They are offering lease terms with a cap rate in the 12-14% range.

As a start work backward from the NOI and determine a cap rate. 

You have the start of a cap-x schedule but that's it, a start. 

Many HM lenders have a cap on how much of an assignment fee they will pay for.

I would be much more apt to invest in this type of deal, if you are truly a second, recorded lien position with a fixed interest rate and a capped upside upon any capital event.And finally, there is all the basic underwriting needs which will vary deal by deal.  

I would also try to get my hands on as many OMs to see what assets are trading for.Gino Thanks Gino, i'm looking at a 16-unit multifamily apartments with a CAP rate of 3.5, which is not typical in Memphis; apparently, this CAP rate was used to justify the current valuation.

Floating rate debt, even with a cap, is still floating rate debt.  

I'm not saying This is the best area to invest in I'm just saying I was surprised at the amount of open ground and how far I could see in the distance.Just my 2 cents.From the  internet (NOTE I did a virtal drive through not in person):if you go there be careful.The McDougall-Hunt neighborhood in Detroit has ahigher risk of crime, with a CAP Index score of 8 out of 10.

This is the name of a Cape Coral police department detective investigating BlackTip and Beattie Development.This website will not let me plate the telephone number or email address, but let’s try it this way.Detective CorreaTwo Three NineTwo Four TwoThree Seven One Fourjcorrea at capecoral dot gov

More control over expenses, including what would've been a cap ex in MFH becoming a NNN expense that tenant's cover, or at least a percentage of them if leases are properly structured.