Seeking JV Equity Partner / EMD Funder – Mobile, AL (32 Units)
I’m looking for an equity partner to JV on a 32-unit multifamily acquisition in Mobile, Alabama. Deal Highlights: - Purchase Price: ~$21,000 per door - Total Units: 32 - Target IRR: 30%+ - Equity Multiple: ~5.0x over a 10-year hold - Business Plan: Value-add with refinance in Year 1 returning ~100% of invested capital - Post-Refi Returns: ~12% cash-on-cash on original equity (with capital fully returned) Capital Need: - $70,000 EMD - Partner to remain in the deal post-close as equity This is a true JV opportunity with strong downside protection, early liquidity via refi, and long-term cash flow and upside. If this fits your profile and you’re interested in reviewing underwriting and structure, feel free to DM me.