Seeking Investors 124 unit Apartment in Texas, Performing 9 CAP Deal

[Omar Ruiz]

Thank you for your interest in our project.

I'm raising $1.26 million for a syndication project and purchasing with 80% LTV loan that myself and sponsor are qualified for. My sponsor and I have done other deals in Texas already and have experience. The sponsor owns over 600 apartment units in Texas together with some of ours and my company owns properties and a property management business in California operating since 2006 (please request company packet for more info and client testimonials). The property management operations and management of the asset is the part of the business that we focus on, as we consider it the most important.

This opportunity will add value to any investment portfolio focused on cashflow and future appreciation. A property package will be provided with information on the local market that is beginning of a job growth trend due to the new medical university 4 blocks away, the development of a new power plant in the city and several developments in the aerospace sector and expansion in the local airport. My background is in aerospace, so I'm aware of new developments in this industry and I can provide verifiable data from published sources.

We've setup a Texas LLC that owns the 124 unit Apartment and investors will own shares in the LLC. This is a value-add property with below market rents and 100% occupancy. The property is well maintained, Class B-C with 2008 roofs that serves blue-collar working class people. This is exactly what the local market needs based on verifiable census income demographics. One thing mentioned in the property package is land (.9 acre) located next to the property that was negotiated into the deal after getting it under contract, and that we're exploring future use of possibly developing more rental units or a storage facility to rent out. The property package will detail the plans and financials.

Cashflow is shared with investors 50/50. Appreciation and equity is shared based on amount contributed towards the raise. Investors receive all depreciation as spelled out in the LLC operating agreement and PPM. I would like to take some time when you're available to talk over the phone so that I can better understand what your investment objectives are and the type of investments that you prefer, to see if we are a good fit. Feel free to connect with me thru Bigger Pockets or LinkedIn

Best Regards,

Omar Ruiz