Large multi-family (5+ units) commercial investment investment in Washington.
Purchase price: $5,200,000
Cash invested: $1,200,000
Ground up 20 units in DC. 2 bed 2 bath. I GC all of my projects. The Violet is the name of the building
What made you interested in investing in this type of deal?
How did you find this deal and how did you negotiate it?
How did you finance this deal?
Way to go Frank. Do you plan to hold it. How long did the project take? Did you have to make any zoning changes?
Nice deal. Is your $5,200,000 valuation the final value of the completed and leased up building?
Congratulations! Looks great.
Did you do a syndication or JV for the $1.2M?
@Frank Chambers congrats this is so awesome to see. Is this your first project of this magnitude? Any big lessons learned?
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