Multifamily note investment

[Jon Allen]

Investment Info:

Large multi-family (5+ units) note investment investment in Charlotte.

Purchase price: $3,250,000
Cash invested: $50,000

Note secured by 150+ unit MF property, purchased at a discount.

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

The note will be refinanced as part of a redevelopment project, and the developer's construction loan will take out our loan at the full principal balance, providing a capital gain in addition to the monthly cash flow from P&I payments.