*We are looking for a minimum buy-in of $50,000* up to 3.8 million
The details of the deal are as follows:
Funds Requested: $3,850,000
CoC Return:
Year 1: 6.36%
Year 3 (pre-refi at month 30): 13.57%
Year 3+ (months 31 and on): INFINITE
Equity %:
Years 1-3 (pre-refi): 60%
Years 3+ (post-refi): 40%
Depreciation %:
Years 1-3 (pre-refi): 60%
Years 3+ (post-refi): 40%
Funding Commitment by: Monday, June 17, 2024
Closing: July 19th
Purchase Price: $12,675,000
Property Value (as-is): $15,600,000 (appraisal done in Dec 2023)
Equity at closing: $2,925,000
Securities: PMP(s) added to LLC taking over the property, personal guarantee
Borrower/Deal Info:
- Borrower is an incredibly experienced SubTo student; Has improved over $45 million in multifamily and commercial real estate.
- Borrower offers 8% preferred interest until refi at 30 months after acquisition. This means guaranteed minimum of 8% interest, no matter what!
- Partial OWNER of a 119 unit commercial building valued at over $15,000,000.
- Opportunity to build generational wealth; You get infinite returns after 30 months where the borrower will refi you out and you will retain your share of 40% ownership FOREVER. Infinite returns baby!
- Appreciation & depreciation! Apart from the money you make, you also get to offset your taxes!
- Generous 60% share of the building until your money comes back to you; 40% after your money is returned.
As always, due diligence has been done on the deal:
https://drive.google.com/drive/folders/1RF5PXdhdNH3XKN580QJMHkXWcbHGTUWb
We have an incredible PMP opportunity here boasting a can’t miss opportunity to create generational wealth, as well as off set taxes via depreciation of a large commercial asset.
Please email at; yesventures15@gmail.com with any questions