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25
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22
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Roseann Koefoed
Pro Member
  • Rental Property Investor
  • Frankfort, IL
22
Votes |
25
Posts

Looking for Preferred Equity

Roseann Koefoed
Pro Member
  • Rental Property Investor
  • Frankfort, IL
Posted Jul 15 2024, 15:02

I'm very interested in buying an independent senior-living LIHTC property next to a 24-unit investment I already own.  I want to assume the in-place LIHTC loans, but I need either Mezz Debt or Preferred Equity to cover the cap between the in-place loans and the equity I can invest.  The property will graduate from the LIHTC program by mid-2027, at which time I can take the deal to market and refinance the whole thing.

Help me make this happen!

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