Rental Property Investor · Scottsdale, AZ · Member since 2017 · 116 posts · 136 votes
This is a syndicated investment with an experienced hotel operator and seasoned investment team.
64-room upper mid-scale hotel in Chandler, Arizona, purchase price of $5.225 MM.
10.79% purchase cap rate
Targeted net investor IRR of 16.26%
Investment hold period: 7-10 years
Up to $2.3 MM equity raise
$4,461,864 MM in senior debt
Minimum investment amount: $100,000
Located in the heart of the business district and right off of I-10 and the $1.7 billion South Mountain Freeway expansion. Chandler is the high-tech oasis of The Silicon Desert located in the southeastern part of the Phoenix metropolitan area and is one of the fastest-growing urban centers in the nation.