i can get your deal done
jamal trotter <[EMAIL PROTECTED]> wrote:
jamal trotter <[EMAIL PROTECTED]> wrote:
Hello All,I am seeking a capital partner for the following deal:-18 unit apartment complex, East Orange, New Jersey-Unit Breakdown - 12x 2br, 5x 1br, 1x studio-100% occupied - below market rents-120k annual gross income-approximately 73k annual NOI (47k operating expenses)-all brick structure in excellent condition - just passed State Green Card inspection-799k purchase price-seller will carry 650k 1st lien at 5% interest only, amoritized over 30 years with a 6 year baloon (sellers are old, wealthy, and ready to get out of property management. The property is currently owned free and clear).This deal is incredibly solid and the financing terms I have negotiated are remarkably good to say the least. Approximately 195k cash is needed to make this deal work (that includes capital for the down payment, closing costs and emergency reserves). Terms for the capital investment are negotiable.All seriously interested investors please respond directly to:Please include your contact information so that we can discuss the details of this deal directly.Thank you,Jamal Trotter
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