Investor Seeks Members To Build LLC For Purchase Of Multifamily Properties
We are building an LLC that will be made up of 3 members. The LLC will purchase Multifamily properties in the Dallas/Ft. Worth Metro area. These properties will be 100+ units, Class B- to C+, 55% or greater 2+ Bedroom units, Built 1970 or later, Buildings will cash flow at their current NOI, and Vacancy 15%-20%.
The target is to purchase 1 property every 8 months for 32 months for a total of 4 buildings. Each member will provide $100k - $200k in initial investment capital. The LLC will be staffed with 4 employees, 1 Sales Executive (Private Investor side), 1 Sales Executive (Building Acquisition side), 1 Finance Manager, 1 Processor/Administrator.
The business plan is in it’s final stages of development. If you are interested in being a part of this LLC,
[ Edited by commercialking on Date 10/14/2007 ]
Hi
I know a company that offers 100% Non-Recourse Assumable Multifamily Financing available "NATIONWIDE" with rates around 5.75% 40 Year Fixed Term
They also offer Corporate Cash Lines of Credit from $350,000 to $5Million and higher.
[ Edited by ypochris on Date 08/26/2007 ]