All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
every post in the capital rooms
Reading an intercreditor draft on a recap I'm looking at, $34m value, $22m senior, $4.5m mezz behind it at 12 and a half. The coupon is the part everyone argues about and I think…
I wanted income that didn't come with a phone call at 9pm about a water heater, so in the spring I put $18,000 across two mortgage REITs, one agency name and one more diversified.…
A job payout cleared and 400k of it is sitting in a money market while I argue with my own spreadsheet. I want liquid real estate exposure instead of another ground-up project, so…
Working through a supplemental for a mid-cap industrial name and the headline story (REITs implying 6.3% against private appraisals around 5.1%) keeps shrinking as I strip things…
Third JV I've read the documents for this year and the capital call section is where the two philosophies actually show up. Camp one says the non funding partner gets diluted hard…
The prepayment section on a note I'm drafting reads that the borrower may prepay in whole or in part at any time without penalty. That single line hands the duration of the asset…
I do construction, mostly multifamily interiors, and a sponsor buying a 90-key limited service asked me to price the room renovation. Soft goods, casegoods, corridors, some bathro…
I'm reading the PPM for a value-add multifamily fund. Target leverage 65 percent at the property level, and there's a paragraph telling tax-exempt investors to expect unrelated bu…
Moved an old employer plan into a Roth self-directed IRA in the spring. 214k sitting in cash at the custodian, earning almost nothing while I argue with myself. What's in front of…
I've done trade work for fifteen years and I'm buying a house to renovate and resell for the first time. Purchase 182k, renovation I've scoped at 58k doing most of the work myself…
20m target fund, hard cap 25m. An anchor is offering 5m at first close and their side letter asks for management fee at 1.25 rather than 1.5, no change to the promote, quarterly p…
Trying to size an entry position and the ranges I see quoted are all over the place. People talk about $20,000 notes and people talk about $150,000 notes as though both are normal…
Posting this because I did the modeling carefully and still ended up with the wrong answer, and the mistake was in the structure rather than the math. I bought a partial rather th…
Pulled the terms of sale for a county I've been buying in and read the paragraph everybody scrolls past. If the sale is later set aside, or the certificate is voided for a defect…
I've got an old 401k worth somewhere in the mid forties that I could roll into a self-directed account. What I want is income showing up without me acquiring a second job, so the…
I moved 178k of traditional IRA money to a custodian last spring, planning to run it as a note book. First two loans went out clean, 11 percent, 12 month terms, both to a small bu…
I run active deals, small stuff, and I've never been the passive money before. Guy I've known from a local meetup for three years is raising a $40M fund to buy manufactured housin…
Fund II strategy is infill on the vacant pads we already own. 3,200 pads across the portfolio, 470 vacant, mostly clustered in six parks in the Southeast where the market lot rent…
A client of mine described a deal as "senior at 60, mezz to 78, then equity" and I nodded like I understood. I get that it's layers. What I don't get is what the layers actually m…
$16m acquisition, senior quoted $12m at 6.75 with a 1.20x DSCR test, and I'm $2.5m short of closing. Found a group willing to do it as a mezz loan at 12 with 9 current and 3 accru…