Anyone have or heard of a deal that involves the purchase of a large condo inventory. Ideally something at 100% LTC, waterfall structure where the lender is paid first, etc.
Critical that all of the capital can be put together at once.
My initial thoughts are maybe some type of CLO?
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Hi NNJCRE, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
I hope those threads give you a bit more insight.
Let me know when you find a 100% LTC lender.
If you are sophisticated, you might be able to find a bank that does 90-95% LTC with split of cashflow after interest payment, usually those banks will want a 7ish percent return on their funds based on the interest rate, CF splits and hold period.
Or you can be a syndicator raising money online, get bridge loan and Max lever up! Make money through fees and pray shit works out.
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