ASK US FOR INFORMATION ABOUT THESE SITES.
OREGON – For sale, RETIREMENT COMMUNITY, owner retiring. ALL NEW, quality construction. 100% rented. Fifty six rental, age restricted homes on 31 separate lots. Average unit size 1,200 sq ft. Community center & amenities. Additional land available. Adjacent to assisted living and community college, close to hospital. Management available. Nets about $500,000 per year. Call for details.
CALIFORNIA - Extraordinary situation. Super location in great retirement city. 92 Acres. 48 acres zoned multifamily for 494 units plus 265 single family home lots. Adjoins very upscale neighborhood and golf course. 1/2 mile from 2.5 million sf planned retail center and I-5 Freeway. All utilities and infrastructure adjacent. COSTCO going in just across the street. Owner HIGHLY motivated, moving out of the country. Was asking $15 million. Now reduced to $7.5 million for cash deal. Call for more info.
NORTH FLORIDA -Alf and Memory Care. Almost shovel-ready project of 100 units, 71,000 sf, 3 floors (65 ALF-35 Memory Care). Business plan is very thoroughly done and covers all aspects. Qualified contractor and management are identified and available. Excellent banking relationship with bank preliminary Term Sheet in place for an 85% loan ($11,475,000) to cost at 3.9%.with a couple of minor investors available.
The recent Appraisal and Analysis was conducted by Health Trust LLC. As a principal note, the Primary Market Area (PMA) has recently been upgraded to a Type IV Market. Health Trust LLC stated “...The PMA is characterized as one having “significant potential and is under-served with high rate growth and occupancy…” This condition is evident for now and projected at least five years into the future. The introduction of this new facility into the PMA during this period would not cause a change in the current balance between supply and demand.”
The Principal is interested in exploring and advancing discussions toward a strong operations or capital partner JV relationship, as well as potentially selling the project that is quite advanced. The Project is shovel ready except for final drawings and permits. What is required is a strong JV partner(s) that can qualify with the banks requirements. Liability is limited to the degree of participation acquired. The Principal wants to ensure that before he accepts any investor capital, there are expectations of final loan approval to safeguard his investor relationships. No other activities have been approached at this time for JV participation other than those currently advanced with the potential management group. $1MM for the strong JV or (negotiable) $3.5MM to buy out.
OPINION: This appears to be a strong market with an excellent site location. All preliminary work has been well documented and professional. The project would be ready to open about January 2013. Please contact us regarding any questions concerning this property.At the request of the Principal, we are requiring a CA in order to provide specifics. The business plan and appraisal/market study are available, both very well done. Additionally, we ask a 2 ½ % finders-fee agreement from the potential buyer.
SUMMARY
Total Project: $13,500,000.00
Equity Down Payment: $2,025,000
Loan: $11,475,000
Payment per year: $765,372
NOI: $1,672,891
NOI After Debt: $907,519
Appraised Profit at Stabilization $9,000,000
Stabilized Cash on Cash Return: 45%
Appraised Value at completion: $19.8MM
Appraised Value at stabilization: $22.5MM
Call for more info.
HAWAII - We know of 3 strong market locations.
- Two strong areas/sites. Owners needing investment capital. Looking for JV partners in upscale/affluent areas.COSTA RICA, MEXICO & CHINA - Opportunities to invest.
EB-5 Opportunities -
FLORIDA - Land available in a number of areas with a high % senior population
WANTED TO BUY
65 units or more in Oregon
Foreclosed ALF's, partially built ALF's, under-financed ALF's
Assisted living facilities - newer, 45 units or larger
Miami, Florida Assisted living facility
Newer 100 +/- Units Western States
10-25 ALF facilities as a group
Ready-to-build quality projects without financing options.
INVESTMENT PARTNERS NEEDED
We get calls every day inquiring about land and investment opportunities. We also have site and project availabilities in South Carolina, Florida, Texas, California, Arizona, Hawaii, Indiana, Maryland, Washington, Michigan, New Mexico, Alabama and many others.
Please call or email ghaddock@alfmarkets.com for full details, pictures etc.
We have clients needing equity partners for qualified projects.
