What makes us different
Discipline
90% of deals are
within unique
defined
buy box-
10%
opportunistic
Focus on Value-Added
Deals
We don't avoid rehabs that need foundation work/expansions or projects that require utilities added. Additionally, we look for land deals to add new home(s).
Market Rent
All deals must have
market rent that
would
allow a conversion to
rental.
Rent should cover
or come close
to
covering the debt service.
Focus on Traditional and
Non-Traditional FHA Product
Including manufactured
homes at
lower price
points. These price points
are materially less affected
by the
current economic
issues.
B and C Markets
Focus on B and C markets
( its where
the lower priced
homes are located)
Reputation for Closing Deals
Acquisitions are highly
relationship
based. When we
commit, we close.
Acquisition
team has more than 10,000
transactions behind them.
Leverage
Hard money leverage
8-10% interest
1-2 points
12-month terms with 6 months extension
Leverage increases cash on cash returns
Geography
California with focus on Riverside, San Bernardino, San Diego, Los Angeles and Ventura County
Expansion planed for the
central valley 2023/2024
Investor returns
Management team has over
10,000 real
estate transactions
by majority Fix / Flip
Focus on low-end price
points reduces per
acquisition equity need
and minimizes resale
risks in volatile market
Returns are the most
consistent and
strongest
when compared of all
borrowers from a major
hard money
lender
Strong cap
rates/rent multiples benefit
conversion if unit lags
on resale market
Investor returns are
targets to be 15%
and
historic numbers in a similar
fund
and actual IRR are
above that
expectation
Immediate horizon
FIX AND FLIP
Buying the lower end of California real estate. Buying to sell under FHA guidelines (562k for most counties) and in many cases being materially under that exit price. Large percentage of Manufactured homes on owned land.
LAND DEVELOPMENT
Opportunistically buying vacant land for MFG homes or adding ADU units to an existing homesite. Considered land development when entitlements are needed.
BUY AND HOLD
Converting flips to long term rentals. Most will be in excess of 8% caps with built in equity. By refinancing a flip with long term debt, we can recover the equity in the deal and hold these deals long term. We can also go back and add additional units/ADUs to the owned properties to increase portfolio cash flows.
Development Team
SVEN SJODIN
CEO - Investor Relations
Sven has been working in ground up construction at a very large scale for 30+ years. He has
personally overseen all Carlisle managed construction projects valued at over $30MM. He oversees
all cost control, budget and project management at Carlisle Properties.
TONY HERSHMAN
COO - Acquisitions Manager - Construction Management
Mr. Hershman completed his first real estate development project in 1979. He has spent more
than 35 years in real estate development including running one of the largest distressed property
funds in southern California. Tony underwrote, bought, managed and sold a portfolio with a current
value of over $750,000,000 and has completed over 10,000 transactions in his career. He has
worked extensively with investors, venture capital, equity investors and lenders. He has a diverse
knowledge of all types of commercial and residential real estate transactions and has held a California
real estate license for 25 years.
Tony Hershman
CA BRE#01352512
805-402-8644
DAVID SPANGLER
Investor Relations
Hailing from the Midwest, where contracts are one page and a handshake, David has customized that honest approach with personable, ever-sharpening business acumen to build a successful real estate career. Relocating to Los Angeles in 1997, he has served as a Realtor & Investment Consultant since 2002, solidifying a strong network of clients, developers and investors with sizeable liquidity and conducting traditional real estate transactions. Most recently, David helped manage the realty division for Strategic Acquisitions, Inc., a 40-year juggernaut of trustee sale buying and residential flipping in Los Angeles County. He was the lead listing and selling agent, personally responsible for nearly 500 escrow sales.
With a Business Marketing degree from the University of Missouri-Columbia, David honed his skills in various capacities as a merchandise buyer, wine broker, catalog manager, A&R representative, and recording artist. As a professional musician, negotiating deals and record contracts were prime exposure for him at age 23. He now utilizes his valuable past experiences to the advantage of his clients today, and prides himself on being adaptable to all situations and personalities - which is essential to doing business in the Southern California area markets.
MICHAEL RODGERS
Investor Relations
Michael has 20 years of Operations and Management experience, where he has directly managed a wide variety of construction projects. Many of our clients will attest that Michael is a team player and understands the importance of getting results. Michaels's hands-on involvement induces overseeing virtually every facet of ongoing construction. as varied as onboarding and negotiations. Managing project timelines, schedules, compliance with building and safety codes, permitting training, and virtually anything related to day-to-day construction management.