All Forum Posts by: Account Closed

@Alex Roter

Lunch or coffee with a dozen different loan officers from different banks will give you an education.

Books and online courses can provide some fundamentals but lending especially is an ever changing with rates and loan programs. Every lender is different.

Call and email small banks and credit unions, go talk with them and make a spreadsheet with grid to reference. Learn the process, do they have a loan committee, so they prefer one asset class vs another etc?

When was the asset put in service? Have you priced out a css? You might want to consider the ROI on the expense. Have considered recapture at disposition? The effect of css if you elect an installment sale? Run the numbers and determine if the advantages outweigh the negatives. I see cost seg as a short term loan from the govt. Be sure it make sense for your financial situation, consult a tax advisor. No tax or legal advice herein. :)

That's awesome Joel. I've never had anyone hound me for NNN acquisitions..ever!

Can you walk me through that sample 10% annual return number with IRR and multiples with 30-30% leverage factoring inflation? I'm a bit slow on the modeling.

Gorgeous properties- single tenant, NNN, new construction, well known credits, QSRs with long lease terms and corporate backed. Anybody sourcing core investments to be 7,8,9% returns using around 40% debt?

I still don't get it.

Who is buying buying STNL and why? I'm seeing CAPs even in the low 3s now in second tier cities.  Is it all institutional? REITs?  

A business partner owns a 10,000sf floor of a historic building currently configured as an office. Planning to convert into an Airbnb, one unit with 16 bedrooms to sleep 20+. Some of the rooms enormous. In the heart of the entertainment district with high foot traffic, second floor with great street views. 

Any thoughts of the subject?  

Reasonable. 

May I ask the specifics of the 6 months of free rent? Is that a hard date or contingent on tenant's permit application or approval?

Become proficient about lending. Commercial is a very different animal from residential lending which is dictated by consumer protection laws. My preference is a small town lender or credit union. 

I have a partnership opportunity with a physician for aesthetics / med-spa type business. Considering building a small retail center with 3,000-4,000sf for the user space and several 1,500sf suites on spec to lease. Just spitballing for now.