How to Get a JV Partner On A Property With These Numbers?

[Kathy Kalb]

We are like everyone else in search of a legitimate business partner. Although, we do have a way to make sure a jv partner could be out on a purchase like this within 36 months. Up to an interest rate of $15%-20% on the $1.7 m funds needed as the down payment. Anyone?

Price: No. Units: $8,900,000 No. Units: 96 Building Size: 24,782 SF Price/Unit: $92,708.33 Property Type: Multifamily Property Sub-type: Mid/High-Rise Property Use Type: Investment Cap Rate: 14% Occupancy: 100% No. Stories: 3 Year Built: 2012 Lot Size: 9 AC

Financial Summary

• Actual
• Year

  2014

• Scheduled Gross Income

  $110,400

• Operating Expenses

  $14,861

• Net Operating Income

  $95,486