Commercial Property Investment

[Jenny Kim]

Investment Info:

Other commercial investment investment in Wichita Falls.

Purchase price: $6,500,000
Cash invested: $3,000,000

Senior Apartments

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

Upside as a distressed asset with great potential after renovations

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

Referral

How did you finance this deal?

Seller Financing plus private party loan

How did you add value to the deal?

Change of use and renovations

What was the outcome?

Appraised Value increase by $3,000,000

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

Yes, with real estate brokers/agents, attorneys & sub-contractors