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Owned by Garret

Multifamily Network

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Multifamily Network — a private space for people serious about deals, real conversations, and progressing through actual experience in multifamily.

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Skoolers

167.7k members • Free

8 contributions to Multifamily Strategy Community
Closed! — 188 Units in Arlington, TX
Excited to share that Flintridge Apartments, a 188-unit multifamily community in Arlington, Texas, has officially closed. This one took a real team effort to get across the finish line. Toward the end, there were a lot of normal closing items being worked through, including seller-side city items, lender requirements, insurance updates, closing amendments, updated vacancy and delinquency information, and pre-closing walks to verify unit condition before takeover. A big thank you to our investors for their trust and partnership. We do not take that lightly. Thank you as well to our partners, lenders, brokers, attorneys, property management team, vendors, and everyone else who helped move this forward. There are always a lot of people behind the scenes on a transaction like this, and we’re grateful for each person who played a part. Now the focus shifts from closing the deal to operating the asset well. That means supporting the onsite team, serving residents, improving leasing, staying disciplined with the business plan, and being good stewards of the property and the capital entrusted to us. Grateful for the team, grateful for our investors, and looking forward to the work ahead.
Closed! — 188 Units in Arlington, TX
0 likes • 13d
@Ayse-Rose Kurtoglu thank you!
0 likes • 13d
@Ricardo Roxas thanks 🙏🏼
What it took to close this 121 unit deal
We just closed on a 121-unit in Fort Worth. Here are some things that a spreadsheet doesn’t tell you. Lender requirements can shift late in the process. We were initially expecting agency debt, but last minute requirements changed and the proceeds no longer worked for the deal. So we pivoted to bridge. Good thing we had already modeled bridge from the start. You may have to restructure entities to align with lender expectations. We formed a new borrower entity late in the process and updated the org chart to match what the lender required. That meant new documents, new approvals, and making sure everything flowed correctly from a legal and ownership standpoint before we could close. Multiple legal teams get involved. Lender counsel, borrower counsel, title, everyone reviewing language and redlining documents. A lot of back and forth. Signature pages get revised. Loan agreements get updated. You think you are done, then another comment comes in. Title items can surface that have to be cleared before anyone wires money. In our case, there were legacy items that had to be resolved before we could get clean title. That meant coordination and making sure everything was cleared so funding could happen. None of that shows up on a spreadsheet. Getting this deal to closing was a different animal. Glad we got it done. Now the real work begins.
0 likes • Feb 28
@Christian Osgood thanks! 24-mo bridge, two 6-mo ext options, floating over 1mo SOFR with rate floor, non recourse with standard carve outs. We’re using third party management with exp in that submarket and we’re overseeing the AM side.
1 like • Mar 23
@Thang Dang thanks 🙏🏼 ~4.15% + SOFR, with a 3.5% floor.
Who Else Owns in Texas?
Hey guys, who else in here owns multifamily in Texas?
0 likes • Feb 7
Hi @Caleb Hommel Co-gpd on a 113 unit mid last year in Dallas. Currently under contract on another in Fort Worth. Happy to connect if it makes sense for you
The best investment I ever made wasn't in real estate...
The best investment I ever made wasn't in real estate, but it led me straight to it. Looking back, the smartest thing I ever did was invest in myself. That decision made me adaptable. It forced me to develop new skills. It gave me the courage to take risks I never would have taken otherwise. And it opened my eyes to possibilities I didn't even know existed. It's the reason I got into fitness. It's the reason I built a six-figure business. And ultimately, it's what gave me the confidence to walk away from that business when I realized something important. What I thought was success in the beginning really wasn't. Working for myself. Making good money. Being able to support my family. But over time, a few things became more obvious. If I wasn't working on the business, things would start going backward. I also realized my kids weren't going to take over, so it would've ended with me. And because that path wasn't leading me where I wanted to be, the overwhelm kept building until I burned out. That was nothing like what I initially thought I wanted. What I actually wanted was freedom. More time with family. Being fully present. A life that didn't depend on how many hours I could work in a day. The skills I had built and the experiences I had were all preparing me for a different path. Real estate investing. But the best investment I ever made wasn't actually in real estate. It was in becoming the person who was finally ready for it.
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Here we go again!
Excited to share that my team and I are officially under contract on our next multifamily property!
0 likes • Nov '25
Thanks @Maria Campagna for sure!
1 like • Nov '25
@Jacob Herrera that’s cool man. Putting in the work. Second best time is now 👍🏼
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Garret Rumbea
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15points to level up
@garret-rumbea-4298
GP at Westline Equity. Grew my fit biz to 6 figs. Got into real estate. Now I buy apartments. Always down to connect! Garret@WestlineEquity.com

Active 1h ago
Joined Oct 3, 2025
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