Various Off-market MF Tx MF Assets

[Norman Sutton]

I have a number of off-market Tx MF apartment complexes as follows:-

 

1.  Houston - 204 Units Class A built in 2009 at 6 NOI for $20 M + 3

 

2. DFW - 189 Units Class AAA built in 2008 at 6 % NOI with ability to convert some commercial space into 20 additional units to increase NOI (offers)

 

3. Dallas - 506 Units Class B built in 1971 doing 6.6 % NOI at 80 % occ for $15 M + 3.

 

4. Houston - 310 Units Class C built in 1982 (non-performing) - 43 % occ  for $3.875 M + 3.

                 - assumable loan

 

5. Dallas - 144 Units Class B/C built in 1983 doing 6.6 % for $6.15 M + 3

 

NDA, LOI on company letterhead, SPOF (bank to bank) for an information pack including pics.

 

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[Bryan Shaffer]

If you need capital for purchases, please contact me. We can do both Debt and Equity for Multi Family Properties. We can also provide bridge financing as well as Fannie, Freddie and HUD Loans. Bryan Shaffer  George Smith Partners [e-mail] 310-867-2906.   

[Darrell Kubenka]

Norman,

 

Please send me what info you can on the 310 unit complex in Houston.

 

Thanks,

Darrell

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