Three bed ranch in a working class suburb, contract at 118,000, end buyer signed at 139,500. Spread 21,500 and I had it under contract for 21 days. End buyer was using a DSCR lend…
Two land parcels closed within a month of each other and left me sitting on cash I don't want to deploy into another hold yet. Somebody in a local group mentioned transactional fu…
Closing this one out at month 11 because the payoff funded last week and I want the numbers down while they're accurate. The file. 2004 origination, note rate 5.25%, unpaid balanc…
I have 60,000 that has been sitting in a savings account doing very little and I have spent two months looking at exactly two options. I want the version that works, so I'm puttin…
Deal is $620k purchase, $180k rehab, so $800k all in. Senior hard money is 75% of total cost, $600k, funded in draws. Sponsor has $100k of his own. My piece is the last $100k, mos…
Trades background, so the only diligence I'm actually good at is looking at buildings. A manager raising a second fund of about $25M had 11 assets in the first fund and I asked fo…
Bought this one eight months ago. UPB $103,200, arrears at purchase $19,400, paid $47k. As-is value came in at $158k on a full interior walkthrough that the borrower let me do, wh…
Working out what a first non-performing note would really cost me end to end. The note price I understand. Then someone told me I need a licensed servicer and can't take payments…
Two funds sent me materials and the numbers don't line up in my head. One says minimum commitment $250,000, the other says $50,000, and a third product a broker mentioned apparent…
I've got two columns open and the second one keeps winning, which usually means I built it wrong. Column one, a duplex I can buy at $340,000. Gross rent $2,850 a month, so $34,200…
I'm about to carry on a 1970s three bedroom in a decent second-ring suburb, priced at 400k. Buyer is self-employed, two years of returns that no bank will read charitably, and he…
Diligence on a sponsor raising a value-add multifamily deal and I've hit a fork I can't reason my way out of. Their realized record is six exits, all between 2016 and 2021, averag…
Two offerings sitting side by side on the same platform. One is a senior loan on an apartment building, 10% annual interest, 24 month term, $1,000 minimum. The other is equity in…
I've got 3k I can commit and no property, no experience, and a lot of tabs open, so this is my first move of any kind. What I've found: one platform will let me into a pooled fund…
Committed $50k to a hospitality fund with a three-year investment period. The fee was 2% annually on committed capital during the investment period, stepping down to invested capi…
I've been reading gap funding from both ends because I'll probably need it before I ever lend it, and the two versions of the protection story don't line up. Version one is that t…
I'm sizing a first real allocation and the bidding rule is the thing I can't settle. Two coherent ways to run it and they produce different bids on the same certificate. One: pric…
Sitting on a file that's supposed to close Friday and the two halves of it don't want to speak to each other. My client's deal: 148,000 buy, 176,000 resell, end buyer with a local…
Called two funders about a $150k first leg. One says 2% of the funded amount with a $2,500 minimum. The other says flat $3,000 plus a $495 doc fee and I wire their fee back with t…
I've got a piece of a hospitality deal, small, and the sponsor sent a mid-year letter that's forced a question I didn't expect to be arguing about. The asset is a 132 key select s…