11321 Gabriel St

Updated Progress

Date: 03/18/25

Great progress is being made, with rehab set for completion by Friday! No pending permits or inspections are holding things up, keeping everything on track. Offers have already started coming in, and if a deal isn’t finalized this week, the property will hit the market by next week. Updated photos will be available soon to showcase the transformation.

Date: 02/13/25

The property rehab is progressing smoothly, with bathrooms nearly complete and the living areas fully finished. Bedrooms are awaiting carpeting, which will be installed soon. The project remains on track for completion by the end of the week, with no delays encountered. Everything is moving forward within budget, and the property is expected to be ready by next week. Photos will be provided upon completion for sharing with the PML.

Date: 11/4/24

Progress on the property rehab is going smoothly, with significant milestones already achieved. Everything has been removed, the exterior cleaned up, and installation work completed, bringing the project to 50% completion. Currently, they are awaiting permits for ceiling fans and windows to move forward with those installations.

Key milestones include the completion of both bathrooms and the installation of kitchen cabinets. The cabinets are ready for staining and application of tap code, with similar steps planned for the flooring once it is installed. The upcoming focus will be on installing the windows and finishing the floors.

There have been no issues or delays so far, and the project is running below budget. To share recent photos with the PML, the contact has requested that you reach out to him via email or text, as he wasn’t able to note your contact details while driving.

Date: 10/23/24

Last Friday, they submitted the first draw request. The downstairs work is completed, including carpentry and some final painting and touch-ups, especially in the two bathrooms. The first bathroom is 50% finished, while the second one is 75% complete, with just some patchwork remaining. The demolition phase is nearly complete. Demo is complete, flooring has been replaced, and touch-up painting is done. There are no issues or delays; they are just waiting for the paperwork, which includes the city inspection and property compliance. Next, they’ll be getting the exterior painted. Everything is on budget. He can send photos to share with the PML once he’s back home, but he’s requesting an email from you because he was unable to note your email or phone number. This way, he can send you some photos. However, at the moment, he’s not at home. He’s also inquiring about the final draw request.

Supporting Documents

Wire Instructions

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Statement of Work

Joint Venture Agreement

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Operating Agreement

Deal Analysis

11321 Gabriel St

Updated Progress

Supporting Documents

Wire Instructions

Statement of Work

Joint Venture Agreement

Operating Agreement

Deal Analysis

Approved Term Sheet

Operating Agreement

Memorandum of Joint Venture Agreement

Memorandum of Joint Agreement

Renovation ARV

Memorandum of JVA

Memorandum of JVA