SFR Lease to Own Portfolio

[Will Mace]

Investment Info:

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

Purchase price: $95,000
Cash invested: $1,400,000
Sale price: $2,300,000

Ground-up development of "Class A" SFR Lease to Own portfolio. Sold to commercial investor at 7.3% CAP.

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

Wanted to take advantage of high demand Class A rental market & avoid competitive Spec Build market.

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

Created it

How did you finance this deal?

Standard Construction Financing rolling over to 15 year fixed

How did you add value to the deal?

In-house ground up development

What was the outcome?

Successful sale of portfolio with 100% occupancy

Lessons learned? Challenges?

In retrospect I would've doubled the number of units in the portfolio

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

Listed with a commercial brokerage firm