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CO GP

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QUICKLY QUALIFY FOR A $100M LOAN OR HIGHER

Qualifying for large loans can be difficult when the best deals have the most challenging demands! At Tzadik management, we Co-GP with you to secure the best loan for your multi-family investment. We will work together to get a loan approved using our balance sheet and established credibility. We sign; you qualify. Our real reason for success is you, our partner in the investment for the long haul. Watch the video for more info!

CO-GP Percentage

20-50% CO-GP Depending on lender requirements and deal risk

Requirements Variables:

1- Full Or Partial Guarantee

2- Signing Carve-Outs

3- Completion Guarantee

4- Interest Reserve Guarantee

5- Environmental Guarantee

6- Minimum Net Worth Continual Requirement

7- Minimum Liquidity Requirement

8- Loan Amount

9- Other factors may apply

REPUTATION REFERENCES

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TIM WRIGHT

“I have closed Fannie Mae business and have made offers to them in both Bridge and CMBS loans … the properties they manage perform well. I would be pleased to recommend Tzadik for any Real Estate endeavors or asset acquisitions they may seek.”

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PETER J. BORSTELMANN

“As a CPS3+ Fitch rated servicer of numerous CMBS loans, Bellwether has a long time standing with CMBS lenders and can attest to Tzadik’s stature and history of loan repayment.“

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WILLIAM RUIZ

“Their knowledge of the banking industry, capital markets and overall real estate arena is unparalleled. All transactions I have been involved in with Tzadik have been consummated and expectations met as originally intended.”

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MATTHEW KARP

“Over a compressed schedule, Adam and Tzadik team did an incredible job organizing and closing the transaction. Since closing the deal in August, they have done extraordinarily well managing the properties and executing the business plan”

Case Studies

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Rising Above

MidRise In omaha

Opportunity

City View stood just a short five-minute walk from downtown Omaha.  As the city expanded, new construction surrounded the building.  In 2019, City View was outdated and in need of vast improvements.  This was the perfect opportunity for Tzadik to enter a new market with great potential.  The building’s excellent location, close to universities and large companies, made it an attractive acquisition.

Execution

Following the purchase, Tzadik invested more than $1.2 million to upgrade the common areas, to increase rent margins and improve the resident base.

Outcome
  • Appraised value increased by $4,317,333 after 1 year
  • Increased occupancy from 80% to 95% within 1 year
  • Secured Long term debt within one year of owning the property

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Rising Above

Midrise In Omaha

Opportunity

City View stood just a short five-minute walk from downtown Omaha.  As the city expanded, new construction surrounded the building.  In 2019, City View was outdated and in need of vast improvements.  This was the perfect opportunity for Tzadik to enter a new market with great potential.  The building’s excellent location, close to universities and large companies, made it an attractive acquisition.

Execution

Following the purchase, Tzadik invested more than $1.2 million to upgrade the common areas, to increase rent margins and improve the resident base.

Outcome
  • Appraised value increased by $4,317,333 after 1 year
  • Increased occupancy from 80% to 95% within 1 year
  • Secured long-term debt within one year of owning the property

A Tale of Market Resiliency

South Dakota Acquisitions

Opportunity
We define a Quaternary market as areas with smaller numbers in populations often overlooked, which exhibit accelerated and steady growth, often found in flyover states. Sioux Falls and Rapid City in South Dakota presented double-digit growth and remained stable throughout the 2008 crash.
Execution
Tzadik was able to enter a market that typically favors local buyers, becoming the first group in an area historically owned by single operators. To maximize resources, we created a structured management platform to handle 30+ properties in the region.
Outcome
  • The portfolio was acquired at roughly 80-83% occupancy and was stabilized at 91-94% within 18 months
  • Upgraded replacement items in over 75% of the units to reduce future R&M expenses
  • Successfully exited bridge and stabilized with long-term debt
  • Properties continued to thrive during the 2020 pandemic thanks to a resilient governor

Rising Market

Entering the Bustling Houston Market

Opportunity
The Tzadik team devised a strategy to enter Houston, the fastest growing city in the country. As the city’s economy diversified beyond oil and grew in the healthcare and technology industries, the local multifamily market showed strong appreciation and momentum with occupancy, absorption, rental rates, and job growth on a positive slope year after year.
Execution
Tzadik was able to complete the deal that others could not, due to its size and scope of work. Acquiring a C-class property served as a stepping stone to enter a sought-after market and later expand towards A & B-class properties.
Outcome
  • Stabilized property by increasing occupancy 85% to 95% percent occupancy within 1 year and further increased to 97% at the time of sale (22 months after acquiring).
  • We achieved rent growth of $40-$75/unit along with improved resident retention with our change of management and the property improvements listed below.
  • Completed roughly $7.5M in capital improvements.
  • Upgraded roughly 50% of the units which included new flooring, appliances, doors, plumbing and lighting fixtures
  • Enhanced common area and amenities by adding the following:
    • New painting and landscaping to enhance overall appearance of the property to standout against competing properties in the area
    • New Pool Furniture
    • New deck & grill area
    • Soccer field – repurposed underutilized space
    • Installation of LED light fixtures to improve the sense of safety & security throughout the properties
    • Major asphalt & concrete repairs throughout parking lots

Repositioning Asset Class from Class C to Class B

Asset Class Reposition to Increase Property Value

Opportunity
A 248-unit property located directly on the Halifax River in Daytona Beach, FL, which was formally Eagle Bay Apartments, was a run-down asset near the bottom of its growing market. Delinquency rates were near an all-time high along with an asset that was in an increasingly decaying condition.
Execution
In addition to much-needed capital improvements, a large emphasis was placed on reaching a better demographic of potential residents. New leasing procedures were introduced to help maximize lead potential. A stronger focus was placed on retention and prospect quality, which allowed for a more stable resident base.
Outcome
  • Average occupancy at 95%
  • Rents have raised on average a $100+/door
  • Repositioned from C- to B Class property