Katy Freeway
The BluePrint · 116 Apartments Planned
15405 Katy Freeway, Houston, TX 77094
“We want to put together a deal an investor can buy and finish.”
Three parties stand between us and the building.
Click each one to see why they matter. All three must be dealt with for a clean sale.
The bank is still owed a lot of money.
The owners borrowed money using the property. The loan has not been paid off, and the amount grows each day.
$10,159,696.18
$1,886.49/ day
NoteWe need a new written amount from the bank to know the exact number today.
Add up everything the sellers want.
Click each amount to drop it into the total. This is what the seller's package asks for — we have not agreed to pay it.
This is what the seller's package asks for. We have not agreed to pay it.
NoteThese are the amounts listed in the seller's package — not a price we have accepted.
Buying it is only half the money.
The building must also be changed from a hotel into apartments. Reveal each cost one at a time.
NoteThe repair budget has not been confirmed. Mold could make the work cost more.
What if the bank takes less?
We ask the bank if it will take less money to close the loan. We also ask the owners what they would accept to sell.
NoteThe $7.5M and $400K are example numbers only. No one has agreed to them.
Click each amount to build our price.
If everyone agrees in writing, this could be the price we bring to an investor.
If everyone agrees in writing, this could be the price we bring to an investor.
NoteThe $100K is a planning allowance. Real closing costs must be checked.
The investor pays a little more than our price.
We bring the deal together. The investor brings the money and buys the property.
NoteThe fee is not guaranteed. An attorney, lender, and title company must approve the contract and closing structure.
The investor checks money out and money in.
The investor needs enough room to pay for the work, handle surprises, and still make money.
NoteThe rent, repair costs, and future value are not yet proven.
Six steps from proof to payday.
Tap each step to mark it. This is the path to a deal that works.
The simple deal story
NoteWe do not have to wait until the property is under contract to start building the buyer list. Buyer outreach can begin while the bank and owner negotiations are still happening.
Find investors who buy buildings like this. Show them the opportunity, learn what price works for them, and help bring the right buyer to closing.
The team
“We do not need to own the apartments. We need to put together a deal that works.”
The BluePrint · Katy Freeway