Loan amount
$-143,000,000
Loan type
Purchase {Construction}
Property value
$350,000,000 {PP:$7,000,000}
ARV
-41% {ARV}
Property type
Multi-Family 1-4 Units
Credit score
700
Deal experience
300 deals
This loan scenario was submitted by a Broker
No
City
Batavia ,bennington,orchard Park ,Buffalo
State
New York
Purchase price
$7,000,000
Down payment
$300,000,000
Cost of improvements
$150,000,000
Estimated property value after repairs
$350,000,000
Additional Loan Information
The questions did not purtain to my ask, ( INVESTMENT OPPORTUNITY) looking for 7m investor buy in to several in hand build to rent projects,Two companies owned ( Distinctive Homes of Western New York Inc.) 26 year old company with 0 debt.Distinctive Homes Of WNY,LLC formed in 2017 .to be positioned for a total of 500 units across several projects .The 7m investor buy in contribution will allow for an initial 40% Equity share in my 26 year old company.The inital 7m buy in investment will be returned at the 2 year mark with a then 20% continued equity share for the eternity of all projects owned by Distinctive Homes Inc( The parent company ) . the return at the 20 year mark will be 35m.Additonal first option to buy out up to 80% of the company under specific terms across all projects upon written request once all projects are leased up and 80% occupied.This will be a non controlling position with a 1st option to buy me out.I will retain 20% of all company stock for eternity or until a formal request to buy the remaining 20% is offered based on the companies valuation as the proposed buy out is presented. Everything is in place to move quickly Please contact me directly Chris Emond Pres./Owner Builder /Developer Distinctive Homes Of WNY e-mail cemondhomes@rochester.rr.com office 585-714-5008 direct cell 716-603-9085 please leave a detailed message and contact number as my Google assistant will answer the call and direct it to my attention.if you do not leave a message or contact information I will not recieve your response. SincerelyChris Emond Pres.
Status
Created
July 28, 2025 - 9:09pm

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