In this brief meeting, the participants review a potential real estate acquisition in Melbourne, Florida, estimating an after‑repair value (ARV) of $6‑7 million and discussing the need for a creatively structured $5 million acquisition loan, possibly involving owner financing to manage upfront costs. They coordinate follow‑up calls with the seller, confirm outreach to a Salt River property previously mentioned, and set tentative timelines for closing, aiming for the last week of May. The conversation concludes with a request to pull up the Deal Hunter platform to discuss a forthcoming deal involving a precast concrete company, indicating ongoing pipeline development.
Chapters
As a matter of fact, we are going to go through. So this. This is just showing people the deal room. And if you get deals as far as like a more. If a more was to say get a deal like we looked at yesterday over there in Melbourne, Florida, which I want to go deeper on that with you more and see if we can't make a phone call to that seller and kind of see where we're at, what we can do. You know, if it's owner financing involved, it's worth getting into because our upfront costs keep us in that realm. Like, what we looked at and discovered was there's a high possibility the ARV on that place is going to be around 6, $7 million. Right. And so we might have to set it up where we go after a $5 million loan, acquisition loan. But the way to get there has to be creatively structured.
So I talked to them yesterday after that call, so hope to hear back. We also send it to that Salt river one that you said you like, the courtyard or whatever. So, yeah, Salt.
River one wasn't bad. Yeah.
Okay. So hopefully we will be able to. They're working on, like, I asked them for just two dates the week before that and the week that you said just so that we can have. Yeah.
Like, let's just figure, like, even if we end up at the last week of May, like, at this point, let's find the place that's going to be perfect. Got the setup right and everything else. We'll figure out the time at that point and kind of let it dictate us to that level.
Okay. I called them yesterday, so we should hopefully hear something. But I'll try to keep calling them today to make sure.
Perfect. Katherine, do you want to pull up the deal hunter now and share the screen on that? I want to talk about the deal we're getting ready to do with that precast concrete company.
