JV Equity Deal: Chicago Fix-and-Flip - $1.8 million ARV, $895k Purchase

[Cam Schwartz]

Investors,

My group is lending on the following fix-and-flip deal in Chicago and my client is looking for an equity JV partner to fund the down payment and carrying costs. Please see below summary and reach out to me directly if interested:

- Asset: Combined 4-unit Condo on Lake Michigan in one of Chicago’s most desirable neighborhoods (Gold Coast)

- Purchase Price: $895k (under contract)

- Rehab: $300k

- ARV Estimate: $1.8 million (will list at $2.0+ million)

- Contract Close Date: July 31, 2024

- Estimated Project Duration: 6 Months

- JV Equity Partner Estimated Economics:

• Total Investment: ~$225k
• Total Profit: ~$190k
• ROI: ~83%