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.
Hats off to you for saving! That second sentence- the lack of a plural ("statement" vs "statements") is very Indian- this was either a masterful troll post, or Swapnil himself (or one of his associates).
The fact they deleted the thread seems to indicate it was real
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 site seems to be moderating and taking down posts about shops that turn into controversial topics or argumentative.....However some OG amazing fights might be still up.
inb4 Swapnil reached out to WSO under a different alias claiming that the thread contained false information (20% IRR) in fear that a news outlet does report on that claim.
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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Bring it back. The CBRE I guy saved it down.
CBRE to the rescue.
Hats off to you for saving! That second sentence- the lack of a plural ("statement" vs "statements") is very Indian- this was either a masterful troll post, or Swapnil himself (or one of his associates).
The fact they deleted the thread seems to indicate it was real
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
The site seems to be moderating and taking down posts about shops that turn into controversial topics or argumentative.....However some OG amazing fights might be still up.
When you hit 20% IRRs, your threads get taken down. Everyone knows the rules.
Think you mean -20% chief
It's a reference to the og post, hoss
inb4 Swapnil reached out to WSO under a different alias claiming that the thread contained false information (20% IRR) in fear that a news outlet does report on that claim.
Holy shit. This is gold
Welcome aboard the short bus.. we’ve been waiting
The censorship on this platform is getting out of hand now
Imagine letting a syndicator strong arm you
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.
Ut rerum architecto nulla ex. Sit aspernatur error sed qui voluptatem. Dolorem animi doloribus excepturi. Quam impedit incidunt voluptatum dolores porro itaque aspernatur. Eum rem voluptatem sunt enim.
Ut placeat incidunt ea vel voluptates repellat ipsa. Accusamus distinctio voluptatem rerum in. Exercitationem amet porro id dolore soluta non velit hic.
Delectus rerum quos voluptatum eos dicta rerum. Voluptatibus rerum optio voluptates eum unde sit. Ut quisquam voluptas atque occaecati.
Ea voluptates nulla voluptatem. Eum laudantium numquam neque quam iusto voluptatem.
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