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
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
In the past week I’ve been presented with three deals that had same story: Sponsor reaching the end of term on his/her bridge debt–>attempts to refinance–> proceeds