“We are pleased to be offering properties with enhanced investor
protections,” said Kevin Conlon, co-founder of Meridian Pacific Properties.
“Our Investor Assurance Program directly addresses an investor’s three main
areas of investment risk: not over-paying for a property, acquiring a
property that is in excellent physical condition, and not having issues with
rent collection or vacancy."
Meridian Pacific Properties obtains independent third-party appraisals at
its own expense to validate the appraised value of properties that it offers
to its investors, and discounts the properties at least 10%. The homeowner’s
warranty is being offered in partnership with American Home Shield® and
covers the repair or replacement of many of the most frequently occurring
breakdowns of home systems and appliances. The rent warranty covers the risk
of lost rents and vacancy due to tenants breaking their lease agreement.
“Our decision to offer our Investor Assurance Program is a reflection of
our confidence in the quality and value of our properties and the
professionalism of our property management partners,” added Jeffrey King,
co-founder of Meridian Pacific Properties. “We expect that this program will
provide a strong measure of assurance for our investors and prove to be very
popular. With positive cash flow and cash-on-cash returns starting in the
10% - 15% range, there is no reason not to invest.”
About Meridian Pacific Properties
Meridian Pacific Properties was founded
in 2006 and is headquartered near San Diego, CA. Its mission is to provide
positive cash flow properties to investors that are worry-free and in
excellent rental condition. Its goal is to provide an alternative investment
class in real estate with annual internal rate of return (IRR) to investors
of at least 20% per year over a five-year period.
For more information, visit
www.meridianpacificproperties.com or contact 760-716-5158.
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Jeffrey King
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