Multi family condo conversion

[George G.]

Hello everyone,

I own a multi unit 20 plus units and I want to convert to condos. This is not my area as I’m mostly a rental investor. I have a couple questions if someone has insight would greatly be appreciated.

My goal is to get a financial backer or get it funded. With that said I know deal structuring is all over the place and can be as creative as possible, but if I meet with potential investors or funding capital.

1. Where do I start with what I can present to them. And what should I present ?

2. Is there a “typical” or normal terms in partnerships?

3. Is there funding guidelines?

4. What are typical structures for condo conversions.

5. Does anyone have a sample proposal this would help develop a presentation or proposal.

6. Also, I’m in the Chicago market (in the city) anyone have experience doing this?

Any info would be great !! Also feel free to DM me!

Thanks