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Updated about 2 months ago on . Most recent reply

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Richy Johnson
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need help structuring terms for a multi family or apartment complex

Richy Johnson
Posted

please let me know if you have successfully completed a creative finance deal and you have some terms example breakdowns i can take a look at 

much appreciated im trying to buy an apartment complex asap

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Quote from @Jaren Taylor:
Quote from @Chris Mason:

If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process. LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.

What's your specific question?

 Where would you find a good mentor to fund the emd and down. I am willing to give up my profit in the deal to find a mentor. Do you think I should give up all my profit to just get the first deal done?


 People that have "amazing deals" outnumber "people that actually have money to execute on them" by a ratio of 10:1 or 15:1. Usually b/c if the deal is so amazing, the money is rarely the issue, and b/c those people that do have the money thus get to cherry pick for the 1 in 10 or 1 in 15 that is the MOST amazing of "amazing deals." 

I obviously can't comment on yours specifically.

Go to the local REIA events, get in specifically with the folks doing the syndication thing.

  • Chris Mason
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