71 Unit, New Construction Market Rate, Sheboygan Falls, WI

Lender · Milwauke, WI · Member since 2019 · 7 posts · 7 votes

Investment Info:

Large multi-family (5+ units) commercial investment investment in Sheboygan Falls.

Purchase price: $13,000,000
Cash invested: $2,600,000

71 Unit Market Rate apartments in Sheboygan Falls, WI.

How did you finance this deal?

This deal was financed with a local lender and Equity from investors. Additionally, we received TIF from the community to which we are building in.

How did you add value to the deal?

Value is created by building within budget and executing the rent proforma and lease up.

What was the outcome?

Completion is March, 2021.

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Brandon Salm
Sheboygan, WI · Member since 2019 · 20 posts · 7 votes
5y
@Scott Lurie
I work In Sheboygan falls and drive by this almost everyday. This is in a great location and the Sheboygan area is a great place to invest because of all the big companies close by. Good luck with this and I can’t wait to see how this turns out.
2 Reply
Todd Goedeke
Contractor · Sheboygan, WI · Member since 2016 · 917 posts · 266 votes
5y
@Scott Lurie, are the numbers you reported correct, 71 units for 13 million? That equals $183k per unit.
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