You'll probably learn a lot from their perspective on that.It's rare for that kind of vacancy to exist without some sort of systemic issue.

In Los Angeles and Boston, the totals are $1.46 billion and $1.31 billion, respectively, and the combined number of affected properties is 240.In New York City, home to the largest concentration of CMBS debt, some $3.96 billion in loans backed by 181 commercial real estate properties is slated to mature within the next 180 days.

Most and i would say 99% of true HELOC's give the lender the unilateral authority to stop any further advances on the line and to call it.. would be rare they actually froze it and foreclosed.. but freezing it sure this happened en Mass during the GFC.. and the main issue is you dont know it until you try to access it.. the letter saying its frozen shows up about 30 days later  :( 

Of course it CAN happen, but its exceedingly rare.

Capex and repairs should be 15% combined.

Bailey III, for the purposes of initial underwriting I think 15% combined for repairs and CapEx is good.

If you’re like most investors, you’re probably laser-focused on these questions right now, and that feeling of uncertainty is permeating your entire life.However, at this moment we are presented with a rare opportunity—we have the time to assess ourselves and our business and create better versions of both.

The cash invested of 2.8 was LP investors and GP investors combined to acquire the asset.Asking price was just over $11,000,000What made you interested in investing in this type of deal?

The cash invested of 2.8 was LP investors and GP investors combined to acquire the asset.Asking price was just over $11,000,000

If you combine all that, would it not swing the decicion in favor of IL?