Seeking JV Equity Partner for 27-Unit Value-Add in Chicago

[Eduardo Cambil]

I am seeking an experienced Joint Venture equity partner for a strong value-add multifamily opportunity in Chicago's South Shore neighborhood. This is exactly the type of deal my company, C&T Global Solutions LLC, is focusing on: acquiring below-market, distressed multifamily properties (20-40 units), stabilizing them through renovation, and refinancing for long-term hold.

The Specific Opportunity: 27-Unit in Chicago

• Property: 7847–7853 S Essex Ave, Chicago, IL 60649
• Price: $489,999 ($18,148/unit)
• Condition: Fully vacant, allowing for a immediate and efficient full gut renovation.
• Zoning: B3-2 (Mixed-Use)
• Key Advantage: Located within a designated Opportunity Zone.

The Business Plan & Numbers:

1. Acquisition & Rehab: Secure a bridge loan and execute a full gut renovation to bring the property to a stabilized, cash-flowing state.
2. Refinance & Hold: Refinance into a long-term DSCR loan within 12-24 months after stabilization, pulling out the initial capital.
3. Initial Projections:
   • Targeted Post-Renovation NOI: ~$185K–$210K/yr
   • Projected Refinance Cap Rate: ~8.5%–9.5%
   • Projected Cash-on-Cash Return: 20%+

The JV Partnership Proposal:

I am looking for a partner to provide the equity for the down payment, which is 10-20% of the project's capital needs (covering the bridge loan down payment and closing costs).

My Role (What I Bring):

• Sourcing and securing the property under contract.
• Full financial underwriting and deal analysis.
• Securing the bridge loan financing.
• Overseeing the entire renovation and stabilization process.
• Managing the final refinance into a long-term loan.

What I'm Looking For in a Partner:

• A capital partner to fund the required equity.
• An investor who understands value-add multifamily and is aligned with a 12-24 month business plan.

The equity split is open for discussion and will be based on the capital contribution and overall responsibilities. The clear exit via refinance provides a path to return initial capital and realize profits.

If you are an accredited investor with the capital and are interested in partnering on this and future similar deals, please send me a private message. I am ready to share the full Offering Memorandum and detailed underwriting to serious parties.

Let's connect and see if we can build a successful partnership.

Eduardo Cambil
C&T Global Solutions LLC

[Tracy Scott]

Quote from @Eduardo Cambil:

I am seeking an experienced Joint Venture equity partner for a strong value-add multifamily opportunity in Chicago's South Shore neighborhood. This is exactly the type of deal my company, C&T Global Solutions LLC, is focusing on: acquiring below-market, distressed multifamily properties (20-40 units), stabilizing them through renovation, and refinancing for long-term hold.

The Specific Opportunity: 27-Unit in Chicago

• Property: 7847–7853 S Essex Ave, Chicago, IL 60649
• Price: $489,999 ($18,148/unit)
• Condition: Fully vacant, allowing for a immediate and efficient full gut renovation.
• Zoning: B3-2 (Mixed-Use)
• Key Advantage: Located within a designated Opportunity Zone.

The Business Plan & Numbers:

1. Acquisition & Rehab: Secure a bridge loan and execute a full gut renovation to bring the property to a stabilized, cash-flowing state.
2. Refinance & Hold: Refinance into a long-term DSCR loan within 12-24 months after stabilization, pulling out the initial capital.
3. Initial Projections:
   • Targeted Post-Renovation NOI: ~$185K–$210K/yr
   • Projected Refinance Cap Rate: ~8.5%–9.5%
   • Projected Cash-on-Cash Return: 20%+

The JV Partnership Proposal:

I am looking for a partner to provide the equity for the down payment, which is 10-20% of the project's capital needs (covering the bridge loan down payment and closing costs).

My Role (What I Bring):

• Sourcing and securing the property under contract.
• Full financial underwriting and deal analysis.
• Securing the bridge loan financing.
• Overseeing the entire renovation and stabilization process.
• Managing the final refinance into a long-term loan.

What I'm Looking For in a Partner:

• A capital partner to fund the required equity.
• An investor who understands value-add multifamily and is aligned with a 12-24 month business plan.

The equity split is open for discussion and will be based on the capital contribution and overall responsibilities. The clear exit via refinance provides a path to return initial capital and realize profits.

If you are an accredited investor with the capital and are interested in partnering on this and future similar deals, please send me a private message. I am ready to share the full Offering Memorandum and detailed underwriting to serious parties.

Let's connect and see if we can build a successful partnership.

Eduardo Cambil
C&T Global Solutions LLC

Hi Eduardo,

This sounds like a strong value-add opportunity. For investors looking for multifamily deals in Chicago, it might be worth connecting directly with you to discuss the specifics and see if there’s a fit.

Looking forward to seeing how this opportunity develops!