All Forum Posts by: Kris Kaufman
Kris Kaufman has started 14 posts and replied 38 times.
Post: Ormond Beach Florida - Commercial Lender
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Quote from @Kris Kaufman:
Quote from @Scott Wolf:
@Kris Kaufman, specifics would be helpful. Purchase price, asset type, deal profile (value-add, NNN, stabilized buy and hold).
Hey Scott,
Strong sponsors who buy nationally based near Philadelphia. $2.1mil 1st story 20 unit motel purchase, 12 have kitchens. We will be installing kitchens in the remaining units and converting to longer term multifamily. 10 CAP after conversion. Only looking for acquisition financing 20-35% down.
5-year balloon, 20-25 year amortization
Post: Ormond Beach Florida - Commercial Lender
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Quote from @Scott Wolf:
@Kris Kaufman, specifics would be helpful. Purchase price, asset type, deal profile (value-add, NNN, stabilized buy and hold).
Hey Scott,
Strong sponsors who buy nationally based near Philadelphia. $2.1mil 1st story 20 unit motel purchase, 12 have kitchens. We will be installing kitchens in the remaining units and converting to longer term multifamily. 10 CAP after conversion. Only looking for acquisition financing 20-35% down.
Post: Ormond Beach Florida - Commercial Lender
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Looking for a commercial lender near Ormond Beach, Florida. Any suggestions would be helpful.
Post: Jacksonville, Florida - Commercial lender recommendations?
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Quote from @Stephen Frick:
Daniel, I am a commercial lender in Jacksonville. Would be more than happy to answer some questions for you. I will send you a message with my contact info.
Do you lend in Ormond Beach?
Post: New investor with liquid cash.
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
@Austin Smucker I'm from Lancaster and I'de be glad to get a coffee sometime and discuss real estate! Let me know.
Post: Lancaster Township Investment Property
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Is this still available?
Post: 18 Unit Saint Petersburg, FL - Financing Options Available!!!!!
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Please PM on this, I have interest.
Post: 3bd/1.5ba in Schuylkill Haven, PA
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
3bd/1.5ba near Pottsville, PA. Would make a great rental at $800/m. ARV is 65k, needs 15-20k to flip.
Post: Help analyze a property.
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
Moshe,
Is this the property on S. 6th Street? Interested if you followed thru?
Post: 30 unit office building in Lancaster, PA - JV possibility
- Investor
- Lancaster, PA
- Posts 39
- Votes 10
We are looking for a strong co-sponsor on an office building in downtown Lancaster PA. Acquisition price of $2.3mil. We have the equity, but need a co-signer with strong cash flows. The building consists of 30 tenants (mostly lawyers) near the county court house. Half the rents are severely under market. Strategy would be to get in and out within 3-5 years once rents are raised. Market rents range from $14-16sqft. If rents were raised up to $10sqft (gross) and the building was sold at $3.2mil (7CAP), the co-sponsor would receive approximately $60k over a 5-year term per 5% stake in the LLC. These are estimates and not a guarantee of return. Let me know if you have interest and I can send you the current actuals.