Haha) You can see the culmination of this with the recently announced redevelopment on East Broadway around Shelby Street, which is also getting a lot of positive pressure from Paristowne just to the east of it.I've posted my feelings about this plenty of times on BP but inside 264 I feel pretty strongly that the next POPs are the Warehouse District (east Portland) and the eastern half of the Russell neighborhood (east of 22nd street).

Yes, as others have noted, this is typically where DSCR Loans (**not from banks** but from private lenders with national DSCR platforms) are typically the next step here. 

Note, Jacksonville FL is the largest market (area) in the nation and fairly nuanced.

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

If you are looking for above national average apartment occupancy, steady YoY rent growth, resident retention and a supply/demand imbalance, the Midwest is a great place to look! 

Call NREIG (National Real Estate Investors Group) They specialize in insurance for investors. 

I live in a rural area on the eastern shore of Virginia.

I specialize in bridging the gap between national & international investors and builders...basically, providing a turn-key process for identifying, purchasing, & managing cash-flowing properties.

I found this chart with cap rate averages across the nation.

Hello,I am reaching out to the BP community to see if anyone has had any good experiences working with a real estate developer in the Eastern side of Tennessee.