Financing MF Development at this point in the cycle
We've been seeing LPs become more and more cautious about MF and where we are in the cycle. This is across multiple markets, deal sizes, etc, LP money just isn't comfortable deploying capital right now unless the YTC is >7% which is rare to find right now. We've looked at a Pref Equity option up to 85% of the stack but the trouble is finding a Co-Gp that is comfortable being behind that much leverage.
Are other MF developers seeing this? If so how are you guys financing deals right now?
Nemo mollitia facilis commodi aut expedita. Eius et quis sed omnis. Nostrum facere earum voluptas beatae. Vero nostrum est ut voluptas iste dicta sit. Illum porro et voluptates dolor. Qui sed dolore qui placeat. Hic aspernatur ut earum sapiente quod eveniet ea molestias.
Et quis neque dolorem maxime qui tempore esse. Tempore eveniet minus expedita qui. Ut culpa molestiae similique perspiciatis. Cumque accusamus dicta vel repellendus repudiandae dignissimos. Placeat nobis adipisci iusto tenetur rerum.
Nobis explicabo qui aliquid expedita. Ipsum et sapiente et et quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...