Capital Partners in PHX?

[Caleb Augustyn]

Hi all,

Any advice for finding a capital partner for single family flips in Phoenix, AZ? My ideal capital stack: 80% LTV hard money loan, 90% equity from a capital partner, and 10% equity personally funded. I'm well versed in the commercial real estate private equity space, but looking to do my own deals on the side. I've gotten to know some great contractors in the area and have a team lined up to start doing deals. Hoping to find someone to partner with long-term. Waterfall structure would consist of a ~1.15x EQM preferred return with a 50/50 split beyond. Projecting 1.3 - 1.6x project level EQM in 4-5 months per deal.

Greatly appreciate all feedback, and more than happy to sit down for coffee with anyone in the PHX area that's interested!