All Forum Posts by: Austin Wood

There is around 500k equity in the property. 150k-200k would get the property fully rented at top dollar with desirable tenants. 100k would get it to where I can rent all the units back out at fair reasonable market rents. No free and clear assets. Maybe I could leverage my other business but I don’t know the requirements for that as we do have outstanding loans already 

Hey all!

I have a 16 unit apartment complex (12 residential apartments atop 4 commercial storefronts) in Morgantown, which I purchased 6-8 months ago.
I would like to do some type of loan or HELOC product to renovate the common areas and a few units. Anyone aware of any lenders in West Virginia who can help with this?

My company has secured approval to develop 24 contemporary townhomes in my home market—a project of this scale and style is a first for both us and the area. We’re operating in a smaller Ohio market, and while we've brought in the top real estate agent in our region to sell the first six units individually, I’m considering whether a different approach might be more advantageous.

Rather than selling unit by unit, I see potential in structuring an exit to an institutional investor or a well-capitalized buyer for the entire development. I’d love to hear from experienced developers and investors—how do you evaluate the feasibility of selling an entire project versus a traditional retail approach? Beyond listing on major platforms and emphasizing market fundamentals, what strategies have worked for you in positioning a development for an institutional sale?

Appreciate any insights from those who’ve navigated similar deals!

Well first off, congrats on the success you’ve had with your hospitality investments—an 11% cap rate on a boutique motel is no small feat! I’ve been in a similar position where I wanted to scale but equity was a limiting factor. What worked for me was focusing on building strategic relationships with top tier people (quality partners) who could complement what I brought to the table—sales, management, and execution.

When you are approaching sellers for creative financing, leading with a clear value proposition (and CONFIDENTLY) is key. Sellers are more likely to consider a carry arrangement if they see you as a solution, not just another buyer. You have to find their problem.

There are a lot of high-net-worth people looking for opportunities to enter the hospitality space but lack the operational know-how you’ve clearly demonstrated. Pitching them on your track record and offering them a passive role with attractive returns can be a solid way to bridge the funding gap.

Shoot me a message if you want to talk more, I’m always looking to align with people making bold moves in this space!