Commercial to Apartment Conversion Purchase

Deal Details | New Construction - Commercial to Apt Conversion

First

Last

Phone

Subject Property Address

Street Address

Address Line 2

City

State

Zip Code

Current Number of Units

Current occupancy percentage (%)

Purchase Price

Amount in rehab funds needed

What is the total loan amount requested (purchase + construction funds)

What will the property be worth when completed (ARV)

What is the current / as-is value

How long will you need the loan (in months)

How many total units will there be when the project is complete

How many total structures will there be when the project is complete

What will be the average size of each unit

What will be the average bed / bath count of each unit

How long will construction and entitlements take

Has the infrastructure or horizontal work been completed or does it still need to be completed

Not started In progress Complete Other

Do you have an itemized construction budget

Do you have the GC license and insurance information

Do you have permits approved

Yes No

Do you have the architectural drawings/plans

Yes No

Exit Strategy

Sell Hold Other

How many commercial conversion deals have you done previously and when

How many multifamily deals have you done previously and when

What is the average sales price of completed / sold previous new construction deals

Anything else we should know about this transaction?