Multifamily new construction in Houston TX investing

[Hector Canales]

Hello BP,

I'm a long time MFH and SF GC in the Houston area, and now I manage to secure a piece of land in the DT area to develop my first multifamily project, the biggest challenge I'm facing is raising the equity capital ($4M). My inner circle of investors that I know only do SF flips.

I'm looking to get a couple of General partners in this deal that can help me bring investors.

here are some detail of the deal:

56 units, 3 yrs exit strategy, Multiple 1.8x, IRR 22.5%

thank you in advance.