For Sale/Finance

We are currently offering the following DEBT and EQUITY investments totaling over $300 Million:

UNITED STATES

Senior Housing – Class A Project opened in 2018 and located in Metro Detroit, Michigan with 138 Units including IL, AL and MC.  Asking price is $40M.  Contract is currently pending.  IRR 20%. 

Self-Storage – $16M Class development in Chicago, IL with 110,000 SF, including ground floor retail with 12,000 SF.  CubeSmart managed.  Joint Venture with existing landowner with $3M to $5M in Equity needed.  Bank financing and JV Contract is pending. 

Apartments – 232 Units in Prince Charles County, VA, new construction, seeking Joint Venture Equity of up to $10M.  IRR 20%.  All market-rate.  Hud Financing of $50M is in place.

Apartments – 165 Units in Minneapolis, MN, new construction, seeking construction and permanent financing for $25M and joint venture equity of $3M to $5M.  IRR 18%.

Hotel – Class A iconic Hotel in Northern Michigan with 100 keys.  Institutional Sponsor.  Seeking $15M in Permanent Financing.

Recently Closed

Apartments – 180 Units in Fort Walton Beach, FL.  Recently closed on $22M in permanent financing from Fannie Mae at a rate of 3.61%, 10 years fixed, with 4 years of IO. 

Hotel – Acquisition financing for a $5M Holiday Inn Express & Suites, 91 Keys in Meriden, CT purchased by a NJ based regional hotel investor, SBA permanent financing, 85% LTV, Prime + 225 bps (5.5%) adjusted quarterly, flexible prepay, 25 year term, 25 year amortization.

Retail – Financing for a $5M retail strip center in Las Vegas, NV owned by a High net worth investor.  Loan was a 10 year fixed rate CMBS loan with 30 year amortization at 5%, non-recourse, providing for over $3M in cash-out for sponsor.

Apartments – $8M loan for 180 Units in Fort Walton Beach, FL, Bank REO acquisition, Equity Syndication, Construction and Permanent Financing for $25M Class A garden apartment project.  IRR 75%.

Apartments – 125 Units in downtown Minneapolis, MN, substantial-rehab, construction and permanent financing for $15M project.  IRR 12%.

To receive a details on these and other institutional investment opportunities, please contact us at 908-376-9206.