All Forum Posts by: Fred Sams

@Bill Bradfield

Hi Bill, My wife and I are looking to attract small balance debt and equity, to participate in our scaling of Adult Residential Facilities-DD (developmentally disabled adults ages 22-59) ARF-DD. Building confidence, and trust along the way.

My wife and I both have 10+ years each working with this population in facility and clinical settings.

There is an increasing demand well into the future to provide quality care/housing to this population.

If done right this is a strong revenue generating niche.

Today we are looking to attract small balance debt and equity, to support the scaling of ARF-DD facilities.

In the last 2 months we have taken control (lease option to purchase) a SFR for this purpose. We are in the licensing process and approval steps which generally takes 3 – 6 months, before licensing completion, and being able to take on clients.

Right now needs involve exterior/interior TI’s tenant improvement’s, and some reserves.

Phase I (Current)

TI Improvements

Reserves $75,000

Phase II

Exercise lease option

$100,000 - $150,000 (20% down shared)

Secure long term debt (Fannie /Freddy)

Phase III

Develop out initial property $250,000

Control of additional ARF-DD $500,000 - $1.5 MM (transactional)

We are interested in understanding if you can provide some expertise in helping us identify the best fit structure’s to seek the financing:

Starting the facility, opening the facility, scaling the model.

I have of course pro forma and more detail, before barraging you I wanted you to respond with initial interest.

We appreciate your time and consideration.

Best

Fred & Rose / Casa De Fabiosa

@Darryl Dahlen

Hi Darryl, My wife and I are looking to attract small balance debt and equity, to participate in our scaling of Adult Residential Facilities-DD (developmentally disabled adults ages 22-59) ARF-DD. Building confidence, and trust along the way.

My wife and I both have 10+ years each working with this population in facility and clinical settings.

There is an increasing demand well into the future to provide quality care/housing to this population.

If done right this is a strong revenue generating niche.

Today we are looking to attract small balance debt and equity, to support the scaling of ARF-DD facilities.

In the last 2 months we have taken control (lease option to purchase) a SFR for this purpose. We are in the licensing process and approval steps which generally takes 3 – 6 months, before licensing completion, and being able to take on clients.

Right now needs involve exterior/interior TI’s tenant improvement’s, and some reserves.

Phase I (Current)

TI Improvements

Reserves $75,000

Phase II

Exercise lease option

$100,000 - $150,000 (20% down shared)

Secure long term debt (Fannie /Freddy)

Phase III

Develop out initial property $250,000

Control of additional ARF-DD $500,000 - $1.5 MM (transactional)

We are interested in understanding if, this fits any of your origination buckets, or if you can provide some expertise in helping us identify the best fit structure’s to seek the financing:

Starting the facility, opening the facility, scaling the model.

I have of course pro forma and more detail, we appreciate any input specific to our target niche.

Best

Fred & Rose / Casa De Fabiosa

@Faiz Khan 

Hi Faiz I happen to run across this Assisted Living thread, I am particularly interested in finding out what your success was in attracting finance. Here a little about me

My wife and I are looking to attract small balance debt and equity, to participate in our scaling of Adult Residential Facilities-DD (developmentally disabled adults ages 22-59) ARF-DD. Building confidence, and trust along the way.

My wife and I both have 10+ years each working with this population in facility and clinical settings.

We are positive there is an increasing demand/need well into the future to provide quality care/housing to this population.

If done right this is a strong revenue generating niche.

Today we are looking to attract small balance debt and equity, to support the scaling of ARF-DD facilities.

In the last 2 months we have taken control (lease option to purchase) a SFR for this purpose. We are in the licensing process and approval steps which generally takes 3 – 6 months, before licensing completion, and being able to take on clients.

Right now needs involve exterior/interior TI’s tenant improvement’s, and some reserves.

Phase I (Current)

TI Improvements

Reserves $75,000

Phase II

Exercise lease option

$100,000 - $150,000 (20% down shared)

Secure long term debt (Fannie /Freddy)

Phase III

Develop out initial property $250,000

Control of additional ARF-DD $500,000 - $1.5 MM (transactional)

We are interested in understanding if, this fits any of your origination buckets, or if you can provide some expertise in helping us identify the best fit structure’s to seek the financing:

Starting the facility, opening the facility, scaling the model.

Looking forward to hearing from you.

Best

Fred & Rose / Casa De Fabiosa

Hey Nathan,         

Thanks man that invoice template will come in handy for me  as well.

Fred S.

Is a 4” x 6” x 12’ structurally as sound as a 4” x 8” x 12’ beam, when used as a load bearing beam?

Having some home renovation done consisting of widening the opening at dining room and living room.

With this widening we had an existing load bearing beam removed and replaced by a 4” x 6” x 12’ beam.

Hired a licensed contractor to do this work. 

@Paul Allen good hardy debate swash-buckling. Lol

hi @George Fitz I am a RE Broker and Cost Seg Specialist I am always interested in hearing all the different ways investors use cost seg as a strategy.

Hi @Tim Soto did you move forward on the cost segregation study to purchase the self storage property? 

Hi @Coleman Nelson 

I'm curious did you move forward with the cost seg study to purchase the Apt Unit?

If you don't mind me asking what were the cost savings?

Thanks

@Diana Pritchard  here is my take-away. 

You demonstrate your knowledge of that micro-market, can’t argue fact

Clearly you educate the real estate agent on your cost to do business. ++

You clarify how you could do this deal, using sound “investor logic”.

Other BP'ers can opine as to what other metrics to include, but it appears you have laid out 

a framework, for deal flow to come your way my thoughts. Thanks