Multifamily Syndication through Ferrari Capital

[Joshua Ferrari]

Investment Info:

Small multi-family (2-4 units) commercial investment investment in Mobile.

Purchase price: $175,000
Cash invested: $153,250

Syndication on a Quadplex. 16.89% IRR is the estimated return for our investors after 5 year liquidity event.

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

I’m a multifamily syndicator who specializes in the Mobile, AL market

How did you add value to the deal?

Renovations were extensive. It took over a year to finish. We brought the value of the asset from $175K to $360K after being all in at $328,250. Property was 100% vacant and we turned it around to 100% occupied within one month of completing renovations.