Multi-Family and Apartment Investing

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150
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Chris Blackburn
  • Developer
  • Salem, OR
87
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150
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112 Unit New construction in Keizer Oregon. Just Started!

Chris Blackburn
  • Developer
  • Salem, OR
Posted Sep 4 2022, 11:34

We just started! (OK, started over a year ago and have been working on entitlements, clean up, demo, engineering, plans, financing, syndication and 20 other things. However, we have yellow iron on the ground. We love the site and really like working with Keizer. (Keizer is adjacent to Salem (Oregon's second largest metro area 500K people). We had plans of going from construction finance, to HUD permanent. We have had some interest in a sale upon stabilization, however, holding long term has typically worked out really well for most. We have several hundred more doors planed over the next 3-4 years and excited that we can still make the numbers pencil! This was our first syndication. Fully funded by qualified friends and family and several of our major contractors. We are hoping to have occupancy in 10 months for the first units. Excited to get our other projects to this point.

Salem, Oregon

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Dan Z.
  • Rental Property Investor
  • Hillsboro, OR
1
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15
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Dan Z.
  • Rental Property Investor
  • Hillsboro, OR
Replied Sep 5 2022, 19:14

Keep up the good work Chris!

User Stats

150
Posts
87
Votes
Chris Blackburn
  • Developer
  • Salem, OR
87
Votes |
150
Posts
Chris Blackburn
  • Developer
  • Salem, OR
Replied Sep 5 2022, 23:06

Thank you Dan!

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