All Forum Posts by: Scott Meitus

In business since 1998, The Windward Group provides expert financial and cash flow analysis services for private multifamily investors. We have worked with many of the nations's most prominent investors, developers and family offices and we are certain that we can bring a great deal of value to your next investment opportunity.

To learn more about The Windward Group, please visit our website at www.windwardinvest.com.

ACCREDITED INVESTORS ONLY.

In business since 1998, The Windward Group provides expert financial and cash flow analysis services for private multifamily investors. We have worked with many of the nations's most prominent investors, developers and family offices and we are certain that we can bring a great deal of value to your next investment opportunity.

To learn more about The Windward Group, please visit our website at www.windwardinvest.com.

ACCREDITED INVESTORS ONLY.

Mike,

Each syndication is usually somewhat unique to the individual syndicator.  That said, I can answer based upon my experiences.

1.  I have always used a preferred equity structure with a "general partner/limited partner" arrangement.  LP's received an annual preferred return (percentage rate varied depending on current interest rate environment) of between 6% and 10%.  Above that, proceeds were divided between the GP and the LP's.  My typical structure was  between 50/50 (for small deals) up to 25/75 for larger ones.

2.  My experience is that a lender will view your transaction as "commercial" as long as the asset is not being wholly purchased for personal use/living.  As such, even a single family home can be treated as commercial provided you do not plan to live there.  Your local lenders may have a different viewpoint, but that is what I have encountered.

3.  Having a separate construction loan is not unusual.  However, most lenders will require you to refinance after renovations are completed, and the two loans can be wrapped into one permanent loan.

4/5.  Can't speak intelligently about your area, as I am unfamiliar.

Hope this helps.

PM me.

Chris, PM me if you would like.  This is exactly what I do for a living.

In business since 1998, The Windward Group provides expert financial and cash flow analysis services for private multifamily investors. We have worked with many of the nations's most prominent investors, developers and family offices and we are certain that we can bring a great deal of value to your next investment opportunity.

To learn more about The Windward Group, please visit our website at www.windwardinvest.com.

ACCREDITED INVESTORS ONLY.

In business since 1998, The Windward Group provides expert financial and cash flow analysis services for private multifamily investors. We have worked with many of the nations's most prominent investors, developers and family offices and we are certain that we can bring a great deal of value to your next investment opportunity.

To learn more about The Windward Group, please visit our website at www.windwardinvest.com.

ACCREDITED INVESTORS ONLY, PLEASE.

Nothing at all unusual about requesting three years of actual income/expense data.  It's standard operating procedure to provide that info, along with a current rent-roll.  In most cases, you should disregard broker provided cash flow projections entirely.

In business since 1998, The Windward Group provides expert financial and cash flow analysis services for private multifamily investors. We have worked with many of the nations's most prominent investors, developers and family offices and we are certain that we can bring a great deal of value to your next investment opportunity.

To learn more about The Windward Group, please visit our website at www.windwardinvest.com.

ACCREDITED INVESTORS ONLY, PLEASE.

Bruno, I have converted about a dozen properties (13 units to 56 units) to condominium ownership.  While the process is not rocket science, it entails quite a bit more than can be covered in this forum.  If you would like to discuss the overall process, please PM me and perhaps we can schedule a time to speak directly.