115 Unit Apartment complex

[Ruben Martinez]

Investment Info:

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

Purchase price: $12,700,000
Cash invested: $100,000

We are taking this property down. Right now we are in the middle of an equity raise for this deal. We spent most of the year trying to get one. Now we are off to the races!

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

My partner and I focus solely on value add apartment complexes.

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

We built a strong relationship with a broker and he brought it to us.

How did you finance this deal?

We are in the middle of the capital raise as I type this.

How did you add value to the deal?

Still to be done. However with will add in $3,000 per door as the units turn over to be able to raise rents and spend approximately $250 per door on the exterior to bring the property to life once more.

What was the outcome?

TBD......

Lessons learned? Challenges?

Get investors money in sooner!