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Written by Administrator
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Monday, 20 July 2009 |
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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:
- 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
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or Fax (877) 884-1669
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Last Updated ( Sunday, 05 February 2012 )
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