6d • 💰 Raising Money
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 (turnaround / “adult flip” style deal).
Deal Highlights:
- Purchase Price: ~ $21,875 per door
- Total Units: 32
- Current Occupancy: ~50% (primarily deferred maintenance-driven)
- Stabilization Budget: underwriting roughly ~$400,000 to cure deferred maintenance + stabilize operations
- Business Plan: stabilize + refinance in 18 to 24 months (market-dependent)
- Exit Value Range (Illustrative): ~$1.6M – $2.1M (depending on stabilization results and exit cap rates)
Capital Need:
- $70,000 EMD
- Partner to remain in the deal post-close as equity
This is a true JV opportunity with forced appreciation potential, early liquidity potential via refi, and long-term cash flow/upside.
If this fits your profile and you’re interested in reviewing underwriting and structure, feel free to DM me.
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Seeking JV Equity Partner / EMD Funder – Mobile, AL (32 Units)
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