New construction apartment complex

[Justin Kane]

Investment Info:

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

Purchase price: $8,500,000
Cash invested: $200,000

partnered on a large multifamily new construction deal

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

new construction

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

known the principal for a long time

How did you finance this deal?

cash

How did you add value to the deal?

brought my own suggestions and design implementations

What was the outcome?

completed cashflowing property

Lessons learned? Challenges?

they did not use the property management company they should have which cost months of lost revenue due to vacancies.