Equity Ownership Opportunity- Multifamily rehab 334 units
by Clint Williams
ASP Commercial Group currently has a project we are looking to fill, this is not a standard purchase it is a buy-out. Here are some details,
I am partnering with another investor on a 334 unit repositioning in Memphis TN. He purchased the project in foreclosure for $1,928,000
He wants another active business partner so I am buying into the deal this means buying out his current investors who are passive.
Funds needed: $865,000.
We will then finish the renovation, when leased up our total investment will be $3,500,00 into the property, it will be worth $5,300,000. We plan to sell in year 3 after stabilization.
I am giving 40% ownership to Equity Investors that want a good return on there capital.
Or just a private loan, but as a JV the ROI is greater than 60% within 3 years.
This private loan must be structured as debt with a 2nd position. My partner already has a first mortgage.
I have a property package available for review.
This deal is very lucrative we plan to raise this capital very soon from private investors.
Please contact me for more info:
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