We acquire and manage income-producing multifamily properties in high-growth markets, maximizing returns through strategic asset management. In addition to acquisitions, we also develop ground-up multifamily construction projects, expanding our portfolio with newly built communities. As part of our program, we are purchasing newly constructed apartments utilizing 223(f) loans.
We seek to partner with developers experienced with 221 D4 and 223F loans, in ground up multifamily projects and brand new acquisitions. These developments and brand new assets offer long term, fix rate non recourse debt. Our objective is to focus on delivering stable cashflow and wealth creation. As we partner with these top developers, we add value in overseeing the multifamily project planning, equity needs, construction, and stabilization, ensuring efficiency, sustainability, and long-term value.
We secure high-quality real estate deals by providing Co-GP and LP equity and hands-on operational expertise. From project planning to stabilization, we ensure every multifamily development is efficient, sustainable, and delivers optimized returns.
Providence Investments satisfies the working capital and IOD Reserve requirements on a HUD 221(d)4 loan. Our solution reduces the amount of equity required to close without diluting their equity interest. These are also known as Letters of Credit.
Over the past 14 years, John has developed and executed a specialized multifamily investment strategy centered on disciplined underwriting, HUD-insured financing, long-term ownership, and capital preservation. His experience encompasses the development and acquisition of more than 4,200 multifamily units across multiple market cycles.
Drawing on that experience, John developed Providence Investments’ institutional fund strategy to expand a proven investment approach through a scalable platform combining real estate private equity and private credit.
His leadership is grounded in five principles—Faithfulness, Family, Friends, Fitness, and Finance—which influence the culture of Providence Investments and its broader commitment to creating lasting value for investors, residents, and communities.
“I have been personally invested in several multifamily properties with you and your group and have seen them perform exceptionally in operations, value add scenarios and value enhancement. In some select cases your group completely outperformed the market against strong odds. I would definitely recommend your team for management assignments in the future.”
“We have had the pleasure of working with John Mejia and the Providence Investments team on several opportunities, and our experience has consistently been excellent. John is a seasoned and professional developer who brings a high level of integrity, transparency, and expertise to every project. What truly sets Providence apart is their commitment to building strong, long-term partnerships."
“We’ve been investing with John since our founding in 2012. He and his team consistently do an excellent job optimizing each property’s P&L, often finding creative ways to grow revenue. At the same time, their strong focus on residents and building a genuine sense of community creates a true win-win for both residents and ownership. Providence has successfully executed through a full market cycle, resulting in a very positive experience for Urban Alpha.”