100 Unit C-Class Apartment Syndication Deal

[Mike Vann]

Investment Info:

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

Purchase price: $4,225,000
Cash invested: $1,450,000

100 Unit C-Class Apartment community

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

High Cash Flow

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

Broker relationship

How did you finance this deal?

Freddie Mac SBL

How did you add value to the deal?

The plan is to rehab interiors, exteriors, and add amenities as well as implement professional 3rd party management.

[Yonah Weiss]

Congrats @Mike Vann! I have seen a lot of people investing in OKC and Tulsa recently, great and solid markets. 

Was this a syndication or 1031? What is your projected hold period?