Private Investor Wanted to Invest in Commercial Building

Services for Real Estate Pros with Deromi Ventures
I'm looking for private money to invest in an apartment building in Detroit.  Investor would act as a silent or limited partner.  Loan would pay back 9 to 10% annually on a short term five year balloon and be secured by the subject property.  My goal is to purchase a new property every 12 to 24 months.  This is a new venture for me but I have a top-performing commercial broker and commercial loan officer in the area that will be providing feedback to the private investor as to the feasibility of the project.

Comments (7)

Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes
David where is the apartment in Detroit, please provide more information on cost location etc... I might be interested or have someone who does something similar in other states. Please email me the information.
Jan 06, 2008 10:25 AM
David Everett



The building is in the Owen Park area of downtown Detroit.  The approximate cost is $2.4 million and I am looking for an investor to put up 20%.  In this case $480,000.  I can provide a complete property offering, but I would require a signed confidentiality agreement before doing so.  Let me know.



Jan 06, 2008 12:36 PM
Find a Notary Public needAnotary
QEC Internet Services - Long Beach, CA

As a member, I would like to personally welcome you to the ActiveRain community!  This community has a wonderful atmosphere and you will find lots of helpful friendly people and useful information.  I’ve been in the business 25 years and I often find something new and interesting when I read a new blogs

Please tell me a little about your business and please share with me any ideas I can use in helping you find targeted referrals, or to help me to identify your preferred customer in my daily networking.  The Rain is an excellent networking forum with a variety of interesting characters.  Expect to learn a lot and be entertained if you have an open mind.  The opportunities to learn, earn and network are absolutely incredible here on Activerain.

My company's core business is Internet Marketers, as we operate a few websites geared to real estate professionals.  Whatever you need a notary public, provides a solution for realty practitioners and the general public a source for finding qualified professionals for their notarial assignments.
Jan 06, 2008 03:36 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog
Just stopped by to welcome you to Active Rain. You will find it a great benefit to your business!
Jan 07, 2008 06:49 AM
Angie Vandenbergh
Crye-Leike, Realtors - Memphis, TN
A Crye-Leike Blogger

Hi! Welcome to the site. I see this is your first post.

There is a lot of reading on this site. I recommend that you read, read, read and then comment, comment, comment. There are so many different blogs to read. There are tons of topics out there from real estate, marketing, technology, seo, staging, mortgage, etc. It goes on and on. You'll start to get to know people and before you know it... you'll have figured out the benefits of the site. 

Also check out Resources for the Active Rain Newbie.

Good luck!

Jan 07, 2008 08:51 AM
Leo Namiot -
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
More than just great rates

Hello David,

   Welcome to active rain, it's a great online community, enjoy!

 Leo Namiot

Benchmark Mortgage

Connecticut Mortgage Specialist

Jan 07, 2008 11:57 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

     I encourage you to take another look at the website.  Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Aug 17, 2015 11:52 AM