Multifamily investment project in Okc

[Wes Salous]

Investment Info:

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

Cash invested: $2,500,000

Developed my own 20 units Lofts

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

Affordable housing is needed in the US. Stable type of investment. built to sell.
Plan is to develop others. Better cash flow than my single homes.

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

My own search . Hired a consultant to help me build it and negotiate construction bids and manage the construction together.

How did you finance this deal?

80% LTV thru a local bank

How did you add value to the deal?

N/A

What was the outcome?

N/a

Lessons learned? Challenges?

How to build a budget and proforma .

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

No