All Forum Posts by: Thomas Rogge

Investment Info:

Other other investment in Beacon.

Purchase price: $122,300,000

Contributors:
Vincent Ribes

River Creek is a mixed use real estate development project in Beacon, a city located in Dutchess County, New York, United States. The development encompasses residential, commercial, and hospitality components and consists of two parts: Phase 1 comprises 3 buildings and Phase 2 comprises 8 buildings. The development will provide in total 248 residential units, approximately 75,864 sqft (7,048 sqm) of commercial with a boutique 112 key hotel, totalling 548,787 sqft (50,984 sqm) of built-up area.

-Investment Terms-

Type: Secured loan and preferred equity in the general partnership (GP)
Currency: USD
Size: $10,000,000
Interest: 8% p.a. Accrued
Profit Split: 25% of GP net profits after return of capital and interest.
Forecasted IRR : 32.5% annualized.
Forecasted equity multiple: 2.77x
Exit: Q4 2026
Collateral: 1st mortgage*
Use of funds: acquisition of land and certain pre-development expenses.

*First rank mortgage over the underlying project until such time as project finance is secured, at which point the mortgage will be released.

Investment Info:

Large multi-family (5+ units) fix & flip investment.

Purchase price: $280,000
Cash invested: $320,000
Sale price: $450,000

Contributors:
Vincent Ribes

Purchase Price: $280,000
Rehab: $40,000
Conservative Exit: $450,000
Term: 6 months

We will not be using financing for this operation. The tenants will be placed sequentially as each units is made up to code, to welcome new tenants.

After all 7 units are leased out and rented out for 3 months the short term play is to resell the yield to a fixed income fund at 15% gross yield. Exit at that price would be around $500,000.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000
Cash invested: $135,000

Contributors:
Vincent Ribes

Great Flip opportunity in a desired Bagley neighborhood. With comps from 160k to 250k, this should be a great short term investment , planning to get on market in January to get early year buyers attracted.

Purchase Price: $70,000
Rehab: $65,000
Expected Resale Value: $199,900
% Return: 48.07%
Term: 4 months

Club Invest Opportunity - 50-50 on the profits - Our team of professional handle it from A to Z.

Hi @Drew Sygit, 
This is the next one, let me know if you want to seize this opportunity 😉, 50-50 on the profits. 
Cheers

 Hi Nate, 

Sure, we have an investment vehicle named Club Invest where we split the profit 50-50 with the investor. We handle everything from A to Z. 

Feel free to reach out to me to know more 😎

Hey Drew, 

We have several investments in progress at the moment.
The current project we have that I find most exciting is a construction project in New York State, a mixed-use building construction in 2 phases, for a total amount of 122M.
By the way, only $5M of equity is still available, so it's now or never.
Otherwise we continue to have fix and flip operations in Detroit on which we are deploying in budgets between $100k and $650k.

Feel free to reach out to me to know more 😉
Thomas

Investment Info:

Other other investment.

Purchase price: $122,300,000

Contributors:
Vincent Ribes

Mixed use real estate development in Beacon, NY.

Phase 1: 3 buildings
Phase 2: 8 buildings

-Investment Terms-
Type: Secured loan and preferred equity in the GP
Size: $10,000,000
Interest: 8% p.a. Accrued
Profit Split: 25% of GP net profits after return of capital and interest.
Forecasted IRR : 32.5% annualized.
Forecasted equity multiple: 2.77x
Exit: Q4 2026
Collateral: 1st mortgage*
Use of funds: acquisition of land and certain pre-development expenses.

Investment Info:

Other other investment.

Purchase price: $122,300,000

Contributors:
Vincent Ribes

River Creek is a mixed use real estate development project in Beacon, a city located in Dutchess County, New York, United States. The development encompasses residential, commercial, and hospitality components and consists of two parts: Phase 1 comprises 3 buildings located at 248 Tioranda Avenue and Phase 2 comprises 8 buildings located at 555 South Avenue. The development will provide in total 248 residential units, approximately 75,864 sqft (7,048 sqm) of commercial with a boutique 112 key hotel, totalling 548,787 sqft (50,984 sqm) of built-up area.

-Investment Terms-

Type: Secured loan and preferred equity in the general partnership (GP)
Currency: USD
Size: $10,000,000
Interest: 8% p.a. Accrued
Profit Split: 25% of GP net profits after return of capital and interest.
Forecasted IRR : 32.5% annualized.
Forecasted equity multiple: 2.77x
Exit: Q4 2026
Collateral: 1st mortgage*
Use of funds: acquisition of land and certain pre-development expenses.

*First rank mortgage over the underlying project until such time as project finance is secured, at which point the mortgage will be released.

Investment Info:

Single-family residence fix & flip investment in Detroit, MI.

Purchase price: $15,000
Cash invested: $53,397
Sale price: $117,500

Contributors:
Vincent Ribes

Beautiful brick colonial for sale in Grandmont Rosedale neighborhood of Detroit.

Purchase Price : $15,000
Acquisition Fees (Closing Cost): $5,897.60
Renovation : $32,500
Total Amount of Investment : $53,397.60

Price Sold: $117,500
Closing Cost: $12,054.18
Net Profit: $52,048.22
Net Profitability: 97.47%

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

We know the market and we knew the opportunity.

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

A distressed deal from our network.

How did you finance this deal?

Cash

How did you add value to the deal?

$30k+ rehab.

Investment Info:

Single-family residence fix & flip investment in Detroit, MI.

Purchase price: $15,000
Cash invested: $53,397
Sale price: $117,500

Contributors:
Vincent Ribes

Beautiful brick colonial for sale in Grandmont Rosedale neighborhood of Detroit. New windows and new countertops. Hardwood floors throughout the living room and all three bedrooms brought back to their splendidness. New and updated half bath on the main floor and full bath on the second floor. Two-car detached garage and a full-size basement for extra storage.

Purchase Price : $15,000
Acquisition Fees (Closing Cost): $5,897.60
Renovation : $32,500
Total Amount of Investment : $53,397.60

Price Sold: $117,500
Closing Cost: $12,054.18
Net Profit: $52,048.22
Net Profitability: 97.47%

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

We know the market and we knew the opportunity.

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

A distressed deal from our network.

How did you finance this deal?

Cash

How did you add value to the deal?

$30k+ rehab.