Transforming Underutilized Industrial Flex Space into A Profitable Investment
Property: 42 West
Situation
Off-market industrial flex space units with:
- Buildings: 57,000 sq. ft
- Vacant development land: 86,000 sq. ft
- Leased parking lot ground: 61,250 sq. ft
- 12 fully occupied units with quality tenants
Solution
Market analysis: assessed market value and demand
Lease renegotiations with tenants: raised rental rates to market levels
Value-added development: sold excess land, returning capital
Result
Increased Rental Income:
- Rental rates aligned with market levels
- Improved overall cash flow
Improved Investment Returns:
- Maximized income potential
- Enhanced profitability
Capital Return through Land Sale:
- Sold excess land, returning capital
- Eliminated development costs & risks
Enhanced Property Value:
- Optimized property use
- Increased overall value
24-unit Multi-family Complex Redevelopment In Florida
Bluewater Bay
Situation
Redevelopment project for a 24-unit multi-family complex in FL
Required financing for renovation and modernization
Solution
Diverse Lenders: Leveraged diverse lenders, exploring tailored financing options
Market Analysis: Analyzed specialized FL redevelopment programs for eligibility and terms
Comprehensive execution: Prepared comprehensive loan application with project plans and budgets
Result
Successful Financing Acquisition:
- Secured suitable financing program
- Obtained capital for effective project execution
Property Value Enhancement
- Completed redevelopment increased property value
- Attracted tenants and generated favorable returns
Redevelopment Project Execution
- Commenced renovation as planned
- Enhanced complex's appeal, functionality, and value
Closing Median Income for A Multi-family Development
Winfield Residences
Situation
Multi-family development project
Required a $15,600,416 construction loan
Solution
Comprehensive Project Planning: Detailed project plans and necessary documentation prepared
Careful Lender Evaluation: Thoroughly evaluated lenders with collaboration from financial advisors and real estate professionals.
Streamlined Loan Application Process: Prepared and submitted a comprehensive loan application with regular communication and collaboration with the lender.
Result
Funding Acquisition:
- Successfully secured $15,600,416 construction loan
Improved Investment Returns:
- Smooth progress within expected timeframes.
Project Completion & Value Creation:
- New residential complex delivered, meeting market demand.
- Enhanced value for developer and community