150 Unit Multi-Family Project

  • 150 Units parked at 1.03 ratio

  • Built in 2014

  • Traditional 65% financing with a guarantee, sourced internally

  • Initial underwriting in 2013

  • Proforma from feasibility through lease-up

  • 200bps spread over cap rates

  • Rental product

  • Included underwriting of an LP/GP split with a crystallization; a GP tiered waterfall; and a sub-GP tiered waterfall

Building apartments
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260 Unit Multi-Family Project