All Forum Posts by: Justin Witkin

Thanks for the replies.  Yes, Bank money is the cheapest and we have used it in various bigger developments.  There are some situations, however, where alternatives to bank financing may be preferable.  A family office partner would be a great fit and we can deliver solid 20% returns.  Havent found that partner yet, however. 

Would be happy to connect directly to discuss further.

@Giovanni Jordan - Decided against a general fund for a variety of reasons.  We are currently finalizing a syndication raise on a package of SFRs.  Found a "close to" non-recourse lender that will work with dirt (those are few and far between) and have talked to some mezz financers that may be able to help on large projects.  

In sum, still looking for the financing silver bullet, but putting bits and pieces together.  Let me know if you have any questions. 

Hi Savannah real estate people! My daughter will be going to school in Savannah in the fall and I’m interested in finding a property that she can live in and generate rental income.  

New to the area so all help/guidance is appreciated!

Yes.  I’m working through the logistics of that now.  Want to make sure that I’m considering all viable options.  

Thanks!

Medium sized developer building approximately 50 homes per year.  Funding is almost entirely cash and we’re looking to add a greater percentage of financing.

Problem is that traditional mortgage lending is too inefficient.  Inspections and significant transaction costs slow things down and are not a great fit for our goal of increasing volume.  Have many banks willing to lend and have had discussions about line of credit type financing but haven’t found what I think is the ideal structure yet.

Looking for thoughts on how to efficiently add financing to a 10MM + portfolio.

Thanks!!