We want to share updates on the deal we’re just about to close, the Summerwind Apartments. This is a 120 unit apartment complex just outside of Dallas. As in every deal, there’s been ups and downs, and the purpose of this episode is to share some valuable lessons for operators and investors alike!
We were supposed to close this deal at the beginning of October, but we’re still going back and forth with the bank. So what happened?
First of all, banks are now aware there might be tumultuous market times ahead. This is why we’ve all been going double and triple checks to make sure everyone’s capital is safe.
Another aspect of this deal is arranging rules around occupancy and making sure the new tenants are meeting our parameters. We’ve been going over some of these with our seller and lender, and we learned some important things in the process.
We also want to offer a glimpse into our relationship with new tenants, the way we run our buildings, and how our deals benefit different non-profits we support. As an investment company we are financially driven, but investing with purpose also means making a positive impact in our communities!
Key takeaways
Additional resources
Take charge of your financial future and visit Free From Wall Street to learn about five things that your financial advisor didn’t tell you!
Visit Integrity Holdings Group to learn more about our real estate investments and the non-profits we help!
🎧 Subscribe to the podcast: https://bit.ly/ffws-podcast
🤝 Connect with Steven: https://bit.ly/steven-libman
💰 Start investing with purpose: https://bit.ly/integrityhg
