@Kumar Gaurav I cannot accurately advise on your tax liabilities seeing as I did not prepare your returns, nor do I have a full understanding of the events that transpired, but what I can tell you is that you should not be paying state tax twice on the same income. 

Forrest - Not sure what transpired on this loan, or if it did even transpire, but I would give two pieces of advice here regarding DSCR lending, one of which specifically for STRs:1.

I would not call it overly conservative, but I also wouldn't call it super aggressive, but again it really gets into your views and the syndicator's views of where the market is headed over the next 3-5 yrs.Personally, I take the view that any experienced syndicator that is underwriting to 5 years, given what has transpired over the last 5 is simply not learning any lessons.

Here is a list of the issues that transpired with my deal:They pushed Closing date multiple times.

We have been a loyal customer of NREIG for quite some time, but the events that have transpired in the past few months have left me extremely dissatisfied with their service.To provide some context, we recently discovered that NREIG had unilaterally cancelled the insurance policies for three of our properties, all of which were in escrow.

This is literally what has transpired in CRE since 2023, and some of the people who bought the years prior with no cap rates are about to experience here in 2024-2026.

The city hopes to reopen the Mayfair in February.Still, hotel investment activity could shift, and more discounted or distressed deals could transpire due to CMBS debt maturing in approximately 50 hotels in the next two years.Here are several graphs illustrating the current hospitality market in Los Angeles County:Full Los Angeles County Commercial Hospitality Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1183591/Los_Angeles_-_CA_-USA-Hospitality-Capital_Market-2024-01-15_compressed.pdf

The owners and I are in full agreement that compensation needs to transpire for us to move into this partnership. 

We were very surprised to hear what transpired between the HRRE Team and Julie.  

She also told me that the only transaction that could transpire before auction would have to go through the previous owner in the form of a short sale or a bank pay off.