Returned all capital to LPs after a refi and now playing with house money.Currently performing strong through Covid with a current 69% projected IRR.All depends on how you approach these college towns :)

Plus, they built a AA baseball stadium right downtown years ago and that was suppose stimulate economic development.

@Brian GeigerI’m seeing 70-80% for LPs In almost every deal I look at.

It probably goes without saying, but LPs are going to be vetting you and team as people as much as they vet the deal. 

@Brian Geiger the waterfall is the order of distributions made amongst the LPs and GP. 

Most which are reputable, of any size require the LPs to be accredited investors.Are you familiar with the term Accredited Investor?

These zones claim to be for "stimulating growth in depressed areas" and many of these areas do indeed fit that category, but areas of Bucktown, Avondale, North Center, Roscoe Village and Ravenswood all qualify so don't dismiss your property because you feel you are in an A or B area.

Many LO's believe rates will remain low for the next 2 years to stimulate the economy.

Originally posted by @Mindy Jensen:Thank you for the feedback, I've shared this with the Marketplace Team.Looks like we stimulated some valuable feedback for management ! 

Typically General Partners qualify for the debt and LPs do not.