Michael Davin
Redondo Beach, CA (USA)
Role(s):
Founder/Owner/Principal
Tallstone Capital
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Startup
Location:
Redondo Beach
Industry:
Real Estate
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
This is a residential foreclosure investment fund designed to acquire homes at a discount to market and rent for an average hold of 48 months.
Target returns are 16.5% IRR and a 75% cash on cash return over the 4 year hold period.
Management has access to discounted acquisition channels not available to the vast majority of real estate investors including trustee sale auctions and HUD First Look programs. Target markets are CA and AZ. Management has operating partners who have acquired over 1,500 foreclosures during the last three years.
An Offering Memorandum is available for review.