Those properties tend to be first to fall as when interest rates hopefully drop in coming years more of the better built vintage homes with larger lots and mature landscaping are put on the market.

Not sure when you say that the hard money lending rates you see are similar to bank loans (you have to compare maturities first and there is no way a hard money lenders gives you a 30-year loan).Regarding hard money lenders in Buffalo, you may take a look first at the ones listed on BP's website in NY state

I am working on verifying each home is identical; I don't think they are; but for simplicity's sake...Market value is closer to$600k for each townhome should it be sold separately on the open market.

On the residential side we are seeing an uptick in inventory, but sellers have yet to adjust their pricing and still think it’s 2021-2022On commercial side we are seeing small banks wanting to move their loans with maturity dates in the near future even if performing.

I am breaking into a hot and competitive market, and may have the opportunity to purchase two identical four-plexes on one lot.

I would have expected locations like mine to react first given the maturity of the market and having had a couple years sooner recovery compared to most places.

HOWEVER- there have been times I’ve missed my goal date on repayment and have had to use other (still my, but allocated for something else) money to pay the debt off before maturity and adjustment to a MUCH higher rate.

I've not seen "Thousands" for quite some time as the industry has matured unless there were other issues complicating the scenario.

Two of the common areas of concern for LOCs I see out there is the 10 year maturity date and the adjustable rate.

The exact payment on the maturity date would = $10,423.