American Heartland Cabins

[Brett Deas]

Investment Info:

Other commercial investment investment.

Purchase price: $1,130,000
Cash invested: $400,000

Contributors:
Amanda Myers, Mike Sebastian

My company (3 Servants Investing) just syndicated a current hospitality rental business out in Ohio. There are 3 rental cabins on 12 acres. We are renovating the cabins and are developing a floating A-frame complex on the back 8 acres along with other unique amenities.

What made you interested in investing in this type of deal?

It was just right for our buy box. We had a mom&pop that was underperforming and were able to lock it up significantly under ask with a clear path to profitability.

How did you find this deal and how did you negotiate it?

It was publicly listed.

How did you finance this deal?

We syndicated it using Limited partner equity and a hard money loan on a 1 year term.

How did you add value to the deal?

We are renovating the existing cabins along with the A-frame development.