Bullseye Capital Real Property Opportunity Fund - Send Us Your Deals!

[Bryan Hancock]

We are currently seeking deals that fit the criteria described below. Please contact me if you have a deal that fits. Hopefully the formatting will cooperate below.

BUYING CRITERIA
Considered
• Value-added real estate
• Turnaround or opportunistic properties
o Owner distressed
-Stabilized
-Stabilized cash flow at time of acquisition
-Opportunity for added value
o Property distressed
-Non-stabilized
-Rehab projects
-Management issues
• Property Types
o Multi-family
-20 units plus
o Retail
-Strip malls
-Community centers
-Power centers anchored by national credit tenant
-Opportunity for population growth to support retail
o Office
-Single or multi-tenant
-Medical office
-Office/business parks
o Single-Family Residential
-Pre-Foreclosure, Auction Properties, or Bank-
owned (REO)
-Purchased for substantially discounted prices (60-
70% or less of true market value using all-cash, no
financing contingency)
-Properties needing minimal updating or renovation
o Other real estate projects on a case-by-case basis

Not considered
• Buy and long-term hold
• Property or project types
o Operating businesses (e.g. car washes, liquor
stores, etc.)
o Self-storage
o Development projects
o Mobile homes

LOCATION
• Within 3-hour driving distance of either the principal’s
address or the center of the city for each of the
following locations:
o Austin, TX
o Dallas, TX
o Seattle, WA
o Miami, FL
o Chicago, IL
o Los Angeles, CA
o Omaha, NE
• Other locations at the discretion of the fund’s
managers

AGE
• All ages considered

TRANSACTION STRUCTURE
• All cash structures with no loan contingencies
• Seller financing
o Wraparound mortgages or subject-to purchases
o Loan assumptions
• Acquisitions subject to new financing timelines
• Equity based financing not requiring personal
guarantees

HOLD PERIOD
• Holding periods will vary according to project and time
required to achieve project objective
• Prefer short-term projects that can be turned in under a
year
• Holding period can be as short as six months and as
long as three years

VALUATION
• All assets valued on current cash flow verified by
current rent roll and operating expenses and data
• Cap rates several points above market present good
opportunities for the fund

TRANSACTION SIZE
• Up to 20% of fund’s equity at maximum fund capacity

STRENGTHS
• Quick decision making by fund directors
• Experienced professionals able to manage complex
issues
• Capital available and ready to deploy for projects

BROKERS
• Will be protected in the event a property is not
exclusively listed

SUBMISSION REQUIREMENTS
• Current rent roll (last 3 months)
• Last 12 months operating history
• Latest real estate tax bill
• Pictures/aerials (if available)
• Map of property
• Financing terms sheet (if assumption or loan to be paid
off)
• Property description
• Schedule of recent capital improvements (last 3 years)
• Detailed market data (rental and sale comps)