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.
0
2 comments
David Centeno
3
Seeking JV Equity Partner / EMD Funder – Mobile, AL (32 Units)
Multifamily Strategy Community
skool.com/multifamilystrategy
Find, Fund, Discuss, & Network on Multifamily Deals
Leaderboard (30-day)
Powered by