$3 million equity leverage

General Real Estate Investing
1

If you have $3 million in equity on two properties and your trying to acquire another property, how do you best position yourself?

We have funds are tied up and will be available for full purchase in about a year and half. They are primarily in CD’s and stocks that are pledged to the loan.

The properties are hospitality properties but we are trying to diversify to either apartments or self-storage.

The bank appraised aggregate value is $9 million less $6 million in debt.

Any help is appreciated. Also, where can I start looking for good acquisitions for the apartment or self storage opportunities. I know about hospitality but not too much about those.

Yuhanna
Garrison Capital Group

2

Hi,

Try a Bridge Loan, I believe you can secure this type of financial instrument with a 2nd TD and can get 70 to 75% maximum aggregate!

Basically this say’s you might qualify for 3.33% to 8.33% of ($9m) the allowable margin over and above your 66.6% first TD for $6m.

Or in dollars it’s somewhere between $350k and $750k minus points and fees! Interest rate probable somewhere along 16%?

Good luck,

             GR