Principal Buyer
Rodney Cilien
Owner/Investor
Is Looking For
5-20 Units C or B Class Multifamily
Acquisition CriteriaDescription:
Deal Requirements:
Only investing in multi-family no other asset classes at this time.
Must have value add component
Must hit 15% IRR, no longer than 5 year term
Exit can be through sale or refi as long as 15%+ IRR hit
Minimum IRR is 15%, however, preference will be given to opportunities 20% or above.
Investment area Southeast states, property must be in a stabilized area with growth potential.
Max units 20 per property
Class property B/C (value add)
Year 1 COC maybe 8% or below as long as subsequent years hit 8% or above
Listing Types:
Multifamily
Price Range :
Under $2,000,000
Locations:
Florida, USA
Georgia, USA
North Carolina, USA
Texas, USA
South Carolina, USA
Details:
Cap Rate:
Over 7%%
Units:
Under 25
Last Updated: 07/06/2020
Created: 2020-07-03T22:37:23Z
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