ACTIVE DEBTCRAFT INVESTMENT OPPORTUNITIES AND PIPELINE PROMOTIONS
Orange County Apartment Acquisition Fund
We represent an active buyer of apartments in all of Orange county; our client pursues high quality product with little deferred maintenance. Cap rate and typical valuations are not central to buying decision; caliber and quality of the assets dictates interest. Price points are between $10mm – $40mm. Super friendly, easygoing and cooperative with all parties.
Flip Line of Credit
September 10 we closed a $5mm flip line of credit, giving our construction borrower capital to expand their acquisition capacity. Properties are located in Texas and California, but our lines of credit are nationwide. Very easy credit qualification with emphasis on skill sets and experience. The lines of credit are perfect for the property flipper who is tired of getting individual loans for individual properties and is looking for a line of credit that allows for immediate purchases and larger buying bandwidth. The qualification process is simple.
We pursue lending and investing opportunities in legal medical marijuana industries in all states in which it is sanctioned and legal. Actively looking for opportunities to joint venture, extend capital and consult. We are particularly interested in real estate-centric deals, while also looking at seed to sale opportunities. Some technology and ancillary opportunities entertained.
Panama Real Estate
We own free and clear 180 acres of ocean view lots and are open to develop, sell all or part to a developer or spec builder. Always interested in creating opportunities with these beautiful tracts of land.
California and Nevada SFR and Land Acquisitions
We are active buyers and represent very quick acquisition closings. Condition of asset is unimportant and price points dictate level of interest. We have bought and sold approximately $4mm in California assets in 2015. We prefer off market, short sales and distress sales where velocity no-nonsense buying is important. We prefer purchase prices between $250k – $2mm. We also are happy to joint venture with folks that need capital to rehab their purchase transactions.
SFR Venture Fund I
20 FREE and CLEAR homes, rehabbed, rented and managed. Sales of the homes will be feathered out over a 12-18 month period, with annualized yield expectations of between 13%-15%. Debtcraft has the ability to create other funds for owners of many individual rental properties that seek to liquidate their inventory while keeping an equity position.
SFR Venture Fund II
A carbon copy of Venture Fund I. All homes are free and clear and owned by limited partners. Sales of these assets expect to occur Spring, 2016. August closing $500,000: 5 working day closing on a 60% LTV in Los Angeles. REAP issues as well as extensive rehab. 1 year note with 9.25% coupon to the borrower.
July closing of a $500k mezzanine piece for class B office building in Los Angeles. 10% coupon, 4 years. This loan was funded in 17 working days. Our agreement was hand crafted since many senior lenders do not allow true, junior debt on their assets. We worked closely with owner’s counsel to craft a legitimate debt piece that did not violate lender covenants while protecting our investor’s capital.
Second Trust Deed
We closed in August a small $60,000 second trust deed in Long beach, Ca to finance a small private raise for a public offering. Combined loan to value was 65%; ordinarily Debtcraft would not entertain such a small debt piece on this type of commercial building, however, we realized that the borrower’s larger plan for his start-up business needed the finish capital to achieve his commercial endeavors.
Grow Operation Finance
We are closing a loan in September 2015 which is a request by a large cannabis operation where the capital is being used for the build-out of a state of the art facility. Our efforts to safely deploy our investor’s capital in legal marijuana opportunities continue to grow.
Valley Office Buildings
Our syndication efforts years ago resulted in ownership of three class A/B properties in Sherman Oaks, Woodland Hills and Agoura Hills with a total net lease area of 225,000 sf. These three assets will soon be quietly promoted and sold off market. Some lease space available in Sherman Oaks and Agoura Hills.
For more information and answers to questions please contact Michael Waldman at 310.621.0092