Updated about 4 years ago on . Most recent reply
Commercial Property Investment
Investment Info:
Other commercial investment investment in Wichita Falls.
Purchase price: $6,500,000
Cash invested: $3,000,000
Senior Apartments
What made you interested in investing in this type of deal?
Upside as a distressed asset with great potential after renovations
How did you find this deal and how did you negotiate it?
Referral
How did you finance this deal?
Seller Financing plus private party loan
How did you add value to the deal?
Change of use and renovations
What was the outcome?
Appraised Value increase by $3,000,000
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes, with real estate brokers/agents, attorneys & sub-contractors