Sentry focuses primarily on apartment projects with units of between 50 and 100, on the one hand, and between 100 and 500, on the other hand. Sentry also considers commercial and industrial projects, as well as development projects.
In general, the projects Sentry is most interested in have the following characteristics:
Purchase price of project is between $2 million and $50 million.
Project is able to support, with adequate debt service coverage, a first mortgage loan in the amount of 75% to 80% of the purchase price.
The total Equity Contribution ranges from $500,000 to $10 million.
Other than development projects, the project already has a positive or near-positive cash flow, which will be improved significantly in the year after the acquisition.
Project is located within a 2 hour plane ride from Salt Lake City, Utah.
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Real Estate