My partner and I are acquiring value-add properties in Philly (BRRRR model).
We have 10 fully cash flowing rGreat post, Ray — solid track record and clear criteria. Wishing you success scaling in Philly.entals and 30-+ projects completed.
Looking for a long-term equity partner behind senior debt to scale 3–5 deals at a time.
Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
7mo
Ray — congrats on building to 10 doors and 30+ completed projects. That kind of track record matters.
Quick question so the right capital actually engages:
• What’s your typical purchase + rehab range per deal? • Target ARV + exit timeline? • Are you structuring true equity (profit split) or pref + equity kicker behind senior? • What leverage are you running at the senior level (70% LTC? 75%?)
I work with capital partners that will sit behind senior debt when the operator is tight on numbers and disciplined on leverage. If the basis and velocity make sense, there are ways to scale 3–5 at a time without choking cash flow.
Shoot me a DM with one sample deal breakdown and I’ll tell you quickly if it fits one of my capital relationships. BTW I used to live in Camden NJ, and lots of relatives in Philly.
Ray — congrats on building to 10 doors and 30+ completed projects. That kind of track record matters.
Quick question so the right capital actually engages:
• What’s your typical purchase + rehab range per deal? • Target ARV + exit timeline? • Are you structuring true equity (profit split) or pref + equity kicker behind senior? • What leverage are you running at the senior level (70% LTC? 75%?)
I work with capital partners that will sit behind senior debt when the operator is tight on numbers and disciplined on leverage. If the basis and velocity make sense, there are ways to scale 3–5 at a time without choking cash flow.
Shoot me a DM with one sample deal breakdown and I’ll tell you quickly if it fits one of my capital relationships. BTW I used to live in Camden NJ, and lots of relatives in Philly.
— Reggie
Mr. Truss- nice to meet you, just wanted to say----
HEYYYYYYY im from Audobon, Camden county guys. LOVE THAT.