I am seeking a lender who'd be interested in providing a $1,1 million loan on an undervalued assisted living portfolio located in southern Georgia. The project is a lease up from about 50% occupancy. It is in a good market, but the operation has been neglected for quite some time and they have not done any sales and marketing for several years. It was recently appraised at $2,4 million. The portfolio is being acquired by a competent team with over 200 years of experience and numerous other similar projects for reference. We estimate to reach 90+% occupancy in###-###-#### equating to an NOI of about $800,000. Looking to close in June-July.
If you are interested please contact me at --@----.com
Searching Lender for Undervalued Real Estate
by a searcher from University of Tromsø
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