Oct 26 • Share with us!
Distressed Multifamily Opportunity – Seller Financing Available
I’m sharing the following opportunity for your input and would appreciate connecting with any community members based in Louisiana.
Property Overview
- Location: Lake Charles, LA
- Units: 168 remaining out of 184
- Year Built: 1971
- Buildings: 11 total
- Status: Fully vacant and condemned
Seller Financing Terms
- Owner is open to seller financing
- Flexible terms available—potentially up to 80% LTC for acquisition and rehab
Pricing Guidance
- To be determined by market conditions
- All offers are encouraged
Background & Condition
- Property was foreclosed by the lender
- Sustained major damage during Hurricane Laura
- Performance declined under previous ownership
- Multiple buildings affected by fire and weather-related damage
This is a rare opportunity to reposition a large multifamily asset with flexible financing and a motivated seller. If anyone in the Community is based in Louisiana and may be interested, I’d love to connect.
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Distressed Multifamily Opportunity – Seller Financing Available
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