Brian Eustis
Portland, OR (USA)
Role(s):
Founder/Owner/Principal
Affinity Realty
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Startup
Location:
Portland
Industry:
Real Estate
Year Founded:
2004
Number Employees:
1-10 people
Description:
We have under contract a 128 unit apartment complex. Highlights of contract include a seller financed second of nearly 60% of the purchase price at no interest, no balloon and a 30 year amortization. We are negotiating with the underlying not holder for a long term first. We need one million dollars to pay off all monies currently in arrears on the property, pay one years PITI in advance and fix the property. At current market rents and vacancy this property cash flows $500K+ per year. The property is NOT located in Portland Oregon.