With the 10-year at 3.8%, I do not see anybody being able to secure sub 5% rates in the near future. All of the debt quotes I've gotten in the past couple of months have been +5.75% with leverage capped in the 60s Thinking you could find this sort of debt package in our current environment is just wishful thinking. DM me when you need to sell
No chance. I'm sorry, but for a portfolio of this size you need a sizable lending institution and I haven't seen a single one that is quoting in the sub-5%'s since November (even sub-6% is getting hard to find). Also haven't seen anyone sizing on IO that tight, either, so proceeds might be a challenge. How much longer are your rate caps for?
when did you get the quote on the 4.75%? I can't imagine that was recent. Did you lock rate back in June/July (some relationship lenders were in that range then)?
Depending on affordability, GSEs may be able to offer a product as such. Especially for the loan size, they may be incentivized to be flexible. PM if you want to discuss more.
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With the 10-year at 3.8%, I do not see anybody being able to secure sub 5% rates in the near future. All of the debt quotes I've gotten in the past couple of months have been +5.75% with leverage capped in the 60s Thinking you could find this sort of debt package in our current environment is just wishful thinking. DM me when you need to sell
We closed last month at 4.75% for a single property. For a portfolio, somewhere out there is a vehicle for what we need 😉.
And no chance we are selling!!! It is a beautiful portfolio, just not going to cash flow for a few months to a year.
No chance. I'm sorry, but for a portfolio of this size you need a sizable lending institution and I haven't seen a single one that is quoting in the sub-5%'s since November (even sub-6% is getting hard to find). Also haven't seen anyone sizing on IO that tight, either, so proceeds might be a challenge. How much longer are your rate caps for?
when did you get the quote on the 4.75%? I can't imagine that was recent. Did you lock rate back in June/July (some relationship lenders were in that range then)?
If you know if a product that can meet us on the dscr, we are flexible on the rate!
Depending on affordability, GSEs may be able to offer a product as such. Especially for the loan size, they may be incentivized to be flexible. PM if you want to discuss more.
Thank you!
DM sent
Bulk loan fannie/freddie is best bet
Maybe it’s because I’m younger but the emojis in this thread are killing me.
I'm a lot younger then you would guess. But I like being old fashioned. I kinda have a boomer mindset 😂 for better or for worse.
How much value add do you need to do?
Optio qui ea officiis cupiditate eius. Non tempore perspiciatis et. Unde tenetur numquam illum quasi libero beatae eos. Odio consequatur repellat ea nisi sapiente aspernatur et magni.
Rem praesentium molestiae reprehenderit occaecati molestiae enim sed voluptates. Quisquam doloribus rem aperiam tenetur et. Incidunt debitis quo voluptatem aliquid harum minima. Debitis autem rerum odio quia modi quisquam commodi. Vel atque cumque adipisci itaque eaque. Saepe sit nostrum aut sequi expedita aut. Earum sit beatae vitae dolor sunt dicta laborum.
Tempora ut qui mollitia laborum. Mollitia id ad facilis dolorem molestias voluptas. Doloremque quia dicta exercitationem quis esse.
Dignissimos maiores dolorum porro et aut. Accusantium soluta autem earum est qui molestiae. Et facere et consequuntur quod eveniet. Sequi consequatur excepturi laudantium sint. Corporis neque ipsam et saepe possimus mollitia. Reprehenderit fuga quos et expedita est.
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