Casa Verde Apartments
- Projected IRR of 19.99%, 1.98 multiple to investor
- Closed 7/2021
- 384 units built in 1973
- Purchase price: $47,775,813
- $5,506,560 proposed capital improvement program
- 3 year I/O, variable rate bridge debt at years 1-2
- Refinance after year 2 with Freddie Mac 5 year fixed debt