Hey everyone, excited to join the group. I work on the commercial real estate debt side as both a direct lender and mortgage broker, primarily across bank, life company, and debt fund executions, and I also invest passively in commercial real estate deals. If helpful, I’d be happy to share periodically, real-time lender color on pricing, leverage, recourse, and which capital sources are tightening up or getting aggressive. Just from last week: • Regional banks were around 5.75% fixed • Life companies were quoting roughly 130–175 bps over Treasury • Bridge lenders were generally around SOFR + 275 depending on leverage and business plan The capital markets have become very deal-specific lately, and it’s been interesting seeing how differently lenders are underwriting industrial based on tenancy, rollover, sponsor profile, and market liquidity. Looking forward to connecting with everyone and hearing what people are seeing in the market.

We are headed to California for our Son's graduation and had planned on doing this call from the hotel. However, after multiple flight cancellations and rescheduling to get there on time, I wont be able to do the live q&a tomorrow. As always, you can post your questions here in the community to see what others may have to offer. I will see you guys next week!

https://event.on24.com/wcc/r/5361179/9027163406C2DC10574F31EB6C860673?partnerref=client Hey Team...My friends at Equity Trust are putting on a free seminar that you can attend whether you are a customer or not...above is the link to register and below is some information about it... A 1031 exchange can offer more flexibility than many investors realize. In this webinar, we’ll explore several creative approaches that may help investors navigate property transitions, access equity, and maximize tax deferral opportunities. Topics include: - Refinancing a replacement property versus taking cash boot   - Converting qualified use property into a primary residence   - Turning a primary residence into qualified use property for a future 1031 exchange - Combining standard and reverse exchanges to maximize tax deferral   - Key timing considerations and exchange deadlines   - Common scenarios investors may encounter during an exchange   Join us for an educational discussion on how these approaches may fit into different real estate investment scenarios. >> REGISTER HERE <<

We are under contract on a facility and I want to make sure I share this project journey with you so you can see the exact steps we take during the DD process. Teaching from theory is one thing. Walking you through an actual deal in real time is a whole different ball game. This is a good one as I've underwritten a lot of deals and have never come across something quite like this! This facility has 110 units. 35 of those units are past due for a total amount due of over $100k! Some made their last payment as far back as April 2018.. Another 19 units are being used by the owner and family for FREE! Current street rates are about 40% below market. No internet on site.. No Website.. No software.. No one answering the phones.. No P&L.. No management reports.. No tax returns... Just a spreadsheet rent roll and a handful of bank statements. Currently collecting about $2,500 per month. We should get that up over $10k per month within 3 years conservatively. Current 3 mile market supply = 17 square feet per capita. Average HH income = $66k 3 Mile Population = 29k people Under contract for $29 per square foot! Drop your questions or comments below! 👇