180-Unit Holly Oaks And Plantation Station In Temple, TX With Culby Culbertson, Apartment Syndicator
Whitney Elkins-Hutten interviews Culby Culbertson about his journey of reviving the 180-unit Holly Oaks and Plantation Station in Temple, TX. He walks through the meticulous due diligence process and shares insights from both the sellers' and brokers’ ends. From comprehensive property visits to plumbing inspections, he breaks down the key steps to ensure informed decision-making. Culby discusses the financial landscape of the deal, diving into lending intricacies and managing its aspects from private debt structures to interest rates and cost analysis. Culby also opens up about the challenges of raising capital in a rising rate environment and shares the strategies that helped maintain investor trust and relationships. He emphasized that building successful syndication involves more than numbers—it's about creating lasting partnerships. As the episode draws to an end, Culby reflects on the lessons learned, balancing economic factors with property improvements, and provides a glimpse into the promising future of Holly Oaks and Plantation Station. Tune in now and discover the art of real estate revival.