Updated about 6 years ago on .
Investment in Amarillo Texas
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $10,300,000
Cash invested: $3,000,000
225 B- C+ Property
What made you interested in investing in this type of deal?
It was a great Value Add opportunity
How did you find this deal and how did you negotiate it?
One of my team members received it from a broker
How did you finance this deal?
A bridge lender
How did you add value to the deal?
We used our standard underwriting tools
What was the outcome?
We still have the property. We are following the plan to upgrade and improve it.
Lessons learned? Challenges?
Always go the extra mile on your due diligence. Every penny you spend on DD could save you real dollars in the end.
