4 January 2019 | 5 replies
We loaned about $1 Billion last year, most of which were to LLCs.
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7 January 2019 | 25 replies
In my experience, for a ground up, high risk deal like this it would be a waterfall like the following;- 8% preferred return for investor- return of investor capital- catch up contribution to sponsor to equal 8% of their investment- something like 30-70 split till 15% IRR- 50-50 after thatThere would be some 2-5% sponsor fees off the top.That is what you can get from an experienced sponsor with decades of success and billions in management If you want some examples check out the PPM on CrowdStreet or RealCrowd to see real life examples.
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4 January 2019 | 3 replies
Let’s assume that the economy continues down for the next few years (interest rates are up, Credit is limited compared to previous 8 years, spending is reduced and overall asset values both financial and RE are down).
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8 January 2019 | 7 replies
The multifamily market is booming right now, so if it spends more than one day on the market at that price there is a reason.
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7 January 2019 | 10 replies
Clearly I need to spend more time with him.
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8 January 2019 | 13 replies
Also, we are not replacing cabinets because they are really cool and retro, so we don't want to spend much on the counter tops... we will do a completely new kitchen in 7 - 10 years.
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14 January 2019 | 5 replies
Here's an example: look at how much of the job growth in SF is based on companies that lose billions of dollars a year and have no chance of ever making money.
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10 January 2019 | 4 replies
We spend a lot of time at indoor facilities and while I'm there I always think how cool/fun it might be to own one.
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14 January 2019 | 45 replies
The premise is that the hedge funds did their homework before plopping down a billion $, and they know what neighborhoods they are willing to invest in.
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8 January 2019 | 1 reply
For me, loosing 10% of the profits is better than spending the time myself.