Creative financing options for EP buy-in position
This adaptive re-use has been vetted through the city and set to create 13 one bedroom and 16 studio apartments in a 17,726sq ft. The GP is a 20yr veteran offering me an opportunity to invest and learn about commercial apartment building. Max time is 18-24months for $750k to cover soft costs and reserves. Construction ready to begin and schedule recently compressed to 8 months. 21% annual return is conservative based on 4.8M ARV - allinCost - 30% carrying and soft costs. Please respond if interested or can help locate financing