I am not kidding on this. Our client wishes to sell his multifamily and has a deal in hand. We are seeking a $2.5M investment for him and can't find it.
The challenge:
- Minimum investment $1.9M to $2.5M
- Seeking AAA ground lease or AAA Single tenant triple net
- Must be in tax free state - FL, NV, WA, TX or MO
- Returns must be 7% CAP or higher to make the deal fly
- Minimum 10 years left or new term
- Would consider multi-tenant if exceptional location and very credible tenants (Banks, Credit unions or national chains)
Sounds easy, but returns have dropped dramatically in the last year money has moved in from bond and T bill and stock market.
If you have something or know someone who does please contact me as soon as possible. We will take a referral or give a referral on the deal if you can help. Call Doug at 360-920-1114 or email me doug@dhfoster.com
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