587 unit multi-family in Houston, Texas

[Ronald Rohde]

Investment Info:

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

Purchase price: $21,000,000
Cash invested: $8,000,000

Represented Buyer on a large 587 unit multi-family acquisition. Multiple lenders, title and restrictive covenant issues to be resolved with City of Houston, down units and multi-million renovation budget.

How did you add value to the deal?

Reviewed all PSA, Amendments, leases, vendor agreements, title work, covenants

Lessons learned? Challenges?

Large project required significant equity and flexibility to close.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Riverway Title