Sunday, March 21, 2010

Distressed Multifamily Apartments Wanted!

Home Land Investment Properties Inc. is seeking distressed multifamily properties and apartment complexes in the greater Seattle area. We prefer close-in neighborhoods of Green Lake, Ballard, Lake Union, Fremont, Eastlake, University District, Queen Anne, Madrona, Leschi, Central District, Madison, First Hill, Capitol Hill – basically from downtown Seattle up to Northgate.

Speciifically, we are seeking 5-25 unit multifamily properties, and mixed use properties with ground floor commercial and apartments above. We are looking for SERIOUS sellers and DISTRESSED properties, that are either below 90% occupancy or in need of significant rehabilitation. The seller may be retiring and looking for a quick sale, is tired of managing, or has poor management in place. Units may be outdated, and in need of major upgrades or repairs.

We are looking for properties with seller financing terms. We are looking for sellers willing to carry a 1st or 2nd mortgage, with a balloon payment after a minimum of five years. If this sounds like a good fit for you, please contact us at

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