Acquisition Criteria

PRICE/UNITS

  • $5-$30 MILLION
  • 90+ UNITS

LOCATION/AREA

  • PRIMARY- FLORIDA, CALIFORNIA, NEVADA, ARIZONA, UTAH, COLORADO
  • CONDITION OF PROPERTY
  • B- TO A+ AREAS & ASSETS WITH HIGH GROWTH POTENTIAL

CONDITION OF PROPERTY

  • REO, DISTRESSED ASSETS & NOTE SALES
  • VALUE ADDED OPPORTUNITY TO PRIDE OF OWNERSHIP UNITS
  • FOR VALUE ADD - PREFER COMPLEXES THAT REQUIRE:
    • REPOSITIONING
    • INTERIOR/EXTERIOR REHABILITATION
    • SUFFERS FROM MISMANAGEMENT

AGE

  • WILL CONSIDER ANY AGE DEVELOPMENT (PREFER THOSE BUILT AFTER 1980)

FINANCING

  • CASH TO NEW LOAN 50% LTV
  • NO FINANCING CONTINGENCY
  • 20 - 30 DAYS DUE DILIGENCE

60 DAY TOTAL CLOSING

  • CLOSE WITH OWN CAPITAL (NO EQUITY PARTNER)

FOR MORE INFORMATION PLEASE CONTACT:

ROBERT ALEXANDER
DIRECTOR OF ACQUISITIONS
(562) 240-1067
(562) 434-4369 FAX
ROBERT@RKPROP.COM