GREEN TREE PLACE APARTMENTS
THIS PAGE DISCUSSES ALL DETAILS PERTINENT TO THE DEAL AND GIVES LIVE UPDATES ABOUT THE CLOSING PROCESS.
NOTE: THIS PAGE IS ONLY INTENDED FOR KEY PARTNERS AND DOES NOT CONSTITUTE AN OFFER
IMPORTANT VIDEOS ABOUT THE DEAL
Introduction to Green Tree Apartments
Josh Welch,
Founder Lucas Fertitta, Director of Acquisitions
Due Diligence
Three Pillars team conducts inspection, due diligence and unit walk through
Key Partner Selection Discussion
Rehab Example
A glimpse into a previous rehab project
KEY PARTNERS
We will allow select individuals to be given the opportunity to be selected as Key Partners on this deal. As those selections are made, they will be added here. This is the fastest way for the key partners to get a deal done, build their track record and credibility (read more on Become a Partner page).
We want to make sure that those individuals who are ready to do a deal done get a fair chance. The number of applications has been high, so the selection process takes time.
PLAYERS INVOLVED IN DEAL
Mortgage Lender: CBRE
Lender: The Bancorp Bank (bridge) and then Freddie Mac
Terms: 3 years interest only with two 1-year options, 30 year amortization, Libor + 325 basis points
Construction Manager: Cody Spinks, Three Pillars Capital Group
Property Management: Greenline Apartment Management
Co-GPs:
LIVE UPDATES/TIMELINE
07/30/2019-TPCG preparing to go under to purchase Green Tree Apartments
08/21/2019-TPCG is under contract to buy Green Tree!
08/25/2019-Attorneys have finalized the paperwork!
08/26/2019-TPCG has conducted building due diligence
08/28/2019-Financial due diligence is on-going and going well