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Ct Cashflow Institute, LLC.
Real Estate Note
Written by Administrator   
Monday, 20 July 2009

Acquisition Criteria For Multi-Family Units

CT Cashflow Institute, LLC specializes in Buying Commercial Paper Secure by Real Estate specially the purchase of Multi-Family properties nationwide, with an emphasis in the so-called “Diamond” states of California, Arizona, Nevada, Texas and Florida.  As you find properties matching the criteria set out below, please also note the following:

  1. If you find it on the internet, everyone and their brother has already seen it. So unless you have it locked up under contract for a price significantly lower than what’s listed, it’s not going to be a good deal.

General Criteria

  • 15% minimum cash on cash returns (prefer returns >20%)
  • Various Cap rates depending on cash requirement, appreciation potential and property.  Cap Rates should generally be at least 2 points higher than the surrounding area.
  • Price range:  $1,000,000 – $25,000,000.   Exceptions made on a case-by-case basis.
  • Cash Equity – “All Cash” or “Cash to Existing Debt”.
  • Value Add Opportunities sought.
  • Distressed Properties a Plus (poor management, below-market occupancy rates & rents, deferred maintenance, pre-foreclosure, REO, NPN)

Property Criteria

  • Class “B” and “C”
  • Multifamily Residential Apartment Communities.
  • Minimum size: 50 units (will consider smaller on a case-by-case basis)
  • Age: Depends on Condition
  • Utilities:  individually metered preferred but not mandatory
  • No chiller systems over 7 years old.
  • Roofs:  pitched construction preferred but not mandatory
  • Occupancy Rate:  no minimum as long as property is well located and is a value enhancement opportunity.
  • Condition:   Zero to medium rehab

If you have a property you would like us to consider, please provide the following:

  • Name and address of property
  • Last twenty four months operating statements
  • Current Rent Roll
  • Pictures
  • Proposed price and terms
  • A completed form for Multi-Family Properties

Submit Package to CT Cashflow Institute, LLC:
via email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
or Fax (877) 884-1669

 

Last Updated ( Sunday, 05 February 2012 )
 
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