1201 E Moreland St

Overview

This is a recently completed five-unit multifamily property in Central Phoenix, ideally positioned near downtown and the medical corridor. A significant construction and renovation project has transformed the property into an updated, versatile asset with modern finishes and multiple rental configurations. With construction now complete, the opportunity is to bridge the property from construction financing into its next phase. The primary challenge has been finding a traditional refinance structure/product that fits the completed unit configuration (and not the quality or value of the underlying asset). A recent third-party appraisal valued the property at $1.335M. We are seeking a first-position private lender to replace the existing construction financing and provide the runway to stabilize the property while pursuing a longer-term refinance or sale. This presents an opportunity for the right investor to participate in a completed, real estate asset with a recent appraisal, meaningful collateral value, multiple income-producing units, and a defined exit strategy, without taking on construction or development risk.

Property details

Purchase price

$358,000

Rehab costs

$350,000

After repair value

$1,335,000

Borrower cash in deal

$350,000

Units

5