Lilo Santana's Discussions
Off market 92 unit multifamily GA, 64% of ARV...
Started Feb 20, 2013 0 Replies 0 Likes
I curently have an off market deal on a 92 unit, all brick, multifamily property is Georgia. Current acquisition price is 65% of ARV ($2,450,000 vs. $3,750,000) and a 16% CAP.Property don't have any…Continue
Tags: deal, multifamily, market, Off
Apartment Building Financing Opportunity...
Started this discussion. Last reply by Johne Edward Nov 16, 2012. 8 Replies 0 Likes
Looking for private investors/direct lenders interested in participating in the financing of the acquisition/rehabbing of an apartment building in the Palm Bay, Fl area.Property is bank owned (REO)…Continue
Apartment building acquisitions...
Started this discussion. Last reply by Kenneth wood Mar 20, 2014. 3 Replies 0 Likes
Through our company SanMagAcquisitions.com, we buy, fix and refinance REO and distressed apartment buildings for long term hold in our portfolio.Our purchase criteria and LTV is always 65% or less of…Continue
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Fallacy No 1: The "skin in the game" bull...
Posted on September 8, 2012 at 3:24am 2 Comments 6 Likes
Recently I posted in various websites, about an apartment building deal, that could be acquired for under 65% of it's ARV.
Those who received the financial analysis should have seen that, the ARV of the property was determined based on rents lower than the average market rate (therefore a very conservative NOI), estimated repairs were overstated to reflect a "worst case scenario" and cover possible overage, CAP rate was 18% at acquisition and, the cash on cash was way over 10% after…
ContinueApartment Building Financing Opportunity...
Posted on September 3, 2012 at 2:26am 0 Comments 0 Likes
Looking for private investors/direct lenders interested in participating in the financing of the acquisition/rehabbing of an apartment building in the Palm Bay, Fl area.
Property is bank owned (REO) and can be acquired for 58% of it's ARV value ($698K), including repairs. Total investment comes to $420K and I'm offering 10%, interest only ROI, 12-24 months term.
Rehab work is a complete "gut" job in order to bring units to above average standards for the area. ARV however is…
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