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Impact Growth Capital Newsletter
New Deal: Historic Preservation + 30% Target IRR (506c)


IMPORTANT REGULATORY NOTICE

Impact Growth Fund
Join Us In Solving The Affordable Housing Crisis
Own a Piece of the GP — Not Just the Fund
For the first time, accredited investors can access General Partner economics — including a share of management fees, promote, and equity. This insider structure is typically reserved for founding partners and offers revenue-based participation. A rare, strategic opportunity to own a piece of the GP is now open.
Click here to learn more from a previous newsletter.

Impact Growth Capital is preparing to open a new real estate investment opportunity structured under Rule 506(c) of Regulation D.
Participation is available exclusively to accredited investors, as defined by the SEC, and requires independent verification of accredited status prior to receiving offering materials or investing.
This communication is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities.
Investors who believe they qualify and wish to receive additional information may request access through our investor onboarding process.
Revitalizing the Heart of Pueblo: The Colorado Building
We are excited to introduce our latest opportunity: The Colorado Building,
Located in downtown Pueblo, this project is not just a real estate investment; it is the cornerstone of a massive urban renewal initiative. We are taking an iconic 1925 structure and transforming it into a vibrant, mixed-use engine for economic growth and community impact.
The Project at a Glance
This "shovel-ready" adaptive reuse project creates a stable, intergenerational ecosystem in the heart of the city.
Residential Impact: 59 units of independent senior housing and 12 live/work lofts designed for veterans and local entrepreneurs.
Cultural Restoration: Full restoration of the historic theater to serve as a civic and cultural venue.
Commercial Anchors: Over 20,000 sq. ft. of ground-floor retail, including a café, artisan retail, and medical services.
De-Risked via Heavy Incentivization
One of the most compelling aspects of this deal is the robust capital stack. We have secured significant public support to minimize equity risk.
Tax Credit Coverage: Approximately 29.4% of the total project costs are covered by Historic Tax Credits (HTC), providing a massive buffer and immediate value to the capital stack.
Additional Support: The project utilizes C-PACE financing for energy efficiency upgrades, further optimizing the cost of capital.
Investment Profile
By leveraging these public incentives and filling a critical gap in the local housing market, we have projected strong returns for our partners:
Target IRR: 30%
Target Avg Cash-on-Cash: 14.1%
Target Equity Multiple: 3.2x
Why Pueblo?
Pueblo is undergoing a pivotal resurgence. With vacancy rates dropping and rental demand rising (multifamily vacancy is below 6%), the market is hungry for high-quality, centrally located inventory. The Colorado Building sits at the intersection of Main St. and 4th Ave the city's primary gateway positioning it perfectly to capture this growth.
Next Steps
We are opening conversations with interested accredited investors starting this week. If you are looking for a deal that balances high targeted returns with significant community impact and preservation, we want to speak with you.
Secure your spot to review the full underwriting and offering memorandum.
Jesse Sells
Founder | Impact Growth Capital
Explore the Colorado Building Opportunity
If you are an accredited investor and would like to review the full underwriting and offering materials, request access and book a confidential call.
Have a topic or question you want to see covered? Reply directly to this email.
