All Forum Posts by: Paul Quinones
Paul Quinones has started 14 posts and replied 17 times.
Post: Chicago IL. In need of short term financing to repair porches.

- Posts 17
- Votes 0
One of my investors is in need of a short term loan. He has a property scheduled to close mid January. It's a 2.2 Million dollar deal.
The city has hit him with a porch violation. He needs 60-70K to repair the porches. It can be tied to the closing or whatever. Is this something that can be done.Let me know.
Thanks.

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Post: How to justify a change in cap rate?

- Posts 17
- Votes 0
The current property for sell is a Mixed Use property.
The cap rates the other agents are using to justify the lower offering price is on a straight multi family.
Post: How to justify a change in cap rate?

- Posts 17
- Votes 0
My investor bought a Mixed Use building in Chicago 2 years ago at a 6.7% Cap
- Cap rates in area for strictly multi family are in the low 6's
What is the argument that the current Cap rate of 6.5-7.25% should be used on the building vs a higher rate?
That seems to be the current argument with other brokers. I believe, it's all based on risk profile and how we sell it I would imagine. Any help here on how you guys would rebuttal this would be great.
Thank you.

Post: Looking for Multi Families in Northern Indiana

- Posts 17
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I have an investor looking for up to 50 doors. Preferably in Northern Indiana, but will consider non Cook County areas as well. Tired of cumbersome unfavorable landlord eviction laws in Cook County.
Post: Sold !!! 28 Property portfolio Chicago South Side.

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- Votes 0
The 28 property portfolio on Chicago's South Side has been sold.
We have another one very similar: 27 Properties NOI : 290K Cap Rate 10
$103K Per
Thanks for your response. I think I've found my solution.
I'm looking for a lender that can facilitate the acquisition of an entire portfolio.
Please help.
I'm looking for a lender that can facilitate the acquisition of an entire portfolio.
Please help.
I'm looking for a lender that can facilitate the acquisition of an entire portfolio.
Please help.
Sorry Joe I've been swamped. What's your email address.