34 Unit New Construction completed! Lots of info to share!

[Deepak Dave]

Investment Info:

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

Purchase price: $425,000
Cash invested: $1,900,000

New Construction Multi Family project. Completed in summer 2019.

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

New Construction, Creating Value, Opportunity in the Neighborhood.

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

Local partners in Highbridge. Negotiated land purchase,

How did you finance this deal?

Construction loan with permanent conversion from TD Bank.

How did you add value to the deal?

New Construction.

What was the outcome?

Operating asset.

Lessons learned? Challenges?

Too many to list! Please feel free to reach out to me. I have years and millions of dollars worth of experience to share!