Closed on our latest deal in San Antonio, TX

[Vince Scolari]

Investment Info:

Large multi-family (5+ units) fix & flip investment in San Antonio.

Purchase price: $30,000,000

This is a value add Class B property right in the heart of San Antonio, TX along the 35 corridor. We are projecting a solid 8% pref and over a 15% IRR for our investors in this solid deal.

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

Lots of opportunity in this deal by just adding management efficiencies. Tested business plan in place with the renovations. High income and Growth location.

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

Off market broker relationship

How did you finance this deal?

Fannie Mae agency debt

How did you add value to the deal?

Increasing management efficiency. Unit turns adding higher quality units. Adding additional revenue streams such as storage and covered parking.