Acquisition Criteria:

• $2,000,000 or over
    
• Preferred Price Range: $5 million - $50 million: We are seeking deals large enough to be out of reach for unsophisticated individual investors but small enough to stay "off the radar" of deep-pocketed institutions.
    
• For clarity in dialogue, we classify properties based on market rents: Class A being the highest rent in the market, Class B is 75 to 85% of Class A and Class C is 65 to 75% of Class A.
    
  - Class A with a 6.5% cap rate or better
  - Class B with a 7.5% cap rate or better
  - Class C with a 8.5% cap rate or better
    
• Ability to retire existing debt or down on assumable financing not to exceed 30% of value
    
• 10% Cash on Cash Return minimum (leveraged at 80% LTV)
    
• Light rehabs and some differed maintenance acceptable but turn key preferred / case by case present all options

Please include with your submission the following: 

- Previous year and current year to date profit & loss
- Rent roll
- Unit mix & count
- Pictures
- Existing loan information
- Tax estimate
- Commission requirement

Please send information to: info@1031multifamily.com