Theo Ventures
Pipeline
TV-CHAMBERSBURGActive90High

Chambersburg — Owned Asset

Chambersburg, PA·Owned Real Estate / Construction Loan Eligible·Theo Ventures (Owner / Sponsor)
Confidence
80
Set status
Total cost
$6.5M
Target IRR
14.0–18.0%
MOIC
1.90x
Hold
4 yrs

Investment thesis

Wholly-owned Chambersburg asset held on the Theo Ventures balance sheet. Site qualifies for construction-loan financing to fund vertical development; work in progress on lender term sheets, GC pricing, and stabilized-value underwriting to size the senior loan and equity gap.

Risk register

  • Market
    Cap-rate expansion in exit year
  • Capital
    Floating-rate exposure post-cap
  • Sponsor
    Concentration in single GP relationship

Diligence checklist

5 of 11 items complete
45%
Workstreams cleared
Workstream
Market
1/2
  • Submarket comps, absorption & demand catalysts
    K. Reyes
  • Tourism / employment / migration overlay
    K. Reyes
Workstream
Financial
1/3
  • Underwriting model stress test (±200 bps)
    J. Tan
  • T-12 operating expense & rent-roll verification
    J. Tan
  • Debt term sheet & rate-cap pricing
    M. Okafor
Workstream
Legal
1/2
  • Title, survey & entity formation review
    Goodwin
  • Escrow agent & tranche release mechanics
    Goodwin
Workstream
Physical
1/2
  • Phase I ESA & property condition assessment
    ARUP
  • Construction budget & schedule verification
    ICM
Workstream
Sponsor
1/2
  • Sponsor track record, references & KYC
    C. King
  • GP co-invest, promote & waterfall structure
    C. King
Counterparty diligence
Composite 90 · High

Proceed with standard documentation.

Updated 2026-07-10
T1
4/ 6
Government / primary source
T2
1/ 6
Independent third-party corroboration
T3
1/ 6
Single self-reported source
T4
0/ 6
Unverifiable / absent
  • A · Weight 20%
    Entity Verification
    5.0/5
    • T1Theo Ventures owns fee simple — deed recorded, title clean.
  • B · Weight 20%
    Principal Background
    5.0/5
    • T1Owned by principal; no counterparty background risk.
  • C · Weight 15%
    Regulatory Standing
    5.0/5
    • T1No adviser registration triggered.
  • D · Weight 15%
    Litigation & Enforcement
    5.0/5
    • T1No litigation on the parcel or entity.
  • E · Weight 20%
    Track Record / Funding Mechanism
    3.0/5
    • T3Construction budget and lender term sheets in progress; awaiting GC pricing lock.
  • F · Weight 10%
    Public Footprint Coherence
    4.0/5
    • T2Materials align; stabilized-value underwriting still preliminary.