Create buzz and develop your relationships
-
Reginald Winssinger
- Male
- Phoenix, AZ
- United States
- Viewpoints
- Discussions (1)
- Events
- Groups
- Photos (1)
- Photo Albums
- Videos
Reginald Winssinger's Discussions
Park West Greenville, South Carolina
Investors are looking for cash flow. We have searched long and hard to find a high yield project. We have contracted to buy the Park West Apartments which we are syndicating in tranches of $100,000…Continue
Started Jul 20, 2011
Reginald Winssinger's Page
Latest Activity
Reginald Winssinger posted a statusReginald Winssinger posted a status
Jean-Claude Goldenstein left a comment for Reginald WinssingerProfile Information
- Website of The Organization You Work for (e.g., www.JonesLangLasalle.com)
- www.rwpartners.com
- City, Country (e.g., Tokyo, Japan)
- Phoenix, Arizona
- Profession (or Area of Study)
- Development, Investment, Property/Facility Management
- Wants - What Would You Like from Fellow CREOPoint Members
- Leads, Global Promotion
- Haves - What You Could Offer the Community
- Relationships, Distressed Assets, Capital, New Venture
- Please Insert Your Resume/Credentials/Projects as You See Fit. Hyperlinks to profiles on other sites are not accepted since prospects looking for professionals with your skills would not be able to find you. Also add University and Associations If You'd Like to Reconnect with Friends
- 10 years experience with real estate practice in Brussels, icluding appraisal,construction and management. Came to Phoenix in 1979 to represent European investors in U.S. real estate acquisitions and formed National Portfolio,Inc., a multiple service real estate firm specializingin the acquisition, development, management, land planning and financing of commercial and residential property in the US and Europe.
SpecialtiesAcquisition, development, management, land planning and financing of commercial and residential property in the US and Europe.
- Best Phone Number Including Country Code (if You Wish to Be Contacted by Other Members) and Twitter Account if Any?
- +1 602-852-3401
Park West, Greenville, South Carolina
Investors are looking for cash flow. We have searched long and hard to find a high yield project.
We have contracted to buy the Park West Apartments which we are syndicating in tranches of $100,000 to suit investor’s ability to fund.
Additionally, we have made our first acquisition for which we are raising $2.8M.
Location: Greenville, South Carolina
Purchase Price: $11,000,000
Units: 355
Price Per Unit: $33,400
Current Occupancy: 91%
Existing Loan: $8,000,000
5.6% interest only
Expires 2/11/17
Average Monthly Rental: $487.00
Equity: $3,000,000
Projected Year 1 NOI: $330,000
Cash on Cash: 11%
We believe that the merits of this project are as follows:
1. Excellent leverage at 5.6% interest only for 7 years.
2. Extremely reasonable rental rates averaging $480.00 per month.
3. Low density project with good amenities in a very pleasant environment.
4. Excellent cash on cash return from day one at around 10%.
Reginald Winssinger's Photos
You Could Also Get Unique Insights for Your Business
Do you know what's being said about you online where you are not looking?
You Could Also Get or Share CREOpoint Content in Many Ways
You could also get premium complimentary CREOpoint content delivered directly to your inbox.
We will never sell your email and you may unsubscribe from our e-mail list at any time.
You could also subscribe to our news, or print, share or save CREOpoint content.
© 2012 Created by CREOpoint.
