Seeking funding, equity partners for the acquisition and turnaround of a distressed multi-family opportunity in Texas. IRR 37% secured by 1st lien for a 65% LTV of after completion value.

This proposal is for the acquisition of a distressed multi-family opportunity in Houston, Texas. The property has easy access to highways, shopping, places of employment, parks and recreation in a working class area. The property became distressed after Hurricane Ike and currently has a 30% occupancy.  


The property can be acquired for a fraction of the cost and rehabilitated. After completion, with an aggressive lease-up plan, the property can achieve 90% occupancy since the immediate properties average above 90%. The turnaround can be achieved in 8 months.   


The funding required is $8M which is a 65% LTV of the after completion value. The property value will be $12.6M calculated from a 10% cap rate on a proforma NOI of $1.26M. The property was sold for $12M in 2007.


I am seeking an equity partner or private lender to fund the project secured with a 1st lien on the property. If required and included in the costs, the proposed proforma secures interest payments of 10% to the private lender during the turnaround.  The proposed exit strategy is the sale of the property at 12 months including the 8 months of rehab and lease up and 4 months of marketing. The partner's equity share plus the interest payments would net an IRR of 37% after one year.     


Please contact me at for more information if interested on being an eqity partner on the deal.





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Hi Rafael,
We are a private investment company that specialises in distressed assets. We can offer debt funding on this deal with rates of 12% - 15%. I would like to discuss this further with you and invite you to contact me on 941-538-6378 or

Feel free to peruse our site and submit a loan request online (

I look forward to hearing from you soon,

Darryl Cox
I am looking for a hard money loan against these assets let me know if you can help. I have been doing this since 1996 I am putting all this up for collateral and a guarantee from the city. If you can or have a person that can do it let me know I am not paying upfront fees for any one to think about it
Barnett Bank &Laura Trio of Jacksonville Fl
I have 4 Buildings and 6 lots valued as is over 16 million:
1. Barnett Bank 18 stories arv 24million needs 14
2. Florida Life Building 11 stories arv 6 needs 2.8
3.Bisbee building 10 stories arv 6 needs 3.5
4.Marble Bank 2 stories needs 1.2 arv 2.5
5 310 Parking deck 4.4 arv 6.5
I am looking for a partner that can close fast I have the construction company.
Phas1 one complete Barnett and Parking is 28 I have close to 5-6 million i am putting in.
I need a hard money loan or partner for 20 million i can pay back in 1.5 years here links Plans I have this is one project completed next to ours at 97% this is one project completed next to ours at 97%
anthony Lewis 678-683-1204
We recently viewed your inquiry on and would like to introduce ourselves.
Aurora Funding LLC represents a revolutionary funding initiative that provides a means for end users and investors to acquire properties of their choice. When conventional or subprime lenders decline Aurora Funding’s APT (American Property Trust) program will usually make the deal become a reality. Please respond to us at your earliest convenience.


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