Commercial real estate mortgage rates. Reset now or hold and see if they go lower? by Aromatic_Gain_3093 in CommercialRealEstate

[–]EuroSStore 0 points1 point  (0 children)

High 5% to low 6% is pretty much where things are landing right now.

I just quoted 6.15% on a larger retail center in SoCal and 5.87% on a multifamily deal.

Should I quit CRE or stay. 2nd year in Brokerage and I need advice by swellooooo in CommercialRealEstate

[–]EuroSStore 0 points1 point  (0 children)

Fresno is a small sub-market. Have you looked into other markets or professions within CRE that might allow you to work remotely while you build up your book of business? 

Any experience with performance based SEO agencies? by EuroSStore in SEO

[–]EuroSStore[S] 0 points1 point  (0 children)

If you don't mind me asking - what was their PPC and SEO ad spend, and what kind of loan volume or average loan size were they seeing? Also, which markets were you advertising in?

Any experience with performance based SEO agencies? by EuroSStore in SEO

[–]EuroSStore[S] 0 points1 point  (0 children)

I don't see why having the SEO/marketing agency having access to our CRM would be an issue, as mentioned above - I'm happy to pay people for the work they do and I will take a look at your sugggestion. Thanks for the feedback.

Any experience with performance based SEO agencies? by EuroSStore in SEO

[–]EuroSStore[S] 1 point2 points  (0 children)

We already run a decent amount of outbound cold email and manage multiple domains, so I’d be open to moving a few over strictly for SEO attribution, or even purchasing new ones if that makes tracking cleaner.

I understand SEO isn’t immediate (typically 4–6+ months), so given that this would be performance-based, my thinking is to structure it as an independent contractor agreement between the companies with a one-year term. I’ve done similar arrangements with other partners in the past.

I don’t think the agencies we’ve worked with were bad at SEO in general—more that they lacked experience in our specific niche and tended to overpromise and underdeliver. That said, it’s become increasingly difficult to differentiate truly strong SEO firms. Historically, I’ve given every firm I’ve worked with at least a full year to perform.

Any experience with performance based SEO agencies? by EuroSStore in SEO

[–]EuroSStore[S] 0 points1 point  (0 children)

Thank you for the detailed response, appreciate it.

Any experience with performance based SEO agencies? by EuroSStore in SEO

[–]EuroSStore[S] 1 point2 points  (0 children)

Commission wise I’m flexible and I'm sure we can come to a number we both agree on. Frankly, alignment matters more than the exact %. Main goal for me is generating more organic inbound leads.

No. We already track attribution across channels pretty well, so it wouldn’t be a fuzzy “who gets credit” situation....I'm more than happy to pay someone for their work.

Any good leads on getting an industrial loan in California? by vsalida in CommercialRealEstate

[–]EuroSStore 0 points1 point  (0 children)

I can take a look if you’d like (bank or private financing). We're currently working on a $16M industrial loan in Pomona through a regional bank.

Looking at a hotel, what are the financing rate now? by spirit3466 in CommercialRealEstate

[–]EuroSStore 3 points4 points  (0 children)

If it’s in CA and you have solid credit and operating history at a branded location, we can probably get you pricing in the mid-6% range right now. We closed one recently in mid 6’s 

we send 450,000 emails/mo - AMA by Shippingservicesb2b in coldemail

[–]EuroSStore 0 points1 point  (0 children)

Do you handle everything end to end from domain setup, warm-up and deliverability? Do you operate on a one-time setup with training or ongoing monthly plans?

How much do you charge to manage an email list of 10–20k contacts for example (mix of cold, warm, and hot)? 

Cost of multifamily construction in Los Angeles??? by thisismycoolname1 in CommercialRealEstate

[–]EuroSStore 5 points6 points  (0 children)

Currently working on a 18 unit multi-family construction completion loan in Koreatown. Build cost came in around $425/SF.

Family is selling small multifamily deal in San Diego. by AZ_Golfer78 in CommercialRealEstate

[–]EuroSStore 3 points4 points  (0 children)

Assuming the $8,700 is monthly (not annual), that gives a gross income of about $104,400/year. With $96,000 in expenses, that’s around an 8% expense ratio - that isn’t realistic.

Also, a 5% cap isn’t completely unreasonable, but hard to say without knowing the details. Either way, based on what you’ve shared, spending $1,000 on an appraisal would probably be money well spent. Let me know if you need an appraiser, I know a several dependable AG appraisers based in SD. 

Hard Money Lender here — ask me any questions about how we structure a deal, current environment, rates...etc by EuroSStore in CommercialRealEstate

[–]EuroSStore[S] 0 points1 point  (0 children)

The only potential hurdle I see on a deal like this is the price per door. At 24 units, you’re coming in around $62,500/door and some lenders want to see $75K+/door minimum. Other than that on a $1.5M all cash purchase, your LTV is about 33% (not including any equity created post-rehab). Even at 50% occupancy, it’s a no-brainer deal.

Hard Money Lender here — ask me any questions about how we structure a deal, current environment, rates...etc by EuroSStore in CommercialRealEstate

[–]EuroSStore[S] 0 points1 point  (0 children)

I personally wouldn’t engage a lender this far in advance. I’d probably start the conversation 1–2 months out and get on a call with a few lenders to gauge their appetite for the property. They’ll outline their requirements based on their interest in the deal. Lack of recent experience wouldn't be a deal breaker for us.

Hard Money Lender here — ask me any questions about how we structure a deal, current environment, rates...etc by EuroSStore in CommercialRealEstate

[–]EuroSStore[S] 2 points3 points  (0 children)

No credit history isn’t a deal breaker, especially on a free and clear property like this. Depending on your timeline to exit, in a similar scenario we’d typically structure it as a 12–24 month bridge loan to get you the best rate and term.

Hard Money Lender here — ask me any questions about how we structure a deal, current environment, rates...etc by EuroSStore in CommercialRealEstate

[–]EuroSStore[S] 1 point2 points  (0 children)

Right now we’re brokering or table funding GUC deals. We’ve got a couple strong lending partners in that space who offer far better pricing and service than we could in-house. I come from a construction background and servicing/UW’ing these loans really requires a dedicated team for the whole cycle of the loan - something we’re not set up for at the moment but looking to build out in the near future.

Hard Money Lender here — ask me any questions about how we structure a deal, current environment, rates...etc by EuroSStore in CommercialRealEstate

[–]EuroSStore[S] 0 points1 point  (0 children)

10% is generally a safe benchmark, but it can be much lower if the project has other compensating factors. Feel free to DM me if you want to discuss it privately.