Looking for private money or HML

[Joel Owens]

Have a deal I am looking at right now.It's a 60 unit apartment building.

Full stabilized will generate an NOI of 155,000 a year.Currently right now at 45% occupancy at NOI of 79,000 a year.

Purchase price would be around 450k to 500k.Buying on the low basis I would reduce rents from 460 a month to 400 to increase occupancy.

Resale at a 10 CAP will have a value at 1.5 million.Let me know if anyone can partner with me with cash or can do a loan.

Anymore info just ask.