All Forum Posts by: Shant Mahserejian

Hi all,

I'm wondering which institutions are currently the best for a commercial building line of credit.  Asset type is retail. I have calls to Chase, Wells and some smaller banks.  Any specific lending institutions I should look at?  I want to secure funds and not pull until I need to which is why I want to go the line of credit and not loan route.

Thanks.

Hi Terri. I think I looked at that high HOA deal myself and laughed. Let me ask you this. Do you foresee Vegas Multi-Unit price per unit hitting the 40k per unit low again like in 08? With the correction that is taking place and with Covid, I guess I just wonder if high unemployment will tumble prices back to this price point. Insert crystal ball comment. :)

This is interesting David.  I didn't know that lenders were avoiding Vegas right now.  I do want to use leverage and was looking at larger units (6+) and commercial financing of course. 

Hi Charles, thanks for the response.  To clarify, the rebound I was referring to was pre covid.  I purchased in 2004 (when the market was high in Vegas) and then saw it come down drastically after 2009.  As of January 2020, the values were right back up to 2004 prices for my investment.  That's the rebound I was referring to.  Now with Covid, I 100% agree that we have to analyze deals with a fine-tooth comb.  I do wonder though at 80k a door (1 bedroom 1 bath) on a Multi-unit in areas that are not war zones, is it really something to pass on during covid?  I have seen some of these investments north of a 7 cap and to someone in California, that is very appealing.  I want to continue out of state investing and wanted to stay on the west coast (really Nevada & Arizona since it is within driving distance to me).  My biggest concern is when Vegas gets hit, it gets hit very hard.

Hi All,

Las Vegas Multi-Unit market has come up quite a bit over the years.  I got hit bad in 2008 with values dropping but it of course rebounded now. Anyone else worried about buying right now in Vegas?  There is still some decent deals and the price per unit is much lower than California.  I would love to hear/discuss Las Vegas multi unit investing,

I would like to be added too, please.  I'm an investor from LA.  Thank you.