All Forum Posts by: Garrett Finnell

I'm looking for any multifamily management groups that help their clients acquire new properties. 
If you help your clients with:
-Underwriting and modeling
-Buying Strategy
-Contracting
-DD
-Lease-up

I want to get in touch. 

If you have others, sure I'd look at them, but my crew is really targeted towards norman and it has a higher chance of transacting. 

I'm working with a group that's interested in purchasing multiple off-market apartment sites in Norman, OK. 
If you have a contact, or know of a sale, we're willing to pay a finders fee if we close. 

Sites need to be larger than 35 units.
Not looking for duplexes/quads, etc. 

Quote from @Cesar Contreras:

Hello, 

We recently purchased a large property in Downtown Oklahoma City and we'd like to see our options. Can anyone recommend a good management company with good presence in OKC?

Call up Eli at "the property center". 
They do a great job with properties we've helped sell to several investors. 

Quote from @Rick Pozos:

Hey @Garrett Finnell you would be doing your client a service by referring the business to someone who is a commercial broker 

Thanks for the input. 
Unfortunately, this is not an option due to the nature of the relationship. 
My client is a broker in the NY market. 
I'm just acting as an aid, as it were and helping to bring awareness to the opportunity for potential buyers. 

I'm helping a client of mine with the sale process of his Multi-Family/Condo site that's in development. 
*See here for post about the property specifics* 
However, I'm in a different state (Oklahoma) and I'm trying to wrap my head around some of the intricacies of a big development sale in New York. My political intuition tells me that Oklahoma and New York probably have some key differences when it comes to how their real estate laws, transactions, and operations play out during the sales process. 

Are there any natives that can clue me in on things like:
-Typical time-frames for different aspects of inspections, title/ownership proof, financing contingencies, etc... 
-Important (or unusual) inspections needed for that area. 
-Need for a real estate lawyer and what to expect.
-other questions I don't even know to ask? 

Hey ya'll, I've got a client that is in the process of finishing up an off market condo development on Long Island and he's asked for some help getting connected to a buyer. I know deals this big typically don't happen here (not what this site is usually for) but I thought it would be interesting to throw it out to the community here and see what happens or at least see if anyone has a connection I could make to someone that would do a deal this size. 

The property is appraised at a completed market value of $53 Million. 
Units will be just over 1,100 sqft, 1 Bed 1.5 Bath but with a large den space that has the ability to value add and be turned into a 2 bed 1.5 bath. AGI is comped at $3,648,000 with annual OpEx at about $575,500 so bought in cash it's got a 5.8% cash-on-cash return year 1, not including tax incentives. 

If theres interest or if you have a connection for me, feel free to send me a message. 

Thanks y'all! 

Quote from @Chris Seveney:

@Garrett Finnell

Send me details and I can tell you what those loans are worth on the secondary market as that is our gig

I can also share some people with who may consider buying them

 @Chris Seveney I messaged you.

We're looking for a buyer for all or a section of a discounted BTR community in Oklahoma City. 

A lot of the institutions we've sold to in the past are on pause with these interest rates. 
Does anyone know groups that are still buying?

I don't know if this is the right place to post this, but I figure it can't hurt anything.
I've got a large size deal for the right investment group.

We can sell the whole thing together or in small bites depending on need.

Here are the high points.

Contiguous Build-to-rent Deal 70+ Units (70 Avail by YE)

-Should Pencil north of a 6 CAP

-Built 2023

-4 bed/3 bath and 3 bed/2 bath

-1591 average square feet

-Mustang schools (established desirable school district)

-Est Rent/SF average is $1.10

-Energy Efficiency & Smart Home features throughout

Message me or comment below for the NDA link and data-tape.