Oncewe’veidentifiedpotentialopportunities,our expertteamfiltersbasedonkeyfactors—including price,locationandassetquality.Thisprocessensures we only acquire investment properties that meet our goals andexpectations,andthatwill passthe stringentunderwritingprocess thatfollows.
Step Two
Underwriting&Funding
Theinitial underwritingprocesskicksoffwith ourcomprehensive due diligence schedulethat tapsinto our extensive structuring expertise. From onsite inspections to a financial deep dive to mitigating potential risks while maximizing rewards,wedigdeeponeachpotentialdeal,withonly the most qualified moving forward to be approved forfundingand purchase.
Step Three
Renovations,PropertyDevelopment &OngoingValueAdd
Cove Equity, LLC, focuses on renovating each investment property. Tobuild value, our team can refresh oroverhaulunderperforming assets, driving up rents and increasinginterest.
This immediately improves cash flow and long-term capital appreciation while limiting ongoing maintenance expenses. This creates a more valuable assetfor allparties.
Our partners and investors receive quarterly updates duringtherenovationprocess.Our team is also available via phone or email between these check-ins.
Step Four
Stabilizing&RefinancingAssets
Oncethe property is stabilized for 90days,we refinance the property with long-term financing at afixed interest rate.At that time, wepay backtheacquisitionloan andequityinvestors in full. With long-term debt in place, investors maintain equity inperpetuityandreceive quarterly cash flowdistributions and property financial statements.