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…
Take a debt offering on a deal-by-deal platform: a first position bridge loan on a 220 unit self storage facility in a midwest town of about 9,000 people. Loan amount 4.1m against…
A capital call triggered by cost overruns on a value-add rehab is one of the more common events in crowdfunded real estate, and the mechanics matter more on a small position than…
A common fee structure in an LPA charges 2 percent annually on committed capital during the investment period, then steps down to 2 percent of invested capital afterward. In the e…
A common situation for a first check into residential bridge debt: two managers send documents, the structures come back completely different, and it is genuinely hard to say whic…
Simple numbers so anyone new can follow. Say a sale at 240,000, the buyer puts 40,000 down, and the seller carries 200,000 at 8.5 percent, amortized over 30 years with a balloon a…
A small mistake worth writing down because it's an easy one to repeat. Say an operator pays a two person shop $600 a month for two months to run Facebook lead ads pointing at priv…
Something worth flagging in how funds get put together under the current rules. The deferral piece for investments after 2026 runs on a rolling five year window. The elimination o…
I've been screening industrial because the net lease pitch makes sense to me as defensive income, and I can't find anything to actually buy. Every well-located modern logistics as…
This is a total loss worth studying in plain terms, because the offer shape shows up constantly. What it is. A group syndicates a $480,000 second position loan against a 44,000 sf…
Take two 200 plus unit decks, both Sun Belt, both value-add, both claiming the supply pipeline in their submarket stays tight through 2027, with nearly identical entry caps. The d…
A common first mistake with seller-financed notes is a spreadsheet with a single column labeled payment received. That treats a note payment as one thing when it is really two arr…
Following on from my dumpster question. I did the cleanout myself over two weekends and before anything went in the can I pulled out anything metal. What came out: the riding mowe…
Story
I subbed drywall on a gut of a small mixed use building last spring, four retail bays and eight units above. The GC's drywall lead had been in the trade thirty years and knew ever…
A buyer's agent asking for a signed representation agreement before showing property has become standard practice in most markets since the change in how buyer agent compensation…
When one proposal says full marketing program included and another itemizes photography, floor plan, property site, social campaign and print, the itemized one is usually the more…
A useful case for anyone doing land content work. A two-broker land shop asks a writer to formalize what had been an informal favor into a retainer: $1,900 a month for up to three…
I'm putting numbers on a small shop, six or seven agents, and I keep hitting the same fork. Two owners let me sit with their P&L and they do this opposite ways. The first runs a 7…
I've been reading listing agreements for practice because I want to understand the service side before I ever sign one. The commission line is easy to read. What the seller gets f…