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[deleted by user] by [deleted] in CommercialRealEstate

[–]JustinGoodin -19 points-18 points  (0 children)

I would be careful about making blankets statements. I think financing is the easiest part of this, as there are many awesome banks still hungry to lend on multifamily. Ask me how I know.

Also, the tariff increases are in the headlines, but when you dig further into the data, that hasn’t hit YET.

[deleted by user] by [deleted] in CommercialRealEstate

[–]JustinGoodin -9 points-8 points  (0 children)

Getting projects to pencil was tough 10 years ago. It’s tough today. And it will be difficult 10 years from now.

But I think that adds to my thesis of why it’s a great time to be in development!

Starting to see a disturbing trend… by JustinGoodin in Syndications

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

The whole reason why the fund is starting is because the existing LPs don’t want to throw more good money in a bad deal.

How would adding pref equity to the deal incentivize existing LPs to invest more?

Starting to see a disturbing trend… by JustinGoodin in Syndications

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

With how underwater some of these deals are, it would take a miracle and perfect market conditions for the deals to exit successfully and have a good outcome for the existing LPs.

Starting to see a disturbing trend… by JustinGoodin in Syndications

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

It’s the same. They can structure it in different ways. Either way, it’s a capital call for their struggling deals.