CMBS issuance quadrupled to $6.7 billion in 2024 — reaching its highest level since 2019 and representing 27% of nationwide multifamily issuance.However, this surge comes alongside rising distress levels, particularly in pre-1974 buildings where distress rates hit 25.1%, compared to just 2.9% for properties built after 2000.

Interested in meeting and learning from other people in this space and possibly finding my next project.

This will cost you money on the back end.

Does this sound like a good deal? 

I think it's fair to say it's beyond normal wear and tear, but I'm not sure how much is fair to say "I'm going to have to deal with this somehow, and because of the scratches I'm deducting x." 

@Sean OToole    this is an interesting post Sean.  

Wondering also if there are lenders that would have an appetite for this type of property?

Im proud to be part of this community to expand my network and gain first hand knowledge.

I can see why the external link made you think that it was a self-promo on a cursory review, but I do not believe that it was in this case. 

Granted, this was my personal 90 second due diligence, but the initial sniff seems like they are a legit company doing real deals, and if I were actively looking for new syndication investments, it would prompt me to want to learn more.Only thing that would keep me a bit skeptical on a call is their 2016 founding.