Commercial redevelopment project

[Matt Maurice]

Investment Info:

Office Space commercial investment investment.

Purchase price: $120,000
Cash invested: $650,000

Contributors:
Ed Riggenbach

Commercial redevelopment project in a (sort of) historic downtown area. Building out for a co-working space, starting construction in June 2019!

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

Curiosity in commercial REI

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

Stumbled upon it in MLS

How did you finance this deal?

Cash & Portfolio Lender

How did you add value to the deal?

Massive build out

What was the outcome?

TBD

Lessons learned? Challenges?

Commercial takes WAY longer and the red tape is thicker