All Forum Posts by: Jordan Rocca

@Luke Miller

Thanks. CBRE is a great starting point for the larger ones. I will also give some local brokers a call. 

I'm wondering if anyone has successfully closed on a MF property using Agency Financing and would be willing to share their experience? I'm hoping to learn if this would be a viable option for an investor group looking to purchase a B- to C+ class property w/ possibly some value add but already at high occupancy 90%+. Would also be looking to exit the investment anywhere in the 5-10 year window. 

A few questions I am really interested in below;

1. How many units & approximate purchase price?

2. Property class?

3. Agency program used?

4. What were the loans terms/amortization period. 

4. Occupancy at closing?

5. Restrictions on early payoff, transfer of ownership between LLC members, etc?

6. Any other out of the ordinary underwriting issues that came up?

Any input on any of the above items is greatly appreciated. 

Thanks everyone!

Hi All,

I'm wondering what sources you all use for CAP Rate/comparable sales data for MultiFamily (5+ units properties).

Any help would be much appreciated. 

Thanks!

@Todd Dexheimer

Thanks! This is exactly what I was looking for. 

Thanks! This is exactly what I was looking for.

@Jerry Padilla

The would be between a 15 - 20 unit property. Structures as a LLC, 25% cash equity and 75% LTV.

@Jared Rine

Have two properties that I am currently looking at, just trying to determine where the cash flow would be at given that I have only found shorter term financing. For full disclosure, this would be about a 15-20 unit property.

When you say liquid requirements, are you saying in terms of the LLC keeping reserves for P&I/Escrow items, or are you referring to the liquidity of the individual LLC members?

This would be about a 15-20 unit property. Structured as an LLC, 25% cash equity in deal with a LTV of 75%.

Have two properties that I am currently looking at, just trying to determine where the cash flow would be at given that I have only found shorter term financing. For full disclosure, this would be about a 15-20 unit property. 

When you say liquid requirements, are you saying in terms of the LLC keeping reserves for P&I/Escrow items, or are you referring to the liquidity of the individual LLC members?

Hi all,

I'm wondering if anyone knows of any lenders that do longer amortization (20-25 year) loans for multi family properties. LTV would be 75%, purchase price in the $1MM - $3MM range and assume strong cash flows. I have contacted a few in the area and most were 5-15 years, just wondering what else people are seeing out there.

Thanks!