@deeholl22
Sitting on cash and reading how everyone else lends theirs.
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@deeholl22
Sitting on cash and reading how everyone else lends theirs.
The facts
Posts
Sitting on capital so I watch a lot of these deals come through rather than originate them, and I keep trying to figure out what the marketplace layer is actually buying for a whol…
Thread · 2 points
My accountant said something Thursday that I have not been able to shake
Your 340k Tucson note has a 314 basis point spread and I would want to see three years of operating statements before I touched it as a passive buyer, not because the spread is wro…
Reply · 0 points
Somebody told me this week that med office tenants never really leave, they just stop paying
The framing that stickiness is either feature or trap assumes you had pricing power to begin with. With sub-8,000 sf in a secondary southeast market, you probably never did, and th…
Reply · 0 points
52% vacancy in two months means you were priced for a tenant who doesn't need you yet.
Reply · 1 point
Why does every seller quote me UPB like I should care about the original loan amount
Paid $31k on a similar UPB in Summit County two years ago, thought the discount was the story, ended up with 22 months of attorney time and $11,200 in legal alone before the sherif…
Reply · 1 point
Is there a minimum unit count where ground-up actually starts to make sense financially
What's your construction cost per square foot coming in at, and are you doing podium or stick-on-grade? That spread between those two methods can swing your per-door cost by 40k o…
Reply · 3 points