TRACK RECORD
TRACK RECORD
GOLDENWRIST CAPITAL TRACK RECORD
Goldenwrist Capital operates in a niche market with very few competitors and high barriers of entry: Distressed, deep value-add Multifamily is the most lucrative yet most difficult market to enter for two reasons: No bank will finance these deals, and very few operators have the necessary expertise to stabilize them.
With 10 years of specializing in deep-value-add Multifamily, Goldenwrist Capital is one of the few companies that has the proven track record to gain the trust of banks enough to get loans for these assets, succeeding in every single project up to date.
Goldenwrist Capitals track record and excellent relationship with lenders has created a dynamic in which lenders approach Goldenwrist Capital to off-load their non-performing loans at deep discounts, rather than Goldenwrist Capital even applying for them.
Goldenwrist Capital has successfully bought, stabilized, and liquidated around 30 projects up to date and is growing faster and stabilizing quicker than ever before. Currently we are able to stabilize any asset, in any condition in less than 1 year.
GOLDENWRIST CAPITAL GROWTH
Goldenwrist Capital has grown at a minimum of 25% every year, for the past 10 years. Providing affordable housing for low-income demographics, Goldenwrist Capital is a contrarian company, thriving in recessions and economical downturns. Our logic is that during difficult times, people may not afford to keep their houses, or luxurious apartments, posing a risk in those asset classes. By providing affordable housing, demand for our product grows substantially during recessions, aiding our ability to continue growing while others can not.
CASE STUDY : RED STONE APARTMENT
Goldenwrist Capital prides itself in its decades-long experience and impeccable track record. The firm has optimized efficiency and standardized its investment process, repeatedly succeeding to stabilize and manage properties. With a 100% success rate in every project so far, we would like to delve deeper into a few case studies to emphasize the process and progress we make in our investments.
THE CHALLANGE
- One of the primary challenges faced by this property was recurring flooding, particularly affecting the first-floor units during rainfall, completely crippling it during a past hurricane. Various issues arose as a result.
- Tenant Displacement: Persistent flooding necessitated the evacuation of tenants from affected units, leading to a notable rise in vacancy rates.
- Decline in Rental Income: The property underwent thorough plumbing and electrical repairs, encompassing fixtures to ensure functionality and safety.
- Significant Maintenance and Repair Issues: The property experienced severe maintenance and repair challenges, encompassing damage to sheetrock, flooring, and other structural elements. Additionally, mold problems emerged due to the recurrent flooding.
- Compromised Electrical and Plumbing Structures: The flooding also caused damage to the electrical and plumbing structures within the property.
- Diminished Resident Satisfaction: The cumulative impact of floods and related damages resulted in a decrease in resident satisfaction with the property.
- The cumulative impact of floods and related damages resulted in a decrease in resident satisfaction with the property.
- The property underwent an extensive rehabilitation, involving the modernization of kitchens, bathrooms, bedrooms, and living rooms, along with the installation of new flooring. The comprehensive renovation included the demolition and removal of all damaged sheetrock, making way for the installation of new drywalls in each unit affected by flooding.
- Sheetrock Demolition and Replacement: The removal of damaged sheetrock was carried out across the property, and new drywalls were installed in units that had been flooded.
- Electrical and Plumbing Overhaul: Each apartment underwent necessary repairs and replacements of electrical and plumbing systems.
- Flooring Upgrade: New flooring was installed in every room of each unit.
- Cabinet and Appliance Installation: The kitchens and bathrooms were outfitted with new cabinets and appliances, and washers and dryers were added to specific units
- Exterior and Interior Painting: The entire property received a fresh coat of paint for both the exterior and interior.
- Landscaping Enhancement: Landscaping efforts included trimming and cutting bushes, planting new trees, and adding flowers to enhance the property’s aesthetics.
- The completion of these renovations facilitated the successful marketing and leasing of all previously vacant units. This not only decreased overall vacancy but also resulted in increased rent collections. Furthermore, the renovations significantly boosted customer satisfaction levels.
