Deal that Cash flows, need PML

Deal that Cash flows, need PML

Amir WynnPro Member
Savannah GA · Member since 2024 · 16 posts · 6 votes

Good evening BP community. I am an investor who traditionally rented out single family homes. I am looking to move onto the next phase (Details below). 

16 unit town house, Currently 100% occupied, $300 below market rent, average occupancy over 3 years is 95%, growing market, large manufacturing plant coming, and residential occupancy is exploding. Built 2022 (this would not be a value add as far as upgrades go inside the units). 

When doing the numbers it will cashflow through market interest rates, but not as comfortably as I would like. 

The opportunity I face is not having enough to put down, so I am looking for either a partner who will bring the money and we can negotiate the split, or some guidance on raising capital (905k estimated- I would be putting 200k down on my end), or a lender to take a second position on and loan me the DP. 

I did not want to overload with details and/or give away this deal (sorry). 

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  • Lender · Lake Havasu City, AZ · Member since 2024 · 700 posts · 285 votes
    2y

    Raising capital is a skill that can take a lot of time to acquire,

    Raising capital typically comes down to just having the right connections and getting in the circles who use money to make money. (Lots of it) 

  • Township Of Washington, NJ · Member since 2015 · 4 posts · 0 votes
    2y

    I would love to help and see how we can work! I sent you a direct message

  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Amir Wynn:

    Good evening BP community. I am an investor who traditionally rented out single family homes. I am looking to move onto the next phase (Details below). 

    16 unit town house, Currently 100% occupied, $300 below market rent, average occupancy over 3 years is 95%, growing market, large manufacturing plant coming, and residential occupancy is exploding. Built 2022 (this would not be a value add as far as upgrades go inside the units). 

    When doing the numbers it will cashflow through market interest rates, but not as comfortably as I would like. 

    The opportunity I face is not having enough to put down, so I am looking for either a partner who will bring the money and we can negotiate the split, or some guidance on raising capital (905k estimated- I would be putting 200k down on my end), or a lender to take a second position on and loan me the DP. 

    I did not want to overload with details and/or give away this deal (sorry). 


     so you are looking for $900k and will put in $200k - as a lender/investor I would want 90% of the upside on the deal along with first in line, meaning my equity gets paid before you would take any of your equity. 

    That is probably what you will be looking at, there is not a lender that would go in 2nd position on this type of deal - as noted they would want the majority or go in as a mezz lender where they take over if you do not hit your targets and your $200k would get wiped out.

    7e investments53 Reviews
  • Member since 2016 · 13 posts · 2 votes
    2y

    If you have under contract I maybe able to help contact me Scott 9167087918

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