I close a brrr cash out next week at 7.1% and it cashflows but its a D class property.

Purchase price: $34,700,000 Cash invested: $7,500,000 192-unit institutional class B+ property located in between the Research Triangle Park area and Greensboro, NC.

We found it is helpful to one of the our target groups of residents, first-time, working-class tenants.

I find this to be a relevant income level for most of our tenant pool, unless you’re focusing on our A class areas of course….

Big change would be 17th street, west of that is class A, east of that is where it starts being downtown Allentown. 

If your your tenants are like you stated at first then maybe  your asset class needs to be improved. so you get better tenants..

don't want to post any of those details from their Webinar until the deal is closed, wouldn't wish to scuttle/affect their deal other than they are assuming agency fixed debt at a good rate.but they don't mention what percentage of tenants are section 8, but do say that Sponsor has specific experience in this class of MF, don't mention if they are putting any capital into the deal nor capital call provisions, they most likely specify all that in their Offering Memorandum, which i have not requested, as I didn't think the returns quite merited the risk right now.

I specialize in single family homes in middle class neighborhoods , working people providing a high quality product for tenants that stay for avg. 5-10 years.   

Oh wait, I think the class action participants might get $50 each.

Is anyone interested in a class action against this company?