My take is that it's vitally important to know who you are working with, and have the history of the players involved.

Firstly, it's a booming city with a growing population and an influx of job opportunities from major players like Intel, Honda, Amazon, Nationwide, and more.

It's impressive to see so many new players entering the syndication space but I do wonder what the average is for the other 30%.

Looks like rates are between 6% and 10%.LOLLike others have said, it depends on how the loan is structured-DSCR, full doc, bank statements etc...Of course, credit and loan to value are big players in the rate as well.Stephanie

Makes you wonder just how many players there are in a given area.

For someone starting out in an industry as opaque as commercial re, honest advice (aligned by indirect equity interest) on deals you are working on, and general guidance from an experienced player is worth a lot!

Then if you’re satisfied with your team I’d recommend staying in the same location if possible to continue using the same players for a while.

Its like sampling a NFL players 40 yard dash but for apartment underwriting.

Add $800 for paint, floor covering and essentials plus my laborer for 2 days and my total cost was about $1400.I painted the 30 1200 to 2700 sq ft homes in Las Vegas with two helpers including ceilings and it never took more than two days to paint a house and that included removing all the electric wall plates, dropping ceiling light fixtures, removing smoke detectors, cleaning windows, installing new blinds, cleaning bathroom fixtures and it never took the 3 of us more than 2 days because I am good at knowing how to get the most from my workers like a Lakers coach knows which players to put on the court because the cost to do a paint job is not as critical as the time it takes because when I go to Las Vegas to manage a job I have to leave Los Angeles and my 20+ employees without my micro-management and "When The Cat Is Away The Mouse Will Play" if you know what I mean.I am a very difficult person to work for because I am 71-years old, a workaholic, a fast worker and when young workers are slow I fire them within minutes when they are working because I don't like to have to waste my time and stop the work I am doing to constantly check on my workers and I don't like to get emotional and have to keep correcting workers when they work sloppy and slow.

Demand is growing a bit and I think there is still a little room to go, but as I mentioned before there are a handful of big players in the market and they have a good handle on the deal flow.