Im looking for ideas from other investors that are requesting Vacancy rates from their property manager.

Just read an article on ian appito(mangled that im sure) website about senior housing occupancy is dropping dramatically, and not to trust demographic tailwinds just because they sound like good ideas!

At these rates, it seems like it would be better (for now) to wait on the sidelines and get a high-dividend REIT.So my questions are:1.

Since the interest rates are high right now and prices pushed back a little bit I thought about doing an owner finance on a five year balloon.Thinking about paying it off in full and then turning around and doing an owner finance at a value somewhere between its current condition value and the ARV.

I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.

The below terms are live as of this date, for a rate and term refi (no cash out).From left to right:Points: 1, 1.25, 2.Prepayment penalty: 10 years, 3 years, 5 years.Commentary/review, hopefully this thought process is useful when evaluating offered terms for a maturing commercial mortgage that needs to be refinanced. 

I got my Va to create a spreadsheet and call all of them for rates, amenities, and if they where at capacity.

This assumes ~8% interest rates.Interest rates in New York tend to be 25-50 points higher than the national average although maybe I suck at finding good mortgage brokers.

." - mic drop. 

BTW: The 75th percentile rent for market rate apartments with only w/s/t included even in N Collinwood is $1064.