La Estancia

  • Projected IRR of 19.39%, 2.07 multiple to investor
  • Closed 10/2021
  • 307 units built in 1970
  • Purchase price: $34,673,293
  • $4,904,939 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
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