Distressed Apartment Complexes

Purchasing, Renovation and Management

Lavish Holding Corporation's ("LHC") investment focus is on distressed apartment communities nationwide.

What is a "distressed" community?

  • Short Sale/Foreclosure
  • REO/Bank-Owned
  • Property in need of moderate to extensive capital expenditures
  • Moderate or low occupancy level in comparison to other complexes in the immediate vicinity

Acquisition Guidelines:

  • Individual assets to large portfolios
  • Value-added
  • 100 units minimum in nationwide urban or suburban locations
  • Class B or C assets
  • Garden style or mid-rise apartment communities
  • Safe neighborhoods for families and children
  • High occupancy levels in surrounding communities
  • Strong local growth rates, unemployment rates, income and demographic information, and rental vs. home ownership ratios

The Lavish Process:

Once an apartment community has been identified and selected with a project investor, the due diligence process is efficiently and swiftly expedited, the asset is purchased all-cash, and the renovation and rehabilitation process commences immediately. Through decades of relationships and innovative construction strategies, LHC experiences savings up to 30% on construction and labor costs versus their closest competitors. Upon completion of construction, LHC management experts work diligently to drive the property to a minimum of 80% occupancy over a period of several months prior to acquiring a loan equal to 75% of the property value. LHC is able to consistently achieve cap rates between 12-15%, enjoying even greater cash-on-cash returns.

FEATURED PROPERTIES

  • Water's Edge Townhomes

    Water's Edge Townhomes
    • Fort Lauderdale, FL
      Intra-Coastal
      New Construction
  • Tarpon River Townhomes

    Tarpon River Townhomes
    Fort Lauderdale, FL
    Waterfront
    New Construction
  • Grand Oaks Custom Home

    Grand Oaks
    Davie, FL
    5,000+/- Sq.Ft.
    New Construction
  • Plantation Acres Custom Home

    Plantation Acres
    Plantation, FL
    5,000+/- Sq.Ft. 
    New Construction
  • Victoria Park Townhomes

    Victoria Park Townhomes
    Fort Lauderdale, FL
    Luxury Townhomes
    New Construction