Senior housing : Case Study #2

Solid Returns For Today Good Name Forever

Executed the capital raise and development of a high quality 35 bed assisted living community in Palm Springs, CA. Total Equity raised $3,600,000 with an 18 months delivery and stabilization period.  the community was refinanced in month18 and $2,000,000 of equity was returned.  


Currently, annual net cash flow after debt service is $165,000 allowing investors a 10.3% cash on cash return.



Capital Raise 2

Fund Life- 4 Years

Initial Equity Raise- $3,600,000

Total Investment- $3,600,000

Total Debt at Current: $2,000,000

Liquidation Event- Open- Refinanced out $1,600,000 of equity.

Estimated Market Value- $5,000,000

Cash on Cash Return Current: 15%


Community: Asset Specific


Current Status



Partners in Larrea are LP investors in 9 other real estate and real estate related ventures with a total portfolio value of +$88mm.

Case Study #1 : Multifamily

Money Grows On The Tree Of Persistence

The principals raised $3,500,000 to acquire and hold distressed real estate from 2010-2017, focusing on small multifamily properties, primarily in South and East Los Angeles. The portfolio was upgraded using equity and cashflow, and 100% of the equity was returned to the partners within 24 months. The portfolio was refinanced multiple times and additional acquisitions were made using proceeds from the financing events. The principals began selling portions of the portfolio as early as 2012 and completed the disposition process in 2017. The approximate multiple on this fund was 8.49x, and carried with it an infinite IRR as initial equity was returned within 24 months.