The Dechiro Mixed Use Development

[Katie Neason]

Investment Info:

Other commercial investment investment.

Purchase price: $250,000
Cash invested: $550,000

We purchased a couple of parcels of land, replatted and re-zoned them to construct a small mixed use building with 20 residential lofts and 3 retail commercial spaces. We also served as our own GC on this one.

https://youtu.be/jyYD95e8B08

How did you finance this deal?

75% LTC commercial bank loan. Interest only for 24 months then automatically rolls to an amortizing loan 5/20.

How did you add value to the deal?

Ground up development.