Arranged LP Equity for a value-add multifamily transaction in Bronx, NY
The sponsor purchased the asset in 2018 and invested capex through a two-phase value add strategy. The asset was delivered vacant. Sponsor plans on gut renovating the asset and stabilizing through a cash-out refinance. This was a great opportunity for an Investor to diversify their investment profile and allocate an investment for 3x multiple on cash investment.
Jafri Capital arranged the transaction through a Domestic High Net Worth Investor and a New York Real Estate Family Office who has over 30 Years of experience with a portfolio including 15 assets across the 5 boroughs.
Arranged LP Equity for stabilized multifamily asset in Stamford, CT
The asset is fully stabilized and has a past 5-Year occupancy of above 95%. We saw an opportunity to put an LP investor into a cash flowing asset with double digit cash on cash annual returns.
Jafri Capital arranged the transaction through an International High Net Worth Investor and a New York based Real Estate Investment Group that Own/Operates 400 Units.
Arranged LP Equity for a value-add multifamily transaction in Norwalk, CT
The Sponsor plans to renovate the units and achieve rent bumps. The strong sub market of Fairfield County is one of the most desirable destinations in the country and continues to have significantly high occupancy.
Jafri Capital, LLC arranged the LP equity through an international high net worth individual and a local operator who has over 25 years of experience in Fairfield County.