Real Estate
Black-ownedPeople of ColorWomen
Kornr Store
Black woman developer gets back to basics with Detroit neighborhood marketplace.
Detroit,
MI
Investment type:
Loan
(Debt )
Target raise:
25000
- 200000
Minimum investment:
500
500
End date:
Sep 30, 2022
Sep 30, 2022
ended
Black woman developer. Focused on small scale development
Black demographic. 84% Black residents
Food desert. Bringing food to a neighborhood without
Community centric. Anchored with a tiny, neighborhood-centric marketplace
Terms. 8% amortizing debt. ~5 year term
Payments begin. First quarter 2023
Our Story
Many Detroit neighborhoods lack life essentials that we take for granted on a daily basis - access to healthy food and drink options, personal and home goods, and the Internet. Brinda Devine, owner of Purpose8 Real Estate, LLC (the Company or P8 Real Estate) says We could have a long discussion on the why, but I would rather focus on a solution and create a why not. Her why not is a concept called Kornr Store, and P8 Real Estate has purchased a tiny building on 6224 16th Street, Detroit, 48208 (the Property) to build a home for the first one.