Multifamily Investment Criteria

Greywhale Capital invests in West Michigan value-add multifamily. We look for off-market opportunities and welcome working directly with brokers and owners on creative financing options.

If you have an off-market opportunity that you feel fits our criteria, please see our “Incentive Program” below.

 

  • Property Type: Apartments (garden style, townhome) unit count 20-150.

  • Class: B to C+

  • Markets: West Michigan

  • Location: within a 30 mile radius of Grand Rapids (i.e. Wyoming, Kentwood, Grandville, Lowell, Rockford, Holland)

  • Pricing: 2M to 15M

  • Strategy:

    • Value-Add: Clear upgrade path through interior and exterior renovation.

    • Distressed: Operational challenges including occupancy issues, crime, delinquency, rental certificate compliance, etc.

  • Mix: limited to no studios, majority of 2 bedrooms preferred

  • Vintage: 1970’s or newer

  • Investment Structure: All cash to seller, loan assumption, seller financing

 

Incentive Program

 

If you have a deal that is truly off-market, that fits the above criteria, we want to see it.

We welcome meeting go-getters who can increase our deal flow.

Have a good deal you want us to check out?