Robb Payne's Posts - Real Estate Finance2024-03-28T14:47:39ZRobb Paynehttps://realestatefinance.ning.com/profile/RobbPaynehttps://storage.ning.com/topology/rest/1.0/file/get/69878983?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://realestatefinance.ning.com/profiles/blog/feed?user=1rui4wd6oa7pu&xn_auth=noLooking for financing for Co optag:realestatefinance.ning.com,2015-01-31:6517464:BlogPost:2154562015-01-31T18:37:12.000ZRobb Paynehttps://realestatefinance.ning.com/profile/RobbPayne
NYC Co op in need of cash out refi. Property is owner occupied appraise value $3.45mil. Looking for $950 cash out. Stated income bank statements no problem.
NYC Co op in need of cash out refi. Property is owner occupied appraise value $3.45mil. Looking for $950 cash out. Stated income bank statements no problem.96 Apt, Student Apt. Complex for saletag:realestatefinance.ning.com,2015-01-19:6517464:BlogPost:2132362015-01-19T01:18:08.000ZRobb Paynehttps://realestatefinance.ning.com/profile/RobbPayne
<blockquote><div align="center"><b><span><font color="#000000" face="Calibri">96</font></span></b></div>
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<blockquote><div align="center"><b><font color="#000000" face="Calibri" size="3">Apt</font></b></div>
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<div align="center"><b><font color="#000000" face="Calibri" size="3">Student Apartment Complex</font></b></div>
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<div align="center"><b><font color="#000000" face="Calibri" size="3">Gainesville, Florida…</font></b></div>
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<blockquote><div align="center"><b><span><font color="#000000" face="Calibri">96</font></span></b></div>
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<blockquote><div align="center"><b><font color="#000000" size="3" face="Calibri">Apt</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">Student Apartment Complex</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">Gainesville, Florida</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">Appraised Value</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">$7.5m</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">Sales Price</font></b></div>
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<div align="center"><b><span><font color="#000000" face="Calibri">$4M + 3%</font></span></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">OWNER IS SICK AND MUST SELL</font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">7 ACRES (15 BUILDINGS)</font></b></div>
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<div align="center"><b><br/><font color="#000000" size="3" face="Calibri">NEW ROOFS<br/> NEW KITCHENS<br/> NEW TILES<br/> REDONE BATH ROOMS<br/> NEW A/C<br/> Studios 8 (470 s.f each ) $500 a month<br/> Town houses 8 ( 895 s.f each ) $670 a month<br/> 1 bed 1 bath 24 ( 724 s.f each ) $575 a month<br/> 2 bed 1 bath 12 ( 949 s.f each) $680 a month<br/> 2 bed 2 baths 20 ( 1050 s.f each )$700 a month<br/> 3 bed 2 bath 24 ( 1370 s.f each )$850 a month</font></b></div>
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<div align="center"><b><br/><font color="#000000" size="3" face="Calibri"> TOTAL MONTHLY RENT $ 55,000 a MONTH<br/> MONTHLY EXPENSES</font></b></div>
<div align="center"><b><font color="#000000" size="3" face="Calibri">1) Utilities (gas, electricity, water, common areas $3,850</font></b></div>
<div align="center"><b><font color="#000000" size="3" face="Calibri">2) Waste ( pro garbage ) $1,250</font></b></div>
<div align="center"><b><font color="#000000" size="3" face="Calibri">3) manager $1,300</font></b></div>
<div align="center"><b><font color="#000000" size="3" face="Calibri">4) Pool </font></b><b><font color="#000000" size="3" face="Calibri">$400</font></b></div>
<div><b><font color="#000000" size="3" face="Calibri"> 5) License fees </font></b><b><font color="#000000" size="3" face="Calibri">$100</font></b><b><font color="#000000" size="3" face="Calibri"><br/></font></b></div>
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<blockquote><div><b><font color="#000000" size="3" face="Calibri"> </font></b><b><font color="#000000" size="3" face="Calibri">6) pest control, supplies ,repairs $ 2,500</font></b></div>
<div align="center"><b><font color="#000000" size="3" face="Calibri"> 7) Property Taxes $ 4,250<br/> 8) Insurance $ 5,000<br/>9) yard care $ 500</font></b></div>
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<div><b><font color="#000000" size="3" face="Calibri"> </font></b></div>
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<div align="center"><b><font color="#000000" size="3" face="Calibri">SIGNED MF, NCND AND SOFT POF IS NEEDED TO GET FINANCIALS & RENTAL ETC</font></b></div>
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</blockquote>Beautiful Turnkey Condo portfolio in Fort Lauderdale Floridatag:realestatefinance.ning.com,2015-01-19:6517464:BlogPost:2131942015-01-19T00:53:17.000ZRobb Paynehttps://realestatefinance.ning.com/profile/RobbPayne
<div><strong>THIS IS A HIGH END PORTFOLIO CONSISTING OF 40 CONDOMINIUMS LOCATED AT NORTH OAKLAND FOREST DRIVE, <span>FT</span>. <span>LAUDERDALE</span>, FLORIDA 33309</strong></div>
<div><strong>THIS IS A TURN-KEY PORTFOLIO THAT HAS AN OCCUPANCY RATE OF 100%</strong></div>
<div><strong>THE OPERATING INCOME IS IN EXCESS OF $400,000</strong> </div>
<div><strong>THE CAP RATE IS A VIBRANT 7%</strong></div>
<div><strong>ALL OF THE HIGH END CONDOMINIUMS ARE LOCATED WITHIN ONE…</strong></div>
<div><strong>THIS IS A HIGH END PORTFOLIO CONSISTING OF 40 CONDOMINIUMS LOCATED AT NORTH OAKLAND FOREST DRIVE, <span>FT</span>. <span>LAUDERDALE</span>, FLORIDA 33309</strong></div>
<div><strong>THIS IS A TURN-KEY PORTFOLIO THAT HAS AN OCCUPANCY RATE OF 100%</strong></div>
<div><strong>THE OPERATING INCOME IS IN EXCESS OF $400,000</strong> </div>
<div><strong>THE CAP RATE IS A VIBRANT 7%</strong></div>
<div><strong>ALL OF THE HIGH END CONDOMINIUMS ARE LOCATED WITHIN ONE COMMUNITY</strong></div>
<div><strong>TREMENDOUS UPGRADES INCLUDE GRANITE COUNTERS, STAINLESS APPLIANCES, TILE FLOORING, BEAUTIFUL WOOD CABINETRY AND ALL NEW FIXTURES.......NO EXPENSE SPARED</strong></div>
<div><strong>CONDO MIX IS AS FOLLOWS: 23 ONE BEDROOMS & 17 TWO BEDROOM CONDOS</strong></div>
<div><strong>THERE ARE 39 DETACHED GRAGES INSIDE THE COMMUNITY AVAILABLE FOR SALE</strong></div>
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<div><br/><div><span><font size="4">MAPPED: </font><a rel="nofollow" href="https://goo.gl/maps/6yz3J" target="_blank"><font color="#196AD4" size="4">https://goo.gl/maps/6yz3J</font></a></span></div>
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<div><strong><font size="4">TO MOVE FORWARD: BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT, BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT (LOI TO INCLUDE FIRM PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW DATE AND EMD INFORMATION). BUYER TO PROVIDE A BUYER'S COMPANY WEBSITE AND INFORMATION OF OFFICE BUILDING(S) THAT THEY OWN IN THEIR PORTFOLIO. BUYER IS ENCOURANGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE OR THE BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY. PLEASE NO TRANSACTIONAL FUNDING.</font></strong></div>