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When will the 80% LTV days come?We used to have a pretty good lending relationship that was funding 80% LTV for retail and hotel properties provided of course that the debt service coverage was very strong. However, once the recession hit, this changed pretty fast. Nowadays I am only slowly starting to hear about 80% LTV, but... 4 weeks 1 hour
Any build to suit developers here? It's a space I am increasingly fond of lately and wanted to get an idea of profitability here. For example, I own a pretty good piece of land. On one side there is a Wendy's on the other is a McDonald's, so the location is pretty good for another restaurant chain. I am just trying to understand the... 1 month 1 week
Working with equity placement agents/capital...Previously we were raising money through our private client list, but lately we been approached by several placement agents that like our portfolio and acquisition criteria. I know typically fees vary anywhere from 5%-7%. How are the fees structured? Some of them are asking for an upfront retention... 6 months 3 weeks
How much do CRE brokers lie? Currently been bidding on this retail strip center and I truly skeptical of what the broker is saying about other bids. He works for one of the big brokerages. Anyways I know there are brokers on this board or former brokers, how often did you provide "misleading" information to increase bidding... 8 months 4 weeks
Real Estate Appraisal Question?This is a simple question for the lenders/appraisers currently here. Currently looking at cashing out on one of our properties, but want to gauge the value of the property. Our current bank that we have a strong relationship with is most likely going to finance this. However, if we order the... 9 months 2 weeks
Max LTV from lenders?Currently looking at buying a property that is coming into my market for my family. Looking to do a cash out refi on one and then use that capital to buy the other. Was doing the calculations and need about an 85% LTV, which I know sounds ridiculous, but I am being told that since we are still... 9 months 3 weeks
Land Development Questions?So in the area near where I live there is prime area that's for sale on the market. The total price we are looking at is $250k, which is actually very good for 2 acres. The deal is off-market, which allows us to get a really good price and we have known the seller for 15 years. Now this is a... 11 months 1 hour
Have you ever been fired or laid off?Was in the middle of cleaning filing cabinets at home and saw an old termination letter from one of my first jobs. Though it was several years ago, I can still remember it like yesterday. A new boss came in, who was an incredibly terrible person, and only focused on cost cutting. She had no clue... 12 months 4 days
Make a wish foundation gets kid an internship at...http://finance.yahoo.com/news/warren-buffett-surprises-teen-cancer-175041452.html Let's see how many idiots start claiming they have cancer now. 1 year 3 weeks
95/5 Equity Structure QuestionCurrently working on a deal where the sponsor is putting in 5% of the required equity. The 95% is coming from a pension fund. The sponsor has listed an acquisition fee in the loan amount. The package states that the sponsor will consider the fee to be used as the 5% equity portion. Is this... 1 year 3 months

Comments

Preview Freshness
LOL, great description LOL, great description 3 days 15 hours
Not sure what your household expenses are, but if...Not sure what your household expenses are, but if you are making that much and saving decent money, why not start your own business. You seem like you would have the capital. Start something you enjoy to do. Obviously find something that makes you money and doesn't put your family at risk. I know a... 4 days 19 hours
Based on the deals they do, I am sure there would...Based on the deals they do, I am sure there would be good exit ops if you could manage to stay for two years. They have done some very good deals, but from what I hear their deal flow has slowed somewhat. Again I know a guy that used to work there, so I don't know much else about the company. Also... 1 week 21 hours
Incredible track record and the principals all...Incredible track record and the principals all have strong backgrounds. I hear the culture is terrible though. The chairman is kind of a nutjob and requires you to be pretty much be working all the time. High turnover from what I understand. 1 week 1 day
Agree with what everyone else said. Never was...Agree with what everyone else said. Never was asked for GPA and nobody seems to give two shits about it. 2 weeks 7 hours
In my opinion, the biggest hustlers around are...In my opinion, the biggest hustlers around are those that are in real estate. The top real estate people I know that are crazy wealthy have probably never evened opened excel. I know a bunch of local developers who pretty much just use their instinct when building. They hustle to build contacts,... 2 weeks 1 day
There are plenty of stories, but I recall one...There are plenty of stories, but I recall one that was pretty much luck. I can't remember the bank, but it was in Southeast and they had a ton of branches. It was basically a community bank that was going under. This was during the peak of the 09 recession. The bank announced it was closing and... 3 weeks 3 days
Agreed with Prospie. Also hospital systems are...Agreed with Prospie. Also hospital systems are smart. They will often times only do a ground lease and not a full sale. Even in a full sale, hospitals are not the most trustworthy. For example, I know a group that was nearing the tail end of their 15 year lease with a hospital system. They should... 1 month 15 hours
Agreed. Chicago should be there instead of...Agreed. Chicago should be there instead of Seattle. Even Miami is higher up on the list than Seattle. 1 month 5 days
Cool. Yea, I know its impossible to determine...Cool. Yea, I know its impossible to determine cost because it depends on market, I was just making sure that there are sizable spreads that exist for developers. These small NNN retail assets trade for millions even in podunk areas. The cost to build them would be extremely cheap, so just making... 1 month 6 days