Warrior Win

Patrick Hayter
51 Units Closed

Patrick Hayter

Introduction

Experienced Real Estate Professional with a Passion for Value-Add Multifamily Investing: Patrick Hayter has been a realtor since age 19, earning a finance degree focused on real estate investment and a master’s in real estate development. His background includes analyst roles for a real estate trust, land acquisition and development for a home builder, and running his own contracting/construction company. Patrick has flipped homes and now focuses on syndication deals, closing his first syndication at age 24 with trusted partners.

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Property Overview

Property Address: Kemper House Apartments

Number of Units: 51

Value-Add Deal: Yes

Purchase Price: $2,000,000

Projected Monthly Rent Increase: $289 per unit

Anticipated Value After Renovations: $4,590,903

Estimated Cash-on-Cash Return: 8.08%

Estimated Internal Rate of Return (IRR): 18.86%

How This Deal Came Together

Deal Source

Warrior Network Deal Referral: Other Warriors identified this opportunity and invited Patrick to participate in the capital raise, leveraging the power of the Warrior community to source quality deals.

Equity Raise

Networking and Industry Relationships: Patrick raised $1,575,000 in equity by tapping into his real estate network and sphere of influence, relying on his formal education and partners’ experience to build investor confidence.

Financing Structure

75% Loan-to-Value Financing with Syndication: The deal was financed with 75% debt covering the purchase price, while the remaining funds were raised through syndication to cover renovations and operating expenses.

Value-Add Strategies

Comprehensive Unit Renovations and Management Overhaul: All 51 units were outdated, with plans to renovate the majority while leaving some value for the next owner after a 3-year hold. Additionally, property management improvements included establishing an online presence and digitizing lease tracking, replacing the previous paper-based system.

Challenges Faced

Loan Closing Hurdle: The main GP’s tax returns were delayed, requiring a cash close until the loan was approved and repaid.

Capital Raise Difficulty: As Patrick’s first deal, convincing investors was challenging; he relied heavily on partner experience to secure commitments.

Warrior Program Support

Community and Mentorship Empowerment: Patrick credits Warriors Jason Pero, Daniel Charles, and Harrison Riley for their support. The Warrior Program reinforced his formal education and provided a network of experienced investors willing to share knowledge and guidance.

Lessons Learned & Key Takeaways

Capital Raising Requires Persistence and Backup Plans: Patrick learned never to fully rely on soft commitments, as many investors backed out last minute. Building trust and demonstrating capability through partners was essential to closing the raise.

The Warrior program has been great so far. I have learned a lot and reinforced what I already knew from my formal education. The supportive community of experienced warriors is always willing to share their knowledge, helping you overcome hurdles and grow your portfolio. I look forward to the next deal, which I am sure will be with warriors as I continue to grow.

Patrick Hayter

Be the Next Warrior Success Story

Patrick Hayter’s Warrior Win demonstrates how education, networking, and perseverance can turn a challenging first syndication into a successful multifamily investment. By leveraging the Warrior Program’s mentorship and community, Patrick overcame obstacles and executed a value-add strategy that significantly increased property value and investor returns. Ready to accelerate your real estate journey like Patrick? Join Rod Khleif’s Warrior Coaching Program today to gain the mentorship, tools, and network you need to close your next deal and build lasting wealth.

Warrior Success Stories

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Warrior Win

Patrick Hayter
51 Units Closed

Patrick Hayter

Introduction

Property Overview

How This Deal Came Together

Deal Source

Equity Raise

Financing Structure

Value-Add Strategies

Challenges Faced

Warrior Program Support

Lessons Learned & Key Takeaways

Be the Next Warrior Success Story

Warrior Success Stories

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2022

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Warrior Win

Patrick Hayter 51 Units Closed

Patrick Hayter

Introduction

Property Overview

How This Deal Came Together

Deal Source

Equity Raise

Financing Structure

Value-Add Strategies​

Challenges Faced

Warrior Program Support

Lessons Learned & Key Takeaways

Be the Next Warrior Success Story

Warrior Success Stories

Let’s Get Started

Let’s Get Started

Patrick Hayter
51 Units Closed

Value-Add Strategies