Warrior Win

Frank Lettiere

Frank Lettiere is now the Acquisitions Team Leader at Arrows Capital Group, a multifamily syndication team that offers every investor greater opportunities to maximize returns while prioritizing people and positively impacting the communities we invest in.
He comes from a finance background, having spent over a decade as a commodity options trader before transitioning to a software development role focusing on process automation. Since joining Arrows Capital Group, he has used these skills to create efficient acquisitions systems, enabling the team to effectively analyze investment opportunities, provide feedback, and submit quality offers on a large number of multifamily deals. He is incredibly lucky to be doing something he loves alongside a team of people who consistently support, challenge, and elicit growth amongst one another.

Property Details

Address: 3515 Apartments
Number of Units: 45
Value Add Deal? Yes
Purchase Price: $2,368,000
Estimated monthly increase projected? $50/unit
Anticipated value after value add: $3,850,000
Estimated Cash on Cash Return: 10.8%
Estimated Internal Rate of Return: 16.3%

Warrior team
shout outs:

Any comments about your experience so far in the Warrior Program?

The Warrior Program has changed my life for the better in a number of ways. It has helped me shift my mentality tremendously which has had a positive impact in all areas of my life. I have learned an incredible amount about this exciting industry, met people who I believe I will have significant relationships with for a long time, and moved myself and my capital into a position to growth exponentially greater than before I joined.

How did you find this property?

Another member of our team (fellow Warrior – Loren Jacobs) was in a different Mastermind call where our future partner presented the deal and mentioned he was looking for help with the underwriting, asset management, and capital raising in order to get it to the closing table.

How did you structure the financing of this property?

Initially we were going for an agency loan, but after going through the entire process it was rejected due to the size of the purchase, the area not being in a major MSA, and the fact that none of the principles would be living in the state. We ended up getting solid terms with a local bank.

How did you raise the equity?


What was the equity raise?


Was this a joint venture or syndication?


What are some hurdles you had to overcome to get this deal done?

Other than the debt issues mentioned above, it also took a while to close. We pretty much lost contact with the seller for a bit toward the end which was making it difficult to set an actual closing date.

What are some of the lessons you learned with this deal?

The team you are working with is crucial to success. I would not have been part of a deal like this had it not been for the Warrior group itself and the specific people I have met and am now partnering with on deals like this.

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.