Updated over 5 years ago on . Most recent reply
67 Unit Multifamily - Dallas, Tx
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $4,800,000
Cash invested: $1,200,000
Qualified Opportunity Zone Fund
Hold Period: 7-10 years
Return of Capital: 100% return of capital by year 3 via cashout refinance
Target IRR: 18.43%
Day 1 Cash Return: 12%+
Valued at $5,350,000 in 2017, this is a great opportunity to acquire a stabilized asset below replacement cost and below market value (under contract at $4.8mm) with day one cash returns over 12%.
What made you interested in investing in this type of deal?
High in-place yield
How did you find this deal and how did you negotiate it?
Off-market through industry contacts.
How did you finance this deal?
Freddie Mac SBL
