All Forum Posts by: Joseph Pytcher

I am building 4 units of town homes in East Dallas. Each unit will be sold between $450-475k and will consist of a 1800-1900 sq ft town home with 2 beds and 2.5 baths, a two car garage and a roof top access for each unit.

We are needing $500k in equity and we will provide the $900k funding for construction. The equity partners will receive one third of the profit of $115k which is about a 23-25% return annualized. This project will take between 12-14 months to construct and sell all four units. The area is highly desirable and most units sell before construction is complete.

The investment will be secured by a partnership agreement which includes a profit share agreement. There will be two general partners which will receive two thirds of the profit for providing the $900k construction funding, putting together the project, planning and construction and selling all units.
 

We already have the property under contract and are asking for a limited number of equity partners. Closing is September 11th. 

Please contact me for more information. 

Joseph 

We are experienced developers in Dallas and will be building a four unit townhome development and will be needing $500k (can be from multiple investors) from equity partners. Cost of the land is $400k and total cost to construct is $900k. We will be providing the funding for the construction and holding costs and will require the equity for the lot acquisition and up front construction fees. 

We are paying a 9% preferred return annualized with 15% of the profit split allowing for no less than a 20% total return annualized. The project should take no longer than 12-18 months to construct and sell all four units. 

Please contact me with any questions. 

Joseph

Are you doing 75% LTV, 100% LTC on refi's after 30 day seasoning?

Thank you @Daniel Y.

@Dominique Taylor Please let me know how I can help! I have many years in real estate and have a lot of experience in multi-family financial analysis. 

Lance, what's the address? 

PM sent.

I'm looking for a new lender that provides lending on a new construction commercial project I'm working on in Dallas for 4-8 unit townhomes.  

Thanks!

Joseph Pytcher

This property is not my listing. I would represent you as the buyer. Property needs about $400k in work. 13 out out 24 units are occupied so this is a big value add opportunity as work is needed and management has been poor. We can help you purchase and manage this property. Please message me if you're interested. Need to be able to close pretty quickly.

Joseph

This one is under contract.

@Marvin S.

Give me your e-mail. This property isn't going to be listed any time soon and it isn't on loopnet. I'll send the information I have on it without the address and you can tell me if it's worth your time.