Lilo Santana's Blog (2)

Fallacy No 1: The "skin in the game" bull...

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…


Added by Lilo Santana on September 8, 2012 at 3:24am — 2 Comments

Apartment Building Financing Opportunity...

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…


Added by Lilo Santana on September 3, 2012 at 2:26am — No Comments

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