looking for JV partner...$1.5 million investment...49% return

**ljprops** · 08-30-2008 03:07 PM

I am looking for a JV partner for a 200 unit apartment bldg. in Dallas. The initial loan is already in place but need $1.5 million to finish the deal.
This would give you a 49% return in equity plus your principal upon refinancing within a 1 to 3 year timeframe.
Time is of the essence in this deal so we are offering top ROI.
Answer here or email....ljprops@yahoo.com

**David Rocci** · 08-30-2008 09:37 PM

What's the occupancy rate? Cap rate? GRM? What is your initital loan structure? How many other partners are involved in the purchase?

**ljprops** · 08-31-2008 09:28 PM

Occupancy rate....90% +
Cap..........11 to 12%
loan pre-approved for 70% leaving room for flexibility
Only one JV needed for $1.5 mil giving JV 49% of equity plus return on investment within a one to three year timeframe upon refinancing.

For more details and financials email to request a pdf package.

J.R.

**ljprops** · 08-31-2008 09:35 PM

Sorry...new to this site and wasn't allowed to enter my email addy yet.

If you can list your email we would be glad to send you a pdf file on this.

J.R.

Okay...now I just noticed my email address is in my origingal message so if you will take it from there.
Thanks!