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1 How To Replace A $100,000+ Salary Within 6 MONTHS Through Buying A Small Business w/ Alex Kamenca & Carley Mitus 57:50
#541: The $31M Solution for the Forgotten Middle: Affordable Workforce Housing
Manage episode 455176269 series 1509138
Want to learn how to turn a $5/sq ft land deal into a lucrative workforce housing development?
In this episode, Chris Lopez sits down with Adam Fenton of Narrate Holdings to dive deep into a 120-unit ground-up development project in Northern Colorado Springs. Adam reveals how they acquired prime land near a rapidly growing university for a fraction of typical multifamily costs, setting the stage for impressive returns.
Key highlights:
- How they’re targeting the underserved “forgotten middle” with high-quality workforce housing
- The clever architectural choices saved millions in construction costs
- Securing game-changing 40-year fixed rate HUD financing in today’s challenging market
- Projected 7.5% cash-on-cash returns and mid-20s IRR
Adam breaks down the full pro forma, sharing invaluable insights on unit mix, income projections, operating expenses, and exit strategies. Whether you’re a seasoned developer or just getting started, this episode offers a masterclass in identifying opportunities and executing profitable multifamily projects in any market conditions.
Don’t miss this inside look at a deal poised to deliver both strong investor returns and much-needed housing for working families!
Timestamps
(01:13) Location and Business Plan of the Development
(03:28) Acquiring the Land and Financing the Project
(07:24) Architectural Design and Unit Mix
(12:19) Analyzing Costs and Projected Returns
(23:40) Workforce Development Project Exit
Links to Podcast
Interested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Who is Narrate Holdings?
Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
304 tập
Manage episode 455176269 series 1509138
Want to learn how to turn a $5/sq ft land deal into a lucrative workforce housing development?
In this episode, Chris Lopez sits down with Adam Fenton of Narrate Holdings to dive deep into a 120-unit ground-up development project in Northern Colorado Springs. Adam reveals how they acquired prime land near a rapidly growing university for a fraction of typical multifamily costs, setting the stage for impressive returns.
Key highlights:
- How they’re targeting the underserved “forgotten middle” with high-quality workforce housing
- The clever architectural choices saved millions in construction costs
- Securing game-changing 40-year fixed rate HUD financing in today’s challenging market
- Projected 7.5% cash-on-cash returns and mid-20s IRR
Adam breaks down the full pro forma, sharing invaluable insights on unit mix, income projections, operating expenses, and exit strategies. Whether you’re a seasoned developer or just getting started, this episode offers a masterclass in identifying opportunities and executing profitable multifamily projects in any market conditions.
Don’t miss this inside look at a deal poised to deliver both strong investor returns and much-needed housing for working families!
Timestamps
(01:13) Location and Business Plan of the Development
(03:28) Acquiring the Land and Financing the Project
(07:24) Architectural Design and Unit Mix
(12:19) Analyzing Costs and Projected Returns
(23:40) Workforce Development Project Exit
Links to Podcast
Interested in learning more about Narrate?
Schedule a call with our team here
Visit Narrate Holdings Website
Check out our other Narrate podcasts:
Episode 501: Real Estate Development from Concept to Reality | Deal Analysis
Who is Narrate Holdings?
Narrate is a Denver-based firm specializing in the investment and development of urban-infill multifamily and mixed-use real estate in major metropolitan markets throughout the Western U.S. They ensure that each project, created to collaborate community, culture, and commerce, delivers enduring value to its local environment.
Narrate’s portfolio includes a diversified mix of ground-up development, existing value-add, and adaptive reuse properties. Our investment thesis relies on patience and discipline, focusing exclusively on well-located but underperforming assets that offer immediate value creation and long-term stability.
Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.
304 tập
Todos os episódios
×1 #544: My Business Growth Strategy For Colorado Real Estate in 2025 18:05
1 #543: Syndications Made Simple (How to Join Big Real Estate Projects) 1:24:25
1 #542: Denver Listings Drop 41% (Warning Signs Ahead?) 39:26
1 #541: The $31M Solution for the Forgotten Middle: Affordable Workforce Housing 32:20
1 #540: My 2025 Goals for Greater Investment Returns (with LESS Work) 15:31
1 #539: Red River Development Shows Why Every Deal Needs a Plan B 14:29
1 #538: How to House Hack a Property from a 3% Cap Rate to Cash Flowing Asset 36:38
1 #537: The Unusual Denver Fourplex That Creates $3K in Monthly Cashflow 48:48
1 #536: Why Denver Rents Are Dropping 7.5% (And What It Means For Investors) 33:26
1 #535: Why 'Boring' Wealth Building Actually Works | A Financial Expert Explains 1:14:15
1 #534: BRRRR Strategy Dead? Lender Exposes New Real Estate Investing Trends 48:13
1 #533: How to Slash Colorado Property Insurance Premiums| Colorado Market Updates 37:16
1 #530: What Denver Real Estate Investors Need to Know for 2025 22:13
1 #529: From Injured Firefighter to Financial Independence (And How You Can Do It Too) 31:22
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