company based solely on the Company’s experience, views, and its own investigation of market conditions. No assurance is given that any of these assumptions are accurate or correctly reflect what the Company’s position in the industry will be, and none of such internal surveys or information has been verified by any independent sources. No representation or warranty is made as to the accuracy or completeness of this information.

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The Documents will be delivered to selected parties for information only and on the express understanding that they shall use it only for the purpose set out above. The Company gives no undertaking to provide the recipient with access to any additional information or to update or provide any additional information, or to correct any inaccuracies in it which may become apparent, and it reserves the right, without giving reasons, at any time and in any respect, to amend or terminate the procedure for the sale of the Company’s shares or to terminate negotiations with any prospective purchaser.

The availability of the Documents shall not be deemed to be any form of commitment on the part of the Company to proceed with any transaction.

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Any recipient of the Documents in jurisdictions outside the US should inform themselves about and observe any applicable legal requirements.

Prospective investors should not view the contents of the Documents as legal, tax or investment advice. Each investor should consult his or her own lawyer, accountant and/or financial advisor as to legal, tax and related matters concerning an investment in the Company. The Documents shall not exclude any liability for, or remedy in respect of, fraudulent misrepresentation. By accepting these Documents, the recipient agrees to be bound by the foregoing limitations.

For notifications and inquiries regarding these Documents, please address all notifications and inquiries to:

Paraprin STR Growth Fund, LLC

c/o Paragon Principal Capital Ohio, LLC

2032 W 105^th St, Cleveland, OH 44102

Attn: Brennen McConnell, Manager

Phone: (216) 273-7597

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