12% Annual Interest 12 Months Investment12% Equity

Narrative: Experienced General Partners looking for Pref-Equity investor for stabilized and rehabbed
portfolios of 1-4 family plus other opportunities.
Current Portfolio Property Cities: Philadelphia, Wilmington, Baltimore, Akron, OH.
Description:
Asset type: 65, 1-4 SFR (70 doors)
Financials:
Initial Purchase Dates: June 2021 thru May 2022.
Purchase Price: $7.5+M
Current Bank Debt: $6M
Estimated current value = $10M+
Current Occupancy: 70% (17 vacant)
Cost to finish = $250k
Current income = $48K/month
Estimated rent when stabilized = $73K+/month
Sponsor Investment to date - $1.5M+
Loan Amount Request: $1M Pref Equity secured by 1 st mezzanine position in the LLC’s
that owns each tranche.
Philadelphia - $300,000.00 - Portfolio purchase of 5 SFR rentals in Philadelphia. Purchase
price is $900k. Sponsors are approved for a $700k loan
Baltimore – $175k needed. 5 Single Family Properties owned. $600k in After Repair
value. rehab need of $75k. payoff current - $100K
Wilmington - $275K -$100K in repair, payoff $1.3M
Akron - $250K - $100k in rehab, $150K for refinance
Pref Equity investment return: 12% annual interest- max 12 months investment period-12% equity.
Use of Funds – finish renovation, LP investor buyout at a discount, capital reserves.
Exit Strategy: Refi perm when stabilized (estimated within the next 12 months).
Sponsor info:
FICO score range – 800
Liquidity – $200K - $300k at any given time.
Experience – plenty. 15 year solid track record.