WANTED: MULTIFAMILY PROPERTIES

[Akali Dennie]

Hello, the FUND I represent is looking for any and all MultiFamily Properties that meet the below criteria.  Please email any deals to me that may fit this criteria.  Thank you.  [e-mail].

 

Multifamily properties of interest must have the following characteristics: Class B and C multifamily properties of 100 units and larger in select US markets.

 

1.)	Class:	Class B and C
2.)	Type:	Garden Apartments
3.)	Size:	100-plus units per property with portfolios welcome
4.)	Condition:	In need of $1K to $10K per unit in renovation
5.)	Occupancy:	Any occupancy from 0% up, but underperforming the submarket
6.)	Markets:	1.       Texas – Amarillo, Austin, Brownsville/Harlingen, Dallas/Fort Worth, El Paso, Houston, TX, Killeen/Temple,  McAllen/Mission, San Antonio, 2.       North Carolina – Raleigh, Durham 3.       South Carolina - Charleston 4.       Alabama - Huntsville 5.       Louisiana - Lafayette 6.         Oklahoma - Oklahoma City
7.)	Additional:	Note purchases to gain control of the collateral are fine

• Projects of interest are 15 to 40 years old, in need of moderate to substantial renovation, and have the potential for a significant increase in rents and occupancy when they are brought to a performance level similar to other comparable multifamily properties in their respective submarkets

[A.E. Ferguson]

I will see what I can do for you in Houston.

[Akali Dennie]

Thank you Al.  The Fund also lends Commercial Bridge Financing up to 90% LTV. I would be happy to email you our guidelines.  My email is [e-mail].

[sargent wayne]

We offer commercial project funding and financing with bank instrument, client can give us 10% of the face value of the bank instrument as BG, SBLC or wire the fund to our investment banker who will issue and monetized the bank instrument for funding.
However, we do long and short terms loan for personal, business and other funding needs. And we give up to $80M loan to clients who meet all our loan conditions.
For more details contact us with the below info.
E-mail:[e-mail]
Skype:Sargent.wayne
Phone:[phone].

[Bryan Silver]

Akali,

 

I have multiple distressed, off-market garden-style Class B, C multifamily assets, 100 units or more available in markets highlighted in your post.  I guess what I would like to know is how serious is your FUND with respect to acquistions?  I can force-feed your group properties all day long, but if they are simply on a fact-finding mission well..............

 

 

[Akali Dennie]

Hello Bryan.  Thanks for your reply.  The FUND is very serious and specific about what they are looking for as you have seen their requirements.  Additionally, they are on no "fact-finding" mission.  They are looking for specific properties with specific requirements and have the ability to close very quickly.  Please give me your email so I may contact you directly.  I look forward to speaking with you about what you feel you have.  Thanks again.

Akali

954-496-5351

[Bryan Silver]

Akali,

 

I haven't forgotten about you.  Will be sending you over a couple of prospect to your personal email later today.

 

-Bryan 

[Akali Dennie]

Thank you so much Bryan.

[Akali Dennie]

My email is [e-mail]

[Steven Bloominger]

Just saw your post.  Have 176

units here in Phoenix, just fits you criteria.

Under contract.
$5.5m value

$3.3M  purchase price.

GSI $1,136,292
NOI $  673,782

94.8% occupied
20 + cap

My financing fell thru, will sell contract to your people.

Interested?

Steven Bloominger
480-721-4532

[e-mail]