CREATING LONG-TERM WEALTH AND PASSIVE INCOME STREAMS
- TRULY PASSIVE
- TAX-EFFICIENT INCOME
- ATTRACTIVE INVESTOR RETURN
Why Growth Capital Group?
Growth Capital Group managing partners Mike Desrosiers and Kristine Desrosiers have been in business together since 2004. Each brought decades of experience in the real estate industry to their initial endeavor, Growth Property Management, a mid-size property management firm in the Los Angeles market.
- We have 45 years of combined experience as property managers, real estate agents/brokers.
- Acting both sides as a successful property manager for other syndicators and now providing syndication deals ourselves
- Managing over 3,000 rental units in Los Angeles & 350 units in Spokane, WA, has taught us to be resourceful and responsive.
- We know how to make your money work while offering you financial freedom from any day-to-day management. Leave that to us.
- We have all the resources to take care of everything—from the big picture to the smallest maintenance detail.
- We also have a deep understanding of legal requirements and local laws, ensuring that your investment is always safe and in compliance with the latest regulations.
Why Multifamily?
Cash Preservation
Steady Cash Flows
Tax Benefits
Equity Appreciation
Return Of Investment
Huge ROI At Exit
Projected Returns
2X - 3X
Equity Multiple
7% - 12%
Net Cash-on-Cash
17% - 20%
IRR
Our Core Values
INVESTORS ARE OUR LIFELINE
- They get paid first.
- Majority Returns investors (LP).
ALIGNMENT
- We are invested in the deal alongside the investors.
CAPITAL PRESERVATION
- Cash is Preserved
- Good Interest (8% to 12%)
- 10% Equity
PERFORMANCE
- Low Acquisition Fees.
- Reasonable Asset Management Fees
How do we select deals
Underwrite Over 100 To Find 1
Hundreds of deals come across our desk on a consistent basis. With our strict underwriting guidelines, we see one great deal to execute on every 100.
Stabilized Assets If CAP Rate High Enough
Generally, we focus on more high value-add plays, but sometimes we come across more stabilized deals that have.
Value-Add Upside Potential
Can we increase the NOI which will bring up the value of the asset? For example, current rents are below market rents due to unit quality, Can we rehab the units and increase rents?
Verifying ACTUALS, not Proformas
Brokers love to provide buyers with financial projections (proformas) as if they were today’s numbers. We verify, and base our analysis and offer on ACTUALS.
Strong Local Rent Growth
We dive deep into the deals submarket to understand the rent trends.
Do The Numbers Work
After all of the aforementioned, we come up with Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.
Ready To Get Started?
You’re Just One Step Away From Building Your Own Cash-Flow Kingdom. Get Started By Filling Out This Form.
This form allows us to comply with SEC regulations. We are simply required to have it on file.
Please note – Filling out this form does not obligate you to invest. It just helps us better understand your investor profile and comply with the SEC.
This form allows us to comply with SEC regulations. We are simply required to have it on file.
Please note – Filling out this form does not obligate you to invest. It just helps us better understand your investor profile and comply with the SEC.
Testimonials & Reviews
Joyce and Tim C.
“We have enjoyed our investments with Mike and his team. He offers sound deals and helps us understand the mechanics of the deals. Communication has been great!”
John J.
“Multifamily has been a profitable investment for my family for years. Mike has been great to work with and offers a consistent amount of opportunities.”
Frequently Asked Questions
The rate at which available rentable units are leased in a specific real estate market during a given time period.
The funds used by a company to acquire, upgrade and maintain a property. Also referred to as CapEx. An expense is considered CapEx when it improves the useful life of a property and is capitalized – spreading the cost of the expenditure over the useful life of the asset. CapEx included both interior and exterior renovations.
The ratio is a measure of the cash flow available to pay the debt obligation. Also referred to as the DSCR. The DSCR is calculated by dividing the net operating income by the total debt service. A DSCR of 1.0 means that there is enough net operating income to cover 100% of the debt service. Ideally, the DSCR is 1.25 or higher. A property with a DSCR too close to 1.0 is vulnerable, and a minor decline in revenue or minor increase in expenses would result in the inability to service the debt.
The rate of return based on the total net profit and the equity investment. Also referred to as EM The EM is calculated by dividing the sum of the total net profit (cash flow plus sales proceeds) and the equity investment by the equity investment.
A person that can invest in apartment syndications by satisfying one of the requirements regarding income or net worth. The current requirements to qualify are an annual income of $200,000, or $300,000 for joint income, for the last two years with the expectation of earning the same or higher, or a net worth exceeding $1 million either individually or jointly with a spouse.
The rate of return based on the cash flow and the equity investment. Also referred to as CoC return. Coc return is calculated by dividing the cash flow by the initial equity investment.
The process of confirming that a property is as represented by the seller and is not subject to environmental or other problems. For apartment syndications, the general partner will perform due diligence to confirm their underwriting assumptions and business plan.
The rate needed to convert the sum of all future uneven cash flow (cash flow, sales proceeds and principal paydown on the mortgage loan) to equal the equity investment. Also referred to as IRR.
For a complete list of investment terms,
For a complete list of investment terms,
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