100+ Unit Ground Up development project due to be completed Q3 2025

[Dave Seymour]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $3,000,000
Cash invested: $6,000,000
Sale price: $25,000,000

Ground Up development project due to be completed Q3 2025

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

Demand in the market was very high after COVID. Good cost basis on the land and a strong ground game to complete.

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

Relationships in the market.

How did you finance this deal?

LP/GP equity construction loan

How did you add value to the deal?

Built it

What was the outcome?

Exit undetermined stabilized Q3 2025

Lessons learned? Challenges?

Control of overall project staying diligent.