Borrow at 7%, lend at 12%, collect the spread, something like that.

We've used wholesalers for some deals, but we're seeing them build in more and more to the spread where the numbers increasingly don't work in our models.

Since then there's been partial payments spread out over multiple days almost monthly (up until this month the payments have always been a little early so that the full amount arrives by the first--again, probably my mistake for agreeing to such).  

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split? 

If they are spread out, could be a different story. 

ProForma showing the spread and the deal and offer equity share and how the ROI will work: payout.I put together deals in an email so all the investor does is click, see, and then decide to take action or not.Follow up is IMPORTANT. 

Because using leveraged funds spreads your net profits into equity gains and cash flow plus appreciable gains.

Will give you an idea of what the average spread/points are in the area.

I started using BRRRR, however I wanted to enter the small multifamily property market, because it spreads out my risk of vacancy.

@Marcus Auerbach and Jason , I found this data to be very useful and intriguing.I checked the spread between Income, Fannie Mae Loan Limit and , ZHI Median.Area income: Fannie Mae 1 Unit Dwelling Confirming Loan Limit: ratio$158k->$1,150,000:7.27x (my zip code in CA)$100k->$766,550:7.66 ( zip code 53209 in Milwaukee)so these are expected but lets deep dive:ZHI ratiozip codeArea income:ZHI Median: ratio ZHI to income,current spread ofCAzip:$158k:$791k: ratio: 5.0x : 0.68% !