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Deals in Progress
Moderated by: joel, commercialking, woodsong
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Real Estate Investing Forum Index / Deals in Progress / Looking For Equity Partners

Author

Looking For Equity Partners

commercialking



2918 Posts  
Member Since: 03/26/2004
Chicago, IL
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Posted: 17:37 on 09-21-2008   
100,000 square feet of industrial space in Chicago. Purchase price just over $15 per foot. 50% leased with 1.3 DCR on day one. The idea is to divide and lease the remaining space then refinance. Have a track record of similar buildings nearby so I can show you how the finished product works.

Purchase, $1.65 million
Renovation $2.0 million
ARV $7.million

Turnaround time 3-4 years.

Looking to raise additional $250,000 to supplement funds already committed.

Would take subscriptions as low as $25,000 but would prefer $50,000.



[ Edited by commercialking on Date 09/21/2008 ]


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cjmazur

4284 Posts  
Member Since: 07/23/2003
Cupertino, CA
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Posted: 18:23 on 09-21-2008   
I have fund PA (?) that might be attracted by this deal.

Let me know if you'ld like and intro.


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commercialking



2918 Posts  
Member Since: 03/26/2004
Chicago, IL
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Posted: 08:52 on 09-22-2008   
Chet--

I have sent you an e-mail. Any other takers?

Mark


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