All Forum Posts by: Austin Scott

Thanks Robin! Look forward to speaking with you

Shout out to the community here. Got a ton of great feed back within just a few hours

Thank you both!

@Madeline Malinovsky & @Mike Singer

Title says it all. We are considering a few new projects and are looking to compare our options for take out financing. Prefer a 5 or 7 ARM. LTV 65-75%

Not my typical product type for this market and just looking to compare options. I am speaking with some of the "Network" options as well. Hoping to find someone local that will give us a better deal

If you have anyone you can recommend please do

@Andreas Schneider are you looking at SFRs now because of difficulty finding competitive financing for multifamily, or because you are seeing those properties having more resilient tenants?

The multifamily credit markets are still alive by have certainly slowed in the last few months. I am not as in tune with the residential loan market but sounds like rates are still very competitive

Considering everything going on in the world right now, I am curious where the members of this forum are looking for new property?

It sure seems like the impact varies depending on where you're looking. Most of my experience is in Non-MF CRE in western markets. Talking with my network, many of our clients with MF units across different states are feeling the affect differently depending on what state the properties are located in.

Let's get a discussion going:

1. What markets are you currently looking in?

2. What types of properties are you looking for?

3. Has the way you evaluate markets or properties changed since COVID began? How so?

4. If you currently own property, how have you collections and/or tenants been effected?

I'll go first:

Primarily southwestern US

2-10 unit multifamily

Definitely not looking in CA anymore

Personal properties not affected but clients are seeing 80-90% of usual collections