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Updated about 1 year ago on .

User Stats

5
Posts
3
Votes
Vince Mosca
  • Investor
3
Votes |
5
Posts

Private money loan

Vince Mosca
  • Investor
Posted

Investment Info:

Large multi-family (5+ units) private money loan investment.

Purchase price: $1,435,000
Cash invested: $3,010,600
Sale price: $8,400,000

We identified multiple lots around the light rail system in WA, where we felt that properties are going to
increase in value significantly, these lots were re-zoned from SFH to multi-family (MUR35
mostly), we have developed, permitted and starting to build:

8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes

23007 55th Ave W, Mountlake Terrace – 7 townhouses in a walking distance from the
light rail station, in planning stages with the city of Mountlake Terrace, WA