Summit MultiCapital, LLC, (“SMC”) is the acquisition and financing arm of SMSI, founded in Akron, Ohio over 35 years ago. Our executive structure and expertise in multi-family agency financing (FHA, Fannie Mae and Freddie Mac) allows us to increase portfolio performance through an aggressive acquisition program that targets opportunities created by current market conditions and historically low interest rates.
SMC conducts on-going market research to identify new markets that warrant consideration, as well as existing portfolio markets to monitor the health of economic and multifamily industry conditions. SMC also evaluates portfolio performance to determine if a refinance or property sale will enhance investment return performance.
ACQUISTIONS | WHAT WE BUY
We offer both all-cash transactions or will assume existing financing on Class “A” construction, value add opportunities, and student housing properties of 200 units or larger. We target properties in secondary and tertiary markets that are growing due to economic shifts and lifestyle changes and exhibit vibrant employment conditions. Our 2016 target markets are:
Mid Atlantic/East Coast
- South Carolina
ACQUISTIONS | SUBMISSIONS
If you have an opportunity you’d like to present, please submit the following information to the attention of Edward Newman, CEO email.
Complete property description
- Market information in addition to sales and rental comps
- Site plans, architectural renderings, unit floor plans
- Photographs of the property and surrounding area in addition to aerial photography
- Location map including surrounding area
- Confidentiality agreement
- Existing financing that warrants assumption by the buyer