All Forum Posts by: Zach Haptonstall

Thank you Bob and Randy! DM me or find my contact info on my profile if you have any other questions :) 

Hi Yuzi, Bigger pockets deleted my comment because I put my calendar link.... My contact info is on my profile and I'd be happy to answer any questions you may have. Thank you for the inquiry!

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $25,200,000
Cash invested: $9,975,000

Rise at the Lofts
550 E Earll Dr Phoenix, Arizona 85012
Formerly Known As Plaza 550
Units 92
Acquisition Date 28-Jan-2022
Purchase Price $25.2M
Invested Capital $9.975M
Loan 3+1+1 Non-Recourse Debt Fund
Deal Structure 506(B) Syndication
Unit Mix 92 1B
Projected Hold 2-5 Years

Investment Info:

Large multi-family (5+ units) buy & hold investment in Mesa.

Purchase price: $13,000,000

Sale price: $18,200,000

DISTRICT FLATS
112 UNITS
Mesa, AZ​
​

ACTUAL PROJECT LEVEL RETURNS

• Disposition Date : May 2021

• Sale Price : $18.2M, $162.5k/Unit

• Equity Multiple : 1.95x

• Internal Rate of Return : 83.7%

• Average Annual Return : 84.9%

• Hold Period : 13.5 Months

Acquisition Date : March 2020
Purchase Price : $13M
Down Payment and Renovation Costs : $5.15M
Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
Deal Structure : 506(B) Syndication
Unit Mix : 33 Studio | 78 1BR/1BA | 1 2BR/1BA
Projected Hold : 2-5 Years

What made you interested in investing in this type of deal?

https://azbigmedia.com/real-estate/rise48-equity-sells-district-flats-off-dobson-apartments-for-18-2m/

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $18,400,000
Cash invested: $5,900,000

RISE MELROSE

(Formerly Revival on Indian School)

96 UNITS

Phoenix, AZ

Acquisition Date : May 2021

Purchase Price : $18.4M

Down Payment and Renovation Costs : $5.9M

Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan

Deal Structure : 506(B) Syndication

Unit Mix : 96 2BR/1BA

Projected Hold : 2-5 Years

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $28,700,000
Cash invested: $9,100,000

Rise on Peoria

Acquisition Date : April 2021

Purchase Price : $28.7M

Down Payment and Renovation Costs : $9.1M

Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan

Deal Structure : 506(B) Syndication

Unit Mix : 96 1BR/1BA | 36 2BR/2BA | 32 2BR/1BA

Projected Hold : 2-5 Years

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $14,200,000
Cash invested: $5,300,000

THE VIBE ON THOMAS
100 UNITS
Phoenix, AZ
​
Acquisition Date : April 2021
Purchase Price : $14.2M
Down Payment and Renovation Costs : $5.3M
Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan
Deal Structure : 506(B) Syndication
Unit Mix : 62 1BR/1BA | 37 STUDIO | 1 2BR/1BA
Projected Hold : 1-2 Years

Investment Info:

Large multi-family (5+ units) buy & hold investment in Mesa.

Purchase price: $16,500,000
Cash invested: $6,200,000

SUNNY BROOK
103 UNITS
Mesa, AZ
​
Acquisition Date : March 2021
Purchase Price : $16.5M
Down Payment and Renovation Costs : $6.2M
Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan
Deal Structure : 506(B) Syndication
Unit Mix : 72 1BR/1BA | 20 2BR/BA | 10 STUDIO | 1 3BR/2BA
Projected Hold : 2-5 Years

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $3,400,000
Cash invested: $1,400,000
Sale price: $5,350,000

-36 Unit Apartment Building In Phoenix, Arizona
-Acquired in February 2019
-$3,400,000 Purchase Price
-$1,400,000 of Equity Raised – Down Payment and Renovation Costs
-Tenant-In-Common (TIC) Structure
-26 – 2BR/1BA & 10 – 3BR/1BA
-Value- Add and Sell Strategy
-10-Year Fixed Interest Rate, Non-Recourse Freddie Mac Loan
-Scheduled to sell in 1st Quarter of 2020
On pace for 116% Overall Return (2.16X Equity Multiple) & 9.5% Cash-on-Cash

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $24,300,000
Cash invested: $8,760,000

POINTE VISTA
160 UNITS
Phoenix, AZ
​
Acquisition Date : January 2021
Purchase Price : $24.3M
Down Payment and Renovation Costs : $8.76M
Loan : 10-Yr Floating Interest Rate, Non-Recourse Agency Loan
Deal Structure : 506(B) Syndication
Unit Mix : 71 1BR/1BA | 36 1BR/1BA | 33 2BR/2BA | 20 3BR/BA
Projected Hold : 2-5 Years