56-Units with 79% Seller-Carry @ 7.0% Fixed (Locked)

[Patrick Lismon]

Hi everyone,

I am currently finalizing the acquisition of a 56-unit multifamily community in Macon, GA. We are in the final stages of the PSA (targeting execution this Monday) and are looking for a Joint Venture (JV) partner to join us on the equity side.

The "Locked" Financing (The Edge):

• Debt: $2,050,000 Seller-Financing (Already Negotiated).
• Rate: 7.0% Fixed / Interest-Only.
• Runway: 2-year initial term + two (2) 1-year extensions (4 years total).

In a market where bank debt is hovering in the 8-9% range, this pre-negotiated 7% seller-carry provides exceptional day-one cash-on-cash potential and removes the financing hurdle entirely.

Investor Returns: We are structuring this as a classic GP/LP split to provide transparency and downside protection:

• 8.0% Preferred Return: The JV partner receives the first 8% of all cash flow.
• 70/30 Split: After the 8% Pref, remaining profits/upside are split 70% to the Partner and 30% to the Sponsor.

We have already completed the bulk of the diligence and are looking for an equity partner (~$700k) to help close this out and execute the value-add program.

If you have an interest in a high-leverage Georgia play, please Direct Message (DM) me today. I have a 1-page summary and a full diligence folder ready for review over the weekend.

[Jaycee Greene]

Quote from @Patrick Lismon:

Hi everyone,

I am currently finalizing the acquisition of a 56-unit multifamily community in Macon, GA. We are in the final stages of the PSA (targeting execution this Monday) and are looking for a Joint Venture (JV) partner to join us on the equity side.

The "Locked" Financing (The Edge):

• Debt: $2,050,000 Seller-Financing (Already Negotiated).
• Rate: 7.0% Fixed / Interest-Only.
• Runway: 2-year initial term + two (2) 1-year extensions (4 years total).

In a market where bank debt is hovering in the 8-9% range, this pre-negotiated 7% seller-carry provides exceptional day-one cash-on-cash potential and removes the financing hurdle entirely.

Investor Returns: We are structuring this as a classic GP/LP split to provide transparency and downside protection:

• 8.0% Preferred Return: The JV partner receives the first 8% of all cash flow.
• 70/30 Split: After the 8% Pref, remaining profits/upside are split 70% to the Partner and 30% to the Sponsor.

We have already completed the bulk of the diligence and are looking for an equity partner (~$700k) to help close this out and execute the value-add program.

If you have an interest in a high-leverage Georgia play, please Direct Message (DM) me today. I have a 1-page summary and a full diligence folder ready for review over the weekend.

 @Patrick Lismon What banks are quoting you 8-9%? The market for this size of deal is probably in the mid 6% range IMO.