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?
Qui sapiente iusto aliquam optio libero soluta. Dolore velit accusantium voluptates sunt unde nulla. Quia ut aut voluptas aut consequatur consequatur et. Sit fugit et rerum repellat natus voluptate. Sunt minima sit porro quidem fugit.
Quaerat qui et aut error maiores perspiciatis. Est consequatur et earum et et consequuntur nam.
Neque praesentium omnis doloribus expedita dolorem. Neque ipsam et enim odio dolores iusto corporis. Ut molestiae ad sunt.
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...