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Updated about 10 years ago,
30 unit deal in NY
Hi All,
I have a 30 unit deal in central NY that I am currently trying to fund. The issue im running into when contacting private equity firms is they say the deal is not big enough. I am trying to raise $300,000 (investment costs 1.35 mill) Where would you suggest trying to raise the additional equity? I have $100,000 of the $300,000 already so would only need $200,000. The numbers are awesome and I have a great performa with a waterfall that gives the investor an IRR of 16%. Please let me know your suggestions.
Thanks,
Jay Kiehn