Arbor, Greystone, and ReadyCap are the other big players in that space.

The market can remain irrational longer than you can remain solvent." this was a very very real scenario that caught many a developer in a pickle or syndicator or what have you.Ken Harter in Oregon was the largest player in the senior housing space he needed to refi in 09 about 1b or more in loans that had the 5 year calls... 

The big players don't discount rent traditionally, they can't afford to. 

Watch out for people that sound like A-players during a 15-20 minute intro call, but struggle to answer follow up questions specific to your needs. 

I suspect those players are going to keep the best notes for their fund as is their fiduciary responsibility to the fund and their clients.. and then off load the ones they deem inferior for what ever reason to those like you

You can find quickly who the good and bad players are in this space

Now I just leave half a dozen porno movies on the DVD player and whatever beer the last tenants left behind. 

I don't hate the player.

It's pretty chaotic for the novice, but everyone is super friendly and happy to help new players learn the ropes. 

However, it tends to be a very unprofessional market with many players that talk but do not act.What are you guys focusing on?