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22 July 2024 | 2 replies
Hi, I am trying to locate an attorney that can help me negotiate settlements for 7 DSCR investor mortgages on single family homes that are at risk of defaulting.
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23 July 2024 | 32 replies
Not as much as multifamily but still more than STNL single tenant or 2 to 4 tenant type retail center properties.The larger centers they live or die by the anchor tenant so really have to know if that tenant owns or lease the space, when it was last re-imaged inside and out, and what sales they do per sq ft year over year and how they have been trending.Larger retail centers have defaults from smaller tenants with covid right now to work through so offering should have reserves built in for some not making it so buy in cap rate on existing NOI might go down in the short term as tenants are lost and tenant replaced.
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26 July 2024 | 75 replies
By default, they are “riskier”.
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22 July 2024 | 22 replies
Returns demanded by investors are much higher for assisted living than for apartments as the loss from default is much higher.
22 July 2024 | 7 replies
These are smaller spots that have a mailing address in a municipality (like Clearwater), but aren't technically inside the city boundaries so they default to the County.The tough part would be the 10 minutes max from the beach.
26 July 2024 | 49 replies
Those types of syndications (such as Cardone) are typically very aggressively underwritten (meaning higher execution risk), have sponsors who don't have full real estate cycle experience (meaning higher sponsor risk), have higher leverage ( meaning higher risk of default or suspended distributions), use floating rate loans ( meaning higher interest rate risk), have short-term debt ( meaning higher refinance risk), use financial engineering (meaning higher risk of missing the pro forma), lack signficant (or any) skin in the game (meaning higher risk of lack of alignment with conservative investors ). etc.And it's 100% true that most of these are struggling now.
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21 July 2024 | 2 replies
If the borrower defaults then we own a property minimally valued at $1,700,000 while owing about $635,000, or equity of $1,100,000!
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21 July 2024 | 35 replies
I picked up a 14 lot project from a guy who had a contract with Centex ( they defaulted) and looking at my buy HUD this seller had to bring in 600k to sell to me.
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21 July 2024 | 15 replies
see Facebook group:Norada Capital Default Notice:If you are one of the investors, please see Facebook page with agencies and links to file complaints !