🚨 Current State of the Market 🚨 · Haven Investor Network

🚨 Current State of the Market 🚨

Here’s something wild I came across this week—There are as many multifamily properties selling for less than the debt owed right now as there were in 2010.

Why?

A lot of operators jumped in during the hype cycle of low rates. They overpaid, underwrote too optimistically, and locked in with adjustable mortgages.

Now those loans are coming due… and the math doesn’t work anymore.

What that means:

Properties are trading hands at discounts
Debt holders are forcing sales
The opportunity set looks very similar to what we saw after the last big crash

This is exactly why we stay disciplined with our underwriting and why I keep reminding everyone—the best deals aren’t when the headlines are screaming “hot market.”

They show up when other operators are stuck and need an exit.

📊 Poll: What do you think is the NUMBER ONE reason we’re seeing so many distressed multifamily deals right now? (there's no wrong answer here)

Adjustable rate mortgages coming due

Overpaying during the hype cycle

Underwriting too optimistically (ignored real expenses/vacancy)

Overall market slowdown / higher cap rates

Other (comment below)

3 votes

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