512 and 516 Reinerman Townhome development
516 Reinerman Street Houston, TX 77007
512 and 516 Reinerman
512 and 516 Reinerman Townhome Development Project
DMAC Capital Funding, LLC (GP) is developing two townhome units located at 512 and 516 Reinerman. DMAC Acquired these lots October 2021 and will start construction June of 2021.
DMAC is looking for investor partners to provide debt to finanace the construction cost and pay off the current construction loan balance of $380k. The remaing balance will be used to construct the two units at 700k each. We are offering to pay a 12% annualized return for $1,800,000 mill to investors.
DMAC Capital funding has Pre-sold 516 Reinerman St. with a fully executed contract for $1,399,000 mill. We also have potential buyers in negotiations for 512 Reinerman. We anticipate completion in Nov 2021 and units sold by then. ALthough we are offering this on a 12 month note. It appears the units 512 Reinerman will be sold by then as well. So pay out should be within a projected 9 months.
|Form of Security||Debt|
DMAC Capital Funding, LLC
About DMAC Capital Funding, LLC is a Real Estate investment company that buys and invest in income producing assets, such as origination of hard money bridge loans, multifamily ground up or existing assets. Residential development. The company is ran by seasoned real estate professionals with a combined 50 years of experience in Development, construction, sales, investing and finance. Begining with the President Danny Mckinney who has over 30 years.
Daniel Mckinney, J.D.
• Mckinney has been an entrepreneur for over 30 years in the area of commercial and residential real estate sales, finance, construction and development. Mckinney has started and successfully ran several businesses. In 1996 to present, Mckinney was the founder, President of McKinney Real Estate & Investment Co, where he is the Broker/Owner and managed sales team of agents that listed and/or sold over 350 million in residential and commercial real estate over the last 26 years. Daniel has personally bought over 20 million in commercial and residential real estate. Mckinney has bought and managed over 300 apartments units.
• Also in 1996, Mckinney formed and is currently President of Diversified Home Mortgage, Inc. License NMLS #1483210, a lending division of Mckinney Real Estate & Investment Co. Mckinney and his lending team of loan originators managed, originated and closed over 350 million dollars in residential, commercial and constructions mortgage loans over a 25-year period. As a licensed mortgage Banker/Broker and correspondent lender, Daniel and his team are a decorated top producer and originator for companies such as Carrington, A & D Mortgage and Franklin Bank. Daniel formally managed a warehouse line of 2 million with Franklin Bank.
• In 2003 to 2007 Daniel formed Momentum Home Builders LLC where he managed and supervised Residential and commercial construction and sales. Daniel designed, constructed and sold several residential homes, as well as custom homes in Houston and surrounding areas. Mckinney Currently develops and builds with his current company DMAC Capital Funding, LLC. He has projects currently under construction. DMAC Capital Funding, manages a mortgage pool fund, DMAC CAP FUND I which is a REG D Fund to provide bridge lending for Small balance income producing commercial real estate. DMAC Capital Funding also is launching other funds for real estate income producing projects and opportunities.
• Mckinney currently invests in distressed commercial and residential properties to, wholesale as well as fix and flip. Mckinney manages $2.000,000 in private funds from his list of private lenders. Those funds as used to purchase single family homes to rehab and resale. Mckinney provides his clients on an average 15 percent return on their money. Mckinney also is a commercial private money broker. Providing Bridge lending for commercial income producing properties starting at $2 million to $50 million. McKinney holds a Juris Doctorate degree in Law from Texas Southern University-Thurgood Marshall School of Law 96’, and BS in Business Finance from Huston-Tillotson University 88’. Former Executive board member of Houston Real Estate Association. Daniel has been a member of the National Association, Texas Association and Houston Association of Realtors for 26 years.
12% annualized return
Once properties are sold we will return LP investors principle and profit of 10% to them within 12 months.
|Development Construction cost||$1,800,000|
Market Insite Report
The consumers and a willing buyer determines the market. 516 Reinerman St is pre-sold. We have received a fully executed contract with a 50k deposit for that unit. We are currently in negotiations for the sale of 512 Reinerman St. Prior to construction. This Home Product is highly attractive to buyers in that area.
Here is a market insight report: Reinerman Market Insight Report
Frequently Asked Questions
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