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Updated 10 months ago, 02/24/2024
Washington DC Hotel Restaurant Investment
Investment Info:
Other commercial investment investment in North Little Rock.
Cash invested: $2,300,000
LP in restaurant/hotel investment
What made you interested in investing in this type of deal?
We loved the location and the opportunity to revitalize the area
How did you find this deal and how did you negotiate it?
This deal was presented to us through a developer friend
How did you finance this deal?
Self directed IRA money
How did you add value to the deal?
We were strictly money partners
What was the outcome?
It’s currently in the construction process scheduled for September 2024 delivery
Lessons learned? Challenges?
Covid was a challenge as we weren’t sure what was going to happen with the investment. Luckily the construction was funded last year as a rebound in hospitality is expected.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No. We are strictly LP’s