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Updated about 4 years ago on . Most recent reply

User Stats

34
Posts
10
Votes
Francisco Alzuru
  • Rental Property Investor
  • Louisville KY
10
Votes |
34
Posts

Louisville, KY - Multifamily

Francisco Alzuru
  • Rental Property Investor
  • Louisville KY
Posted

Investment Info:

Large multi-family (5+ units) buy & hold investment in Louisville.

Deal hasn't closed yet. It should close by month's end.

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

Decent cap rate. It should be easy to manage with solid local managers. Strategic value for me.

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

Doing research in multiple websites.

How did you finance this deal?

Non-recourse private-portfolio lender

How did you add value to the deal?

Turn key project. Little VA.

Lessons learned? Challenges?

For deals this size, they MUST comply with agency restrictions or you have to go through banks.

  • Francisco Alzuru
  • Loading replies...