In a previous article, we asked a question: how will development deals continue to get built in a high interest rate environment? With construction and financing costs continuing
Over the past two years being an equity broker, I was always struck by the aggressive capital stacks sponsors were using. Floating rate bridge debt up to 80%
I spoke to expert developer and friend Joshua Hamby about development starts the other day. I personally didn’t understand how development deals are going to get
Someone pitched me a deal recently. It was a good one honestly, going it at an 11% cap, with upside… (we will be accepting investors for the opportunity
If I would dumb down our underwriting process to one metric, I’d say it is understanding the true underwritten stabilized Yield On Cost. The Yield On Cost metric is manipulable, as