$3M Equity Leverage
If you have $3 million in equity on two properties and your trying to acquire another property, how do you best position yourself?
Our funds are tied up and will be available for full purchase in about a year and half. They are primarily in CD's and stocks that are pledged to the loan.
The properties are hospitality properties but we are trying to diversify to either apartments or self-storage.
The bank appraised aggregate value is $9 million less $6 million in debt.
Any help is appreciated. Also, where can I start looking for good acquisitions for the apartment or self storage opportunities. I know about hospitality but not too much about those.
Yuhanna
Garrison Capital Group
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