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Updated over 5 years ago on . Most recent reply

Jon Allen's profile image
Jon Allen's profile image
Jon Allen
  • Investor
  • from Charlotte, NC
  • Member since Apr 18, 2018
Connect

User Stats

14
Posts
4
Votes
Jon Allen's profile image
Jon Allen's profile image
Jon Allen
  • Investor
  • from Charlotte, NC
  • Member since Apr 18, 2018
Connect
Jon Allen
  • Investor
  • Charlotte, NC
4
Votes |
14
Posts
Real Estate Deal Analysis & Advice

Multifamily note investment

Jon Allen
  • Investor
  • Charlotte, NC
Posted

Investment Info:

Large multi-family (5+ units) note investment investment in Charlotte.

Purchase price: $3,250,000
Cash invested: $50,000

Note secured by 150+ unit MF property, purchased at a discount.

What made you interested in investing in this type of deal?

The note will be refinanced as part of a redevelopment project, and the developer's construction loan will take out our loan at the full principal balance, providing a capital gain in addition to the monthly cash flow from P&I payments.

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