185 Unit Arlington, Tx- Multi Family

[vinny fazzino]

Multi Family money maker

5 million purchase price

13.5% Cap Rate

NOI = $679,081

32.7% Cash on cash with 25% down


Arlington Texas is a strong rental market

The average cap rates are between 9 and 10%

Contact: [e-mail]

[Stephen Murden]

Vinnie

Let me know if you would like me to provide a financing proposal under our FHA 223(f) program. Up to 85% LTV, 35-year fixed, non-recourse, fully amortizing. Interest rate around 4.95% plus .45% MIP.

Thanks,

Steve Murden, Vice-president
Capmark Finance
[phone]
[e-mail]

[vinny fazzino]

Steve,

thanks for contacting us. This project will not qualify for the HUD 223 (f) program. I believe one of my partners has already contacted Capmark in regards to this project in the LA market.