Sentell Solutions  - offering 40% return in less than a year to interested investors through our partner program.   line of credit partners have full visibility into the expenses and the progress of the project, and will be in the first group paid back by title at closing.

Summary of the investment - SS is looking for a lump sum or line of credit partner or group of partners in the $100k range to facilitate the gap money needed to complete 3 home restoration projects in the downtown Austin area.    Target goal = minimum $70k but additional funds also qualify as they can be used to pay down prior short term F&F interest loans.    .ROI - 40% of the committed amount returned when the houses are completed within the 12 month target (it is still to my advantage to finish the houses asap, even though the full return is still paid on early completion).    Committed investors will receive the 2nd payback position behind the primary lender and 2nd lien deeds of trust are available upon request.   If we slip beyond 12 months then penalty interest accomodations kick in, and do so again if we haven't sold come 15 months.

Why do you need the money?   Why such a good return?  - I was forced to put my reserve funds and focus on a house when a Partner folded.   It's been difficult but we are near the end of that project.   In the meantime, I risk defaulting on my primary loans for 2 incredible properties and need help.   Quite frankly, I only need the money as a stopgap for the next few months, but because the properties are so potentially valuable I am offering the high return to keep them on track.    I can't risk losing the properties, but I also can't lose focus on the operational side of the work I have in front of me.   Traditional hard money lenders offer "15%" but that comes with closing points against the total value of the property!   (so this smaller but more lucrative deal, perspectively, makes much more sense for me --- and you).

The nuts (and bolts)...

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 Here is a  video from the Statesman  exactly one year prior to this recognition.    Currently I'm in talks with preservation groups to help ease the pains of gentrification by funding rehab for existing homeowners.  This also helps save old homes against the forces of record breaking demolitions.

Here is a video from the Statesman exactly one year prior to this recognition.    Currently I'm in talks with preservation groups to help ease the pains of gentrification by funding rehab for existing homeowners.  This also helps save old homes against the forces of record breaking demolitions.

Security in your investment:

  • Solid properties with plenty of "give" in the forecasts.   It's easy for a builder to be $100k off in estimates for 3 houses, but $750k estimated profit is a safe buffer for those that worry about the houses losing money.
  • Secondary lien deeds of trust are optionally available once you reach $30k commitment.
  • All investors will be listed in a joint venture agreement in an ordered list of payback based on date of investment.    You will receive a promissory note and a JV agreement detailing the escrow account and your payback terms.   

Detailed details: 40% of the committed amount regardless of time to complete the houses (it is still to my advantage to finish the houses asap, however even if it is finished and sold in 6 months, the full 40% is paid out at the closing table along with the principal.    Committed investors will receive the 2nd payback position behind the primary lender and 2nd lien deeds of trust are available upon request.

To compete in the Austin market, we find exceptional properties that are challenging to build but yield uniquely valuable results.   The estimated sales prices below are based off of comps in the area as well as investor and realtor feedback.

  The 2 properties backing your investment   ..... and their costs and sales ESTIMATIONS (based on market comps and design plans).   Notice the cushion we have in that estimated sales range.  This also explains my willingness to provide these great rates.

The 2 properties backing your investment

..... and their costs and sales ESTIMATIONS (based on market comps and design plans).   Notice the cushion we have in that estimated sales range.  This also explains my willingness to provide these great rates.

Partners in this investment not only get a great return for a super cool cause, but they will have the option of continued investment with me in 2019 as I roll a projected $700k profit in 2018 into three super exciting 2019 projects that are currently projecting at over $9 million in sales.   Per our mission these will be a unique standard bearer of preservation and re-use/recycle combined with daringly whimsical design features that reel in the individualist home buyers.  

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You are part of the team...

 

We want to give you access to the data and our knowledge - the plans & designs, the status of the build, and the projected stats for your money. Updates are pushed weekly, but state data is always available to pull down as well.  And if you are an active investor of any $$ amount, you get invited to our house closing dinner parties!  

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Our most recent..

2 houses on the market now at 901 Spence St - a renovation of a 1919 classic and the hip back house with rooftop deck (not pictured) and open spaces.

FINALLY......

.. the end of this pitch is finally here, but there is a solid Q&A section below.   If you have more questions or need detailed numbers please don't hesitate to ask.   Our focus on the restoration of older homes is super rare in the blast fast Austin environment right now.   I am amazed constantly by the early century craftsmanship and artistry, and I love being able to contribute a small bit towards saving a bit of this history.   My data is solid and so is my process to complete these builds successfully.   Consider my offer as not only a good return on your dollar, but also a safe, secure, and potentially fun and rewarding backing of something unique and beneficial.  

Ryan Gullahorn      www.sentellsolutions.com     512-750-7503     ryan@gullahorn.com

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General status of the houses up for investment

Both are ready for framing and have the credit to carry us immediately though framing. We’ll hit the gas once we find the investment team to get us through where the draws can take over.

What permits do you already have and which are still needed?

We have the permits for both primary houses at Peoples and Upland, and we have an initial plan approval for the backhouse of upland. It can go through expedited permitting and is ready to turn over to the architect once funded (It is already trough the design phase, it just needs the official touching up).

Total debt including loans

For all the houses and operational costs, SS currently has 2 types of loan debt. The hard money loans we used for acquisition and those are described in detail with each house.
Other loans were F&F loans we picked up when we needed to accept the Spence deed as a form of payment from a former partner. Those loans were general pool and have been split into 3 categories – Operations (general SS), Spence, and Upland.

Current interest and expenses debt, loans outstanding, loand due, total debt incurred, total draws pulled, total draws left, etc...

see image.

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What expenses are connected to the house now? Interest? Electric etc? Large Dumpster? Everything!

details coming soon, very soon.

What has been done on the house so far and how much has been taken out on draws?

details coming soon, very soon.

What follows the investment

details coming soon, very soon.

How much $ do you need - and what would it go for - in order to get the next draw.

details coming soon, very soon.

How much more money will you need from other investors to carry this project to completion?

details coming soon, very soon.

Do you have a project manager who is committed to stay til the end?

details coming soon, very soon.

I heard a 2nd lien doesn't mean anything. Doesn't it all go to the primary lender?

2nd lien - all houses that go to foreclosure are put up at auction. these houses should be well above their 1st lien amount at time of foreclosure god forbid (not gonna happen). so the 1st lien gets their amount and then the 2nd lien gets theirs. the only disaster is a foreclosure taking place in the next 2 months.

FUTURE SPENDS WILL BE IN THE FORTHCOMING EMAIL