All 132 real estate strategies.Every room answered.
Start with a RE category
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Then pick the type of post
every post in the capital rooms
The seller's tape said 5.0% fixed on an $88,300 balance. The original note said 6.875%. That's how I found the mods. There were two of them, one from 2016 and one from 2020, both…
Co-invest, $400k, alongside a fund I'd been tracking for two years. Two properties, 466 units total, 1998 and 2001 vintage, one metro, closed spring 2022 at about $205k a door all…
Sponsor's minimum for a side letter was 250k. Individually the four of us were 60k, 75k, 90k, and 85k. Nobody was getting anything but the standard subscription docs and a PDF twi…
Reading an amended LLC agreement for a preferred equity piece on a construction deal and one section stopped me. On a "Preferred Return Default", defined as failing to pay the cur…
Working through a pref position on a 140 unit 1980s value-add and I keep landing back on the same problem, which is that the position doesn't cover itself out of operations for th…
I'm doing scope pricing for a group buying a 288 unit 1996-vintage property in a Sun Belt submarket where deliveries are dropping off hard after 2026. Two scopes on the table and…
A sponsor I've been tracking is syndicating a $3.1M mezz piece behind a $9.8M senior on a grocery anchored strip in a secondary market. Minimum is $250k and I'd be taking one unit…
Reading a private credit vehicle's offering memorandum and the structure chart puts whole loans and B pieces inside the REIT and pushes mezzanine into a parallel vehicle. The tax…
Two brokers in the last month have come back to me with the same message, which is that my quote is no longer competitive. I have been holding at 11.5% and 2 points with a 70% cap…
Two conversion decks came my way this month and they argue for the same strategy in opposite ways. The first one spends most of its pages on basis. Secondary office is distressed,…
Bought a first lien in a judicial state in early 2024. Unpaid balance $96,300, note rate 4.875%, payment $711, borrower 14 months down. Single family three bed one bath, drive-by…
Got offered an allocation in a private open-ended real estate fund. 100k minimum, quarterly redemption with gate language that let them suspend, marks published quarterly by the m…
I've done four deals with outside money now and the fourth one is the only reason I'm posting, because it took one email. Deal one, two years ago: 145k of equity from three people…
Five offerings have come across in the last four months and four of them are credit. Two are first time debt funds from equity shops that have never originated a loan, one is a tr…
I want income without picking up a second job, which is why the exchange-traded version of real estate appeals to me at all. But every thread I read here about REITs turns into se…
A sponsor I've done two small LP positions with asked if I'd introduce their next multifamily raise to people in my network. They're raising $9m of equity. They offered what they…
I've got about 150k earmarked for private real estate over the next couple of years, and every LP deal I look at has a 50k minimum, a couple at 100k. So my first check is a third…
Construction is what I know, so when the sponsor update said cost overruns on a value-add rehab I understood the substance. What I don't understand is my side of it. I hold roughl…
Reading a debt offering on one of the deal-by-deal platforms and the numbers under it are bothering me more the longer I sit with them. The deal: first position bridge loan on a 2…
Reading my first LPA and the fee section says 2 percent annually on committed capital during the investment period, then it steps down to 2 percent of invested capital after. So f…