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Updated almost 4 years ago on . Most recent reply
Deploying $2M into commercial investment(s)
I'm working with a small team to invest approximately $2M cash into commercial property before this year's end. Here are a few highlights in terms of what we're looking for:
- Location: The northeast (NY, CT, NJ) and South Florida (Miami - Port St. Lucie)
- Goal: An “easy” acquisition (or a few) with the priority being stable long-term cash flow
- Target Cap Rate: 7% or higher
- Loans: Target LTV of ~65% (this is flexible)
This team is looking for stable, reliable investments where they can park their cash for 10+ years without worrying too much about managing or developing the property. The first thoughts that jumped into my head were STNL (or any long-term NNN leases, even if multi-tenant) and self-storage facilities. We are open (and planning) to get loans of up to 65% LTV on these investments to stretch the cash further.
I'm posting this for two (2) reasons:
- Advice: I'm looking for advice from any experts out there. What types of assets would you recommend I look into based on our goals?
- Networking: Are there any investors selling properties that might be a good fit or brokers interested in helping us find properties to invest in? Please feel free to reach out!
Thanks!
Most Popular Reply

Why does it have to be by the end of of the year? Will the money turn into a pumpkin at 12:01 New years Day?
You have between $4-5.75M of buying power depending on the leverage you want to take on.
Is this some sort of friends and family deal or is this a syndication where you have raised funds?
What are the return criteria you are looking for over 10 years? Cap Rate isn't a return metric btw, but a measure of risk so we can't go off that. It sounds like you want stable cashflows with not a lot of work so that rules out value add, at least to me, and limits the pool to NNN. Does your risk tolerance allow for non credit tenants?