We have been offered a 140-home portfolio in Memphis. Owner is selling to help wrap up estate planning, and has a low cost basis in all properties due to long-term ownership.
Selling price is $5.5 million for package, or less than 40K per home. Zillow home price index in Memphis at present time is $64,700, indicating portfolio value of $9 million. (We are still performing our extensive due diligence to find the correct value number.)
Homes are all rented, mostly to long term reliable tenants. NOI is $600,000 annually. (In other words, this package is worth the purchase price for its income alone.)
We want to find a 5-year permanent loan or a 1-year hard money loan, at the purchase number. Thank you.
I would love to have a look at this. I am sure we can add alot of value. Please send executive summary to email@example.com or feel free to call me at 732-301-3929 to discuss.
After I see the deal put together, I will have feelers within a day.
Trust me, I will not let you down. I will deliver the best the market has to offer.
We can close extremely fast if necessary. I look forward to working with you.
This sounds like a loan that fits our groups lending model. Call us directly to discuss your project and needs when you are ready. Your loan inquiry has been registered under your name and/or your company name. With the vast amount of responses for our investment/Lending postings it's best you call us back directly for a faster response. We have a no pressure sales approach so call us when you are ready. Times to call M-F 9am-5pm, Sat 10am-4pm EST. Sundays feel free to call and leave a message for a return call.
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"I have been an Owner Broker in Charlotte, NC for over 34 Years. I recently contacted WPI for a loan against my office building for leverage for investment capital. WPI was very professional and FAST locating me funding. I closed within two weeks of my application and now have capital to invest in some of the numerous deals available in my area. I would highly recommend them to anyone!" J. Ramadan - Investor/Owner Broker - Charlotte NC
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