San Marcos, California (PressExposure) April 21, 2009 -- Meridian Pacific Properties, a leading real estate investment company, announced its new Investor Assurance Program for its properties in its Jackson, MS and Memphis, TN locations. Properties offered under this program feature special protections for real estate investors, including a minimum of 10% initial equity in the investment property, a one-year homeownerâs warranty, and a one-year rent warranty.
âWe are pleased to be offering properties with enhanced investor protections,â said Kevin Conlon, co-founder of Meridian Pacific Properties. âOur Investor Assurance Program directly addresses an investorâs 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 homeownerâs warranty is being offered in partnership with American Home ShieldÂ® 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.
âOur 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,â added Jeffrey King, co-founder of Meridian Pacific Properties. âWe 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.â
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 http://www.meridianpacificproperties.com or contact 760-716-5158.