All Forum Posts by: Charlie Claxton

Hi Charles , congrats on moving toward your path of passive income investment. I would think you should explore joint venturing with other investors on larger projects, our family has done this successfully for years! this would substantially leverage your reach. Check out larger multi family , corporate housing and/or senior care..just my opinion! Ha happy investing!!

I'd pass on this one. The numbers don't feel right. There are tons of deals all over the place that you can provide capital to in order to learn more about flipping and/or the real estate business in general.

Well performing Atlanta based corporate housing company (specializing in entertainment industry housing), currently raising its next pool of expansion capital to add an additional 18 corporate housing units to its midtown and Buckhead neighborhood offerings.

Pool will offer 10%-12% return to its preferred equity holders.

To receive more information and to discuss the opportunity in greater detail, please private message me to arrange a conference call.

great!! Thanks for the advice!

Morning! I'd advise that if your existing debt is cheap enough to go ahead and leverage your cash into another cash flow asset or two or make an investment with a partner to increase your cash flow even more by pooling. Have a great day!

Seeking non-cash Joint Venture Partner(s) for 68 bed skilled care nursing home (phase 2: 46 bed assisted living facility) in South Georgia. We are not in need of additional capital investment, but are searching for strategic partners to assist us with posting a conditional short-term (18 months) credit guarantee for the revenue bonds that are being issued to finance the project.

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Total Project Cost: $12.6 mil

Financing Source: Municipal Revenue Bond sale.

Project Type: Skilled Care Nursing / Assisted Living Component

Total Project Construction & Lease up period : 18 months

Desired Partnership structure: Limited Partnership, guaranteeing partner shall not be required to invest capital into the project over and above the short-term construction guarantee. Negotiable.

Profit & Loss, Business Plans, Studies, Offering documents, other pertinent information: available upon rest.

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Guarantee Terms:

18 months

Limited call, behind capital reserves (approximately 2 years worth)  and other partners

Non-liable for construction overruns, as project is fully bonded by national construction firm.

Non-extendable

Guaranteeing partner shall receive 20% of net operating proceeds, and 20% of sale proceeds when facility is sale/lease backed in 3-5 years.

Negotiable.

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Risk Remediation:

The risk to all partners credit guarantees is lessened by the fact that the guarantee being offered to the bond holders is limited to 18 months, and is further lessened by the fact that construction is 100% bonded to protect ownership from construction issues. And the project will open with A two year capital reserve which will protect the firm from capital calls before the guarantees can expire at 18 months.

Brokers are welcome, cash or equity depending on source secured. 

Please feel free to reach out for more information.

Another name that it goes by is 'green' housing.  Basically tiny private room/bath (8-12 of them in a pod) centered around common living and dining space.  Each pod controls their menus etc.  basically leaves some choices in patients lives and preserves dignity. Which personally i find important for residents to keep their self respect and power to live. ....which if translating purely into operator speak, translates to increased cash flow stability and customer scarification.  

This is a great thread! It's nice to find other BP users that are interested in assisted living & skilled care facilities. We are currently developing our next project - 68 bed skilled care facility with a 48 bed assisted living phase 2. We are extremely excited to be part of a new generation of operators that will deliver a new quality of care (and quality of life for our residents )...we are building both phases on the Eden Alternative format. Which is very patient /small group centered styles of living that keeps our patients still in charge of their lives. Has anyone else read into this style of care?

To get anywhere near a good return, you usually have to buy revenue bonds as opposed to GO bonds (general obligation). But the rev bonds have higher Risks of default.

Hey BP Does anyone know what the best online platform to sell Residential & commercial paper is? Seasoned and unseasoned.