Funding Partner for Passive 25 unit Portfolio purchase

[Tim Catalano]

Looking for a funding partner for a 25 unit portfolio purchase.  Total cost is estimated at $2M and looking for someone to fund around $400k.  I will take care of the rest of the funding and then management of the properties long term.  Open to any terms at this point with a partner, i.e. equity share, cash flow share, or even just a straight interest rate with a balloon payment due in an acceptable time.  Properties are all in the Hampton Roads area and are currently tenant occupied.

[Ernest Grindle]

@Tim Catalano Do you have the addresses? I considered looking at the portfolio but he wanted a $2M preapproval letter or POF before he would tell me the addresses. It thought it would be pretty funny for me to approach a lender asking for $2M (or $400K) and not be able to tell them what it was for...so I didn't give the deal much consideration at the time.