All Forum Posts by: Chris Blackburn

Our cost for building homes- excluding the land on a entry level 3/2 has been about $110-$125 a foot. Are you building in City of Salem or Marion County? SDC's can be very expensive so make sure you have that added to your total. Jay Heinrichs has played this wonderful game for a long time and getting close to his numbers takes a lot of skill and experience. (not just the subs- but value engineering and bulk pricing) Sometimes this can backfire since you may not have a good history and are asking for the best pricing. Without previous experience track record, you may be in store for poor quality and excessive time frames.

Here is the SDC costs for Salem:

https://www.cityofsalem.net/CityDocuments/public-w...

Peter-  Hit me up on  PM- We are buying multi-family property in the Salem area.

Pat Gorham,  NW Property Management.   http://www.northwestpacific.net.   Great company- no nonsense management, great team in place solid process.  

Looking for Commercial or Industrial land or buildings with extra land in Salem, Oregon.   We are a cash buyer, self financed.   We have been buying  at the $100,000-$200,000 range per acre for land- more if there are buildings included.  Target size is 1/2 up to 12 acres.  Please send me any email.  

We are flexible to work with brokers, birddogs or owners always looking for long term relationships.

[email protected]   

Chris Blackburn

Clutch Industries/NWR

Thank you

I have always been impressed with this company:

http://www.oksenholtconstruction.com

Jon Oksenholt.

2015 NW 39th Suite 201
Lincoln City, Oregon 97367

Jeremy,   We have a bit of Multifamily in Salem.  Let me know if you need any help.  I live and work here and have a passion for RE.  Chris  NWR/Clutch

We are at the end of a 10 year swap on a original $4.2 mil loan.  New about is $3.3 mil.  We are looking at a swap with a major bank.   The cost is about $50K.  (25K for the swap, $10K for the appraisal/condition inspection $10K for the   (They felt there was about $900,000 in maintenance that would need to be done over 10 years)  Roof's, elevators, blacktop etc.   Appraisal came to $7.5 million.   Swap rate on a 10/15 came to 3.83%.  But they felt we needed reserves and want to put a credit line on another apartment building for $820,000 and restrict $500,000 repairs and allow $320,000 for the actual credit line.  

Is this in line?   Product is cash flowing great.  

Let me know

Looking to source some IG (industrial general) land in Salem Oregon.  Looking at .5 acres up to 10 acres. Target price is $50,000 to $125,000.  Will consider a warehouse with extra land. 

Price depends on needed improvements, offsite work and or location. 

Please send me an email if you have any opportunities.

If someone can birddog the property- I would pay a finders fee.

Chris

NWR

Jay, thank you again for input.  I seem to gravitate toward your posts.  I may have to go on a binge and read them all.

We use Bertolucci and have had no issues.  Small 28 unit complex in S. Salem.