All Forum Posts by: Richard W.

 Thanks Scott,

We have not sold a single property in close to 30 years and I don't anticipate this policy changing any time soon.

We are a mid size Canadian investment company with a small holding in FL and negligible leverage. Two of our FL retail plazas (Ft Lauderdale and Tampa, mortgage free) are fully leased and strong performing. We are looking to do cash out financing on them to capitalize on potential acquisition opportunities next year.

The combined acquisition cost of the properties was about $17ml a few years back and they are worth materially more today. Would it be more advantageous for us to do a portfolio type mortgage combining the two properties or lien them separately under two mortgages?

Thank you in advance for any advice.

I love dirt. Inflation loves dirt. Time loves dirt. Only thing better than dirt, is dirt that pays anything over 5% without lifting a finger.

Only condition, leverage hates dirt, so don't mortgage dirt.

My wife has several years managing res and retail properties, Orlando based.

I would definitely be up for service like this in my retail properties. What's the cost for something like this?

RE is a hyper illiquid asset. Any centralized attempt to change that will be met with a resounding failure. Fundrise assets may not be the best, but that dirt isn't going away the way a stock may go to zero and disappear. If, and it's a big "IF" Fundrise hasn't mismanaged investor money, grew it's asset base rationally and is not highly leveraged, then smart money should be on a hold pattern, not redemption. Don't think of it as a simple 'log-on and sell' and I think everyone will be just fine.

@Chris Seveney I think these questions need to be directed at the original poster of the thread, as he’s the one who attempted a redemption not me.

What does concern me is that a redemption request was filed back in January, before you know what hit the fan, so why haven't they complied then?

Is it truly being prudent in the face of the frozen economy we are faced with, or deeper, structural issues with the fund itself? Remember, Madoff undoing wasn't the market crash, it merely exposed his house of cards.

I hope that's not the case here as I am truly rooting for the democratization of capital in CRE.

Given you have full occupancy thus indicating good demand, I’d start marketing the salon space for a new user/use.

The current madness will NOT persist very long given this is not a virus with high double digit fatality rates.

The real issue is that your business as saloon isn’t working, so count your blessings and transit to being a landlord instead.

If you can carry the mortgage/running expenses with just the income of the daycare/nursing home business, then you would be much better off closing on the property then figuring out what to do with the vacant space once you open the daycare. You will suddenly be faced with many new possibilities and potential new tenants once people see new activity at the location, some of could probably be synergistic with the daycare business.