All Forum Posts by: David Wright

That looks like a standard loan for commercial - maximum 5 year term but 20-30 year am.  Pretty cool that you found construction loan for such a low interest rate... I'm looking at a similar sized rehab and was expecting to have to find a hard money lender at 20%+

Looks like an okay deal. What property management company are you working with? 8% seems low.

Like Hadar mentioned, you should be able to refi with 75% LTV, but it may take a seasoning period of 6-12 months. Depends on the lender. And the value should be your new NOI/cap rate, so you can force that appreciation and not have any money in the deal.

I'd love to see that actual numbers... what'd you buy it for, what do you expect to get NOI to, and what cap rate your neighborhood is in.

I'm new to multifamily investments, looking for my first deal.  I know a commercial real estate agent who says he has leads for me, but he wants me to sign an exclusive agreement with him before he shares them with me. I have no problem with him getting a commission on deals that he brings, but it seems like a bad idea to me to sign this agreement. Is this the norm?