Large multi-family (5+ units) commercial investment investment in Phoenix.
Purchase price: $6,900,000
Cash invested: $3,700,000
-76 Unit Apartment Building In Phoenix, Arizona
-Acquired in August 2019
-$6,900,000 Purchase Price
-$3,700,000 of Equity Raised – Down payment and Renovation Costs
-Syndication Structure 506(B)
-60 – 1BR/1BA, 8 – 2BR/1BA, & 8 – 2BR/2BA
-Value-Add and Sell Strategy. High-Velocity Deal
-10-Year Fixed Interest Rate, Non-Recourse Freddie Mac Loan
-Projected to sell in 2021
-89%+ Overall projected Return (1.89X Equity Multiple)
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