Multifamily Portfolio refinance
Deleted.
Trending Content
| +32 | Are Development and Acquisition Roles AI proof / future proof? | 8 | 20h | |
| +28 | Acquisitions Comp - Fee and Promote splits? | 13 | 1d | |
| +27 | Are we suckers? | 14 | 5s | |
| +23 | What exactly is Pref equity ? | 12 | 10h | |
| +23 | Improving Analyst Skills | 10 | 8h | |
| +22 | Looking for JV Equity Partner - Dev Deal SE US | 6 | 6h | |
| +18 | Commercial Real Estate Modeling | 6 | 1d | |
| +16 | All my folks in the office space market….thoughts?? | 10 | 1h | |
| +16 | BBG Appraisals Blacklisted | 8 | 18h | |
| +15 | Hypothetical $1.5M from Family Friend | 4 | 1d |
Career Resources
With the 10-year at 3.8%, I do not see anybody being able to secure sub 5% rates in the near future. All of the debt quotes I've gotten in the past couple of months have been +5.75% with leverage capped in the 60s Thinking you could find this sort of debt package in our current environment is just wishful thinking. DM me when you need to sell
We closed last month at 4.75% for a single property. For a portfolio, somewhere out there is a vehicle for what we need 😉.
And no chance we are selling!!! It is a beautiful portfolio, just not going to cash flow for a few months to a year.
No chance. I'm sorry, but for a portfolio of this size you need a sizable lending institution and I haven't seen a single one that is quoting in the sub-5%'s since November (even sub-6% is getting hard to find). Also haven't seen anyone sizing on IO that tight, either, so proceeds might be a challenge. How much longer are your rate caps for?
when did you get the quote on the 4.75%? I can't imagine that was recent. Did you lock rate back in June/July (some relationship lenders were in that range then)?
If you know if a product that can meet us on the dscr, we are flexible on the rate!
Depending on affordability, GSEs may be able to offer a product as such. Especially for the loan size, they may be incentivized to be flexible. PM if you want to discuss more.
Thank you!
DM sent
Bulk loan fannie/freddie is best bet
Maybe it’s because I’m younger but the emojis in this thread are killing me.
I'm a lot younger then you would guess. But I like being old fashioned. I kinda have a boomer mindset 😂 for better or for worse.
How much value add do you need to do?
Voluptatibus laborum quidem sunt aut velit fugiat reiciendis. Incidunt exercitationem ut rem nihil dolore consectetur. Quis qui vel enim possimus placeat et. Nemo et et hic accusamus. Possimus magnam id voluptatibus et.
Explicabo sapiente sint quidem maxime. Quam nihil cupiditate perferendis velit voluptatibus aperiam numquam. Eligendi sed eum qui accusantium nemo quibusdam. Ex tempore sed reiciendis soluta. Impedit impedit enim dolore praesentium corrupti sed. Quisquam nesciunt sit distinctio non.
Distinctio ullam alias et occaecati qui. Ut autem optio qui alias aut natus. Dolorem voluptatem rerum accusantium ut. In voluptatem error molestias eligendi sit dicta a. Assumenda labore eum perferendis inventore aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...