Seeking Apartment Funding

[Dustin Rose]

I'm seeking apartment funding for a 398 unit complex. Details below

398 Unit complex being sold for 4.4 million or $11,000 per door

 

Property 100% vacant

 

After purchase property renovation will cost 2-2.6 million

 

Net cash flow after 80% occupied $1,596,000 per year

 

Resale property at a 10% cap at 80% occupancy for $15,960,000

 

Property History

 

Owner passed away

 

Son was willed property and had no interest in running the business

 

Son kept property while cash flow was rolling in. As maintenance issues and vacancy issues came up he ignored them

 

Son sold property at 50% occupancy to Australian investor

 

Australian investor made no improvements and collected cash flow until 20% of property was occupied

 

Australian investor sold property to Dr. Alan Kwan in Singapore in Dec. 2012

 

Dr. Kwan started renovation but due to busy schedule was unable to perform( secured property with security gate)

 

Dr. Kwan is now selling property

 

Investment Details

 

$4.4 million dollar purchase

 

$2.6 million dollar renovation ( roof, hvac, paint, electrical, paint, appliances, plumbing, drywall, fixtures) Per General contractors bids

 

4.4 million plus 2.6 million= 7 million

 

398 units x 80 % occupancy = 320

 

320 units x $650 average rent = $208,000 monthly cash flow

 

$208,000 x 12 = $2,496,000 annual gross income @ 80 % occupancy

 

$900,000 annual expenses ( advertising, insurance, maintenance, payroll, taxes, telephone, utilities)

 

$2,496,000 minus $900,000= $1,596,000 net annual income

 

To sale at 10% cap rate = $15,960,000

 

Projected time frame 12-24 months

[jim flynn]

how much cash are you adding to project

jim flynn

770-956-9576

[e-mail]

[Bernard R Woodson IV]

This is a great project. If you are still in need of a lender consider us. We are the direct lender and provide 100% LTC true debt, no equity or JV, 4.5% deferred interest during renovation, perm financing offered at 6.1% fixed (no cost to you), true asset based loan, non recourse, no prepay penalty. Licensed and bonded lender, and we are a sponsored lender of the NAHB. I can send you more information if you are interested. Email me at [e-mail].

[Mckenley Washington]

★Commercial Real Estate Funding★ ★NO HASSLE FUNDING★
★Flexible Terms★:

ATTN: BUSINESS OWNERS & REAL ESTATE INVESTORS IN NEED OF FUNDING IN: Wa, Or, Ca, and Tx

MACG REAL ESTATE GROUP and our affiliates are able to facilitate NO HASSLE FUNDING for BUSINESS OWNERS!

[e-mail]

Perfect for Investors looking to Refinance existing real estate assest you currently own to obtain funding for other projects you are working on.

We process, underwrite, close and service all loans in house.Same day approvals and closing within 20 business Days!! Call or email us today for an application.

[e-mail]

Not known to many business owners and commercial real estate investors is the availability of Private Capital for business purposes in the form of Collateral based loans. Business and real estate owners can get a loan for as little as $5,000. We can lend up to $10,000,000 strictly based on the asset or collateral value of commercial real estate. We use methods to determine funding amounts such as credit card sales, accounts recievable, inventory and yes, even purchase orders, regardless of credit scores, income or financial stability.


Contact us today if you are currently looking to refinance one of the following:

Community
Shopping Plaza, 
Strip Mall 
Mini-Mall; 
Convenience store (7-11); 
Department Store (apparel, 
Grocery, Supermarket; 
Hospital-PRIVATE; 
Hotel; 
Light Industrial (10% 
Medical Bldg; 
Mini-Warehouse, 
Storage; 
Mobile Home Park, 
Office Bldg (General); 
Retail Stores ( Personal Services, Photography, Travel); 
Warehouse (Industrial),
Gas Station 
Auto Dealership, 
Medical/Dental Bldg., 
Mixed Use  

Occupancy: 85%+

1st Mtg Amount >= 750000
Interest Rate >= 5+

Contacts us Today!

[CHUCK KABIS MRA, CMC]

If you have cash equity of 10-20% in the project, and can show cash reserve funds, I have ability to assist funding.

email me at [e-mail]. 

[Kris Kyle]

Hello

I can help you get a loan for a very affordable repayment installment and process your loan funds transaction within few hours to enable you get funded with this loan asap

We ELIMINATE or dramatically REDUCE interest charges,we give out loans for a very low percent rates and instant funding asap
No More Stress
Good or Bad credit
Instant Approval
Immediate Relief

Call or text 646-493-8712 to proceed on with your loan transaction done

Thanks Regards

Kris E Kyle

[CHUCK KABIS MRA, CMC]

Please show us proof you actually funded any project recently

[Mckenley Washington]

★Commercial Real Estate Funding★ ★NO HASSLE FUNDING★
★Flexible Terms★:

ATTN: BUSINESS OWNERS & REAL ESTATE INVESTORS IN NEED OF FUNDING IN: Wa, Or, Ca, and Tx

MACG REAL ESTATE GROUP and our affiliates are able to facilitate NO HASSLE FUNDING for BUSINESS OWNERS!

[e-mail]

Perfect for Investors looking to Refinance existing real estate assest you currently own to obtain funding for other projects you are working on.

We process, underwrite, close and service all loans in house.Same day approvals and closing within 20 business Days!! Call or email us today for an application.

[e-mail]

Not known to many business owners and commercial real estate investors is the availability of Private Capital for business purposes in the form of Collateral based loans. Business and real estate owners can get  a loan for as little as $5,000.  We can lend up to $10,000,000 strictly based on the asset or collateral value of commercial real estate. We use methods to determine funding amounts such as credit card sales, accounts recievable, inventory and yes, even purchase orders, regardless of credit scores, income or financial stability.
Contact us today if you are currently looking to refinance one of the following:

Community
Shopping Plaza, 
Strip Mall 
Mini-Mall; 
Convenience store (7-11); 
Department Store (apparel, 
Grocery, Supermarket; 
Hospital-PRIVATE; 
Hotel; 
Light Industrial (10% 
Medical Bldg; 
Mini-Warehouse, 
Storage; 
Mobile Home Park, 
Office Bldg (General); 
Retail Stores ( Personal Services, Photography, Travel); 
Warehouse (Industrial),
Gas Station 
Auto Dealership, 
Medical/Dental Bldg., 
Mixed Use  

Occupancy: 85%+

1st Mtg Amount >= 750000
Interest Rate >= 5+

Contacts us Today!

[e-mail]

[Richard Max]

We are private equity & venture capital investment company who are ready to fund projects in the form of debt finance.

Do you need a loan to Enhance your business? Loan to Consolidate your Debt? Loan for personal uses? Loan for credit Card? Mortgage Loan? We are the solution to your financial problem. We grant loan to both cooperate and private entities at a low interest rate. The terms are very flexible and interesting.

Kindly revert back if you have projects that needs funding for further discussion and negotiation.

Best Regards,
Richard Max.
[phone]
Address: 4625 Sherland Rd,Mountain View,
CA 94043, USA.

[John Sahaj]

Please send a request to [e-mail] or visit our website at www.capitaltrustloan.webs.com

[Richard Max]

We are private equity & venture capital investment company who are ready to fund projects in the form of debt finance.

Do you need a loan to Enhance your business? Loan to Consolidate your Debt? Loan for personal uses? Loan for credit Card? Mortgage Loan? We are the solution to your financial problem. We grant loan to both cooperate and private entities at a low interest rate. The terms are very flexible and interesting.

Kindly revert back if you have projects that needs funding for further discussion and negotiation.

Best Regards,
Richard Max.
[phone]
Address: 4625 Sherland  Rd,Mountain View,
CA 94043, USA.

[Steve Smart]

I am a Registered and Licensed Money Lender/investor
who gives out loans of various kinds such as Payday,
Personal, Mortgage, Business, Auto Loans to Serious
and Interested People at a very low Cost affordable
rate. Contact me today via email at to get started
[e-mail]

DON'T MISS OUT THIS GREAT OPPORTUNITY!
[e-mail]