Challenges?

Thank you for reminding of possible challenges in owning  B/C class MF properties in tier three markets.

- For us, the most challenging thing about multifamilies in Chicago is not necessarily the number of repairs.

Challenges?

Challenges?

Depending on how your borrower responds could go longer if they file bankruptcy or challenged the debt in court. have you made any contact with the borrower to see if he or she is willing to execute a deed in lieu?

Challenges?

Challenges?

This forum is great, but in the situation, I would consult an attorney and prepare for a legal challenge.

Challenges?