A MULTI BILLION DOLLAR PROBLEM
- US banks have over 1.5 trillion dollars of debt in commercial real estate set to mature in 2025
- About 20% of those mortgages will not be able to refi or make their balloon payments
- Banks will have to to foreclose
- Foreclosure means opportunity for Investors
TACTICAL OPPORTUNITY
In a business or investment context, "tactical opportunities" refers to short-term, specific, and often unexpected chances to gain an advantage or profit, typically involving quick and decisive action.
CURRENT PROJECT
70 unit apartment complex in Lubbock Texas:
- Acquisition cost : $2.4M
- Repairs and renovation : $1.1M (contractor's quotation)
- After Repair Value : $7M
- Current occupancy : 44%
- Value add :
- Renovate and update units to increase rent to current market prices
- Renovate current and add a second coin laundry room
Adrian Bacchus
https://www.linkedin.com/in/adrian-bacchus-8047764/Business management professional with extensive experience in real estate. He spent the last twenty years working in sales between South Florida and South America. The earlier part of his career was focused on pharmacy and hospital supplies working with a global multinational in the HBA space. After which he transitioned to real estate sales in 2010 working with Coldwell Banker and The Keyes Company of South Florida until 2019 .
At the moment he is in Guyana where the new oil and gas discoveries are happening with Exxon Mobil. He advises on real estate acquisition, raising capital and business development.
His business philosophy revolves around creating competitive advantage by refining three key areas - people, product and process.
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