What these 2 numbers then tell me is, if a seller finds the the price the market believes a property is worth, it will likely sell, because it is a very liquid market.

although off line I have had others tell me that the notes he was pitching were very high risk low quality and he was just liquidating his positions and those that end up with the paper had poor investments.. ??

To avoid trapping capital in your current deals and maintain your returns while positioning for future growth, there are several strategies to consider.First, flexible financing options can provide liquidity.

So it looks like an investor would need to be about 70k liquid to see this deal out through the end. 

Also another reason people can need to pivot from utilizing conventional loans is their DTI gets capped or they are self employed and thus despite having ample liquidity to conduct the transaction they’d trying to do, can’t document income to the lender’s standards.  

But liquid to ride any waves or take advantage of any buying or development opportunities.e.

There is the those that have to sell and yes they are probably selling it distressed or a forced sale- but as you mention if you look at this listhttps://www.nmhc.org/research-insight/the-nmhc-50/top-50-lists/2023-top-owners-list/These companies may have some strategic liquidations but they can ride this thing out.It’s the syndicators who promised people cash and took at short term debt because they played the lottery thinking they could flip a multifamily building thinking prices always go up and cannot now handle the debt burden.

i don't like the lack of liquidity in a syndication. 

In short , any rate/currency hike is causing liquidity crisis causing delay in ground up project even for project that was approved 2 4 years before the rate hike….

Start micromarketing; stop spray-and-pray unless you have a marketing budget.