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Updated almost 3 years ago on . Most recent reply

User Stats

3
Posts
2
Votes
Michael Prop
  • New to Real Estate
  • Austin
2
Votes |
3
Posts

Successful raise for historic hotel in downtown Austin Tx

Michael Prop
  • New to Real Estate
  • Austin
Posted

Investment Info:

Retail commercial investment investment.

Cash invested: $100,000

Raised 100k from 10+ accredited investors in order to fill allotment of an investor who had to leave the deal.

How did you find this deal and how did you negotiate it?

It was listed on OwnProp.com

How did you finance this deal?

From accredited investors. Minimums started at just 1k

How did you add value to the deal?

We tokenized the offering so that the minimums were much lower than industry average

What was the outcome?

Successfully raised 100k

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