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CBRE to the rescue.

Saw some posts about Nitya Capital that are incorrect. The media and people here are making false statement. Unlike other syndicators, Nitya has been able to dispose of assets at a profit. There was a sale of 3 properties done last year where they earned a profit. The floating rates are a non-issue because Nitya has an agreement with the lenders to extend. Nitya's assets are all performing. I know people at Nitya and everyone has said the cash flow has been more than sufficient. The agreements with the lenders are already super favorable and will not negatively impact IRRs. The Real Deal has not posted accurate info. They (was originally We) still foresee positive DSCR, but they (was orginally We) don't realize they (was orginally We) had downtime on units do to ongoing rehabs. This through off the cash flow metrics and does not reflect a true stabilized yield. They should still be on track to deliver 20%+ IRR which says a lot considering other syndicators are performing poorly.

 

LMAO - this is gold.  Swapnil (or someone at Nitya) is living in lala land if they think this is going to be their outcome.

 

This was the original unedited version

Saw some posts about Swapnil Agarwal that are incorrect. The media and people here are making false statement. Unlike other syndicators, Swapnil Agarwal has been able to dispose of assets at a profit. There was a sale of 3 properties done last year where Swapnil Agarwal earned a profit. The floating rates are a non-issue because Swapnil Agarwal has an agreement with the lenders to extend. Swapnil Agarwal's assets are all performing. Swapnil Agarwal knows Swapnil Agarwal and he has said the cash flow has been more than sufficient. The agreements with the lenders are already super favorable and will not negatively impact IRRs. The Real Deal has not posted accurate info. Swapnil Agarwal still foresee positive DSCR, but Swapnil Agarwal don't realize Swapnil Agarwal had downtime on units do to ongoing rehabs. This through off the cash flow metrics and does not reflect a true stabilized yield. Swapnil Agarwal should still be on track to deliver 20%+ IRR which says a lot considering other syndicators are performing poorly.

 

The censorship on this platform is getting out of hand now

 

Imagine being in charge of $1B+ in multifamily, having nearly $400m of which is no longer servicing their debt. Having your office headquarters in special servicing and not covering payments and having gone through three loan mods. Yet you have the time to come onto a message board with a bunch of analysts and then argue with them or try to persuade them that you're doing well. Like if I was in his position I'd be losing a ton of sleep and would be focused on you know fixing this mess rather than making idiotic personal biographies on YouTube or arguing with a bunch of analysts. Seriously Grant Cardone looks like less of a douche than this guy.

 

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