All Forum Posts by: Rob Pond

I am representing a group of investors and we are looking for a major restructure of our lending portfolio. We hold roughly 2000 units and we are looking to see how the lender performs on these 7 properties. There is a mix of hotels, mobile home parks, multi family and single family units. The properties are spread out throughout the country in MS, OH, IN, FL and CA.

@Bob Razler:  Can you lend on Properties outside of Florida also?

@Mark Hyland: Not selling, restructuring the lending on these properties

@Andrew Postell: Thanks for the heads up, will do.

I am representing a group of investors and we are looking for a major restructure of our lending portfolio.  We hold roughly 2000 units and we are looking to see how the lender performs on these 7 properties.  There is a mix of hotels, mobile home parks, multi family and single family units.  The properties are spread out throughout the country in MS, OH, IN, FL and CA.

@davidsweeney you seem to be looking at a lot of factors while making initial estimates. At the end of the day, why are you buying this property? Cash flow right? Before anything else you need more info from the agent. P&L and rent roll is the way to start, don't worry about anything else for now. Take the actual (not proforma) gross income and multiply it by 50%-55%. If the tenants pay utilities estimate 50%. That's your estimated NOI (Net Operating Income or cash flow). Take that number divide it by your purchase price to get the CAP rate. At this point if the property doesn't match your investment requirements then don't waste your time, move on to the next building. If the spread between the cap rate and your loan rate is acceptable to you, maybe further investigation is required at that time.