EPISODE · Aug 21, 2023 · 31 MIN
129-Unit The Residence of Discovery Square in Rochester, MN with Elaine Stageberg, Multifamily Investor
from Multifamily Investor Nation
Whitney Elkins-Hutten of PassiveInvesting.com interviews Elaine Stageberg, co-founder of Black Swan Real Estate, about her acquisition of the 129-Unit The Residence of Discovery Square in Rochester, MN. She dives into the intricate world of due diligence, value-add strategies, and the art of adaptive transformation, turning struggling commercial spaces into thriving residential havens. Throughout the episode, Elaine discusses the complexities, challenges, and triumphant moments of orchestrating a multifaceted deal that involves bank loan assumptions, securing favorable interest rates, and structuring financing to optimize the balance between risk and returns. She also reveals the nuances of effective capital raising techniques, meticulous risk management strategies, and the importance of fostering strong relationships within the real estate industry. Tune in to learn more about the intricacies behind the journey of the 129-unit Residence of Discovery Square and the strategic brilliance that propelled its success.Accredited investor? Explore our Real Estate Debt Fund targeting 8%-10% annual returns. $600mil+ in loans originated since 2020. Learn more at PassiveInvesting.com.Accredited investor? Explore our Real Estate Debt Fund targeting 8%-10% annual returns. $600mil+ in loans originated since 2020. Learn more at PassiveInvesting.com.
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129-Unit The Residence of Discovery Square in Rochester, MN with Elaine Stageberg, Multifamily Investor
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