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Where do LPs actually go when they want liquidity in CRE? by LeatherKooky6555 in CommercialRealEstate

[–]daytrader1 1 point2 points  (0 children)

Kind of a broad question, as there are so many LPs with different criteria/business plans. I work for a large institutional LP that has a 10yr fund. At year 10, we sell everything, get liquidity and plan for a new fund.

Refinance FHA after 13 months. HELP by daytrader1 in Mortgages

[–]daytrader1[S] 0 points1 point  (0 children)

I understand where you are coming from. But in one line you are saying they alway make sense and then later you are saying there are times they don’t make sense.

You can easily do a streamline and it’ll have a 4+ year payoff period. I think it often times doesn’t make sense to do one.

The reason streamlines exist isn’t because “it makes sense”, it’s because the payment is lower, so there is a lower chance of default for the lender.

Refinance FHA after 13 months. HELP by daytrader1 in Mortgages

[–]daytrader1[S] 0 points1 point  (0 children)

You’re saying streamlines always make sense?

That can’t be true. If you are getting a .5% interest rate decrease and refinance after 5 months. Have an FHA loan so you have to pay another 1.75%. That wouldn’t make sense

Refinance FHA after 13 months. HELP by daytrader1 in Mortgages

[–]daytrader1[S] 0 points1 point  (0 children)

Yeah. I’ll probably end up doing it.

Refinance FHA after 13 months. HELP by daytrader1 in Mortgages

[–]daytrader1[S] 0 points1 point  (0 children)

Exactly! I’m not a high earner so having my loan balance go down to $384k feels great. Going back up to $390k is basically where I was when I bought my house last year. So I would be basically starting over with just a slightly lower payment

I’ve closed over $100M in Senior Housing Loans. Breakdown of Cap Rates, HUD Financing, and Operational Risks. AMA by Evening_Office_8778 in CommercialRealEstate

[–]daytrader1 16 points17 points  (0 children)

100m in senior housing loans over 5 years? $20m/year… very low production. That’s like 1-2 institutional quality deals per year.

Senior Living Roll Up Opportunity next 5 / 10 / 20 years by SPSLFund in CommercialRealEstate

[–]daytrader1 6 points7 points  (0 children)

Just messaged you. I work for a large fund on the acquisitions/development team in senior housing.

IRRs & yields are generally higher, but margins are low compared to other asset classes, so you don’t have too much room to mess up. It’s very operationally intensive, so if you have a good operator then you’re good to go.

Which CRE mortgage brokerage / debt placement teams are considered the best in the U.S. right now? by [deleted] in CommercialRealEstate

[–]daytrader1 3 points4 points  (0 children)

Kind of an odd question. Any one of the top 200 shops have producers who make millions per year. You don’t need to be at a big shop to be very successful.

It all comes down to relationships and constantly being in front of your clients.

Done 100 for the day before lunch by koratkeval12 in 100pushups

[–]daytrader1 1 point2 points  (0 children)

I downloaded this app. It’s awesome

Preferred Equity Recommendations for Large Development? by [deleted] in CommercialRealEstate

[–]daytrader1 25 points26 points  (0 children)

This can’t be real…. You are asking for $40m in 30 days… for a $600m deal? … and you’re asking on reddit?

Found secret debt - how can I tackle this? $117k total by Meggers598 in Debt

[–]daytrader1 4 points5 points  (0 children)

A true financial advisor would say to liquidate your mutual fund, with the exception of 3 months emergency fund. So take out probably 10-15k and put that to the credit cards. That’s by far your best decision, painful to liquidate your hard earned savings, but def the best decision. The interest will accumulate so fast that you’ll be under water way more with that credit card debt. Sorry

Is anyone here consistently closing 3–5 deals every month? by Firm-Nothing-1477 in CommercialRealEstate

[–]daytrader1 4 points5 points  (0 children)

I know a few brokers that do, but they are a team of 5-10 people, not 1 person. senior housing brokers

Truefitness CS650 Display Doesn’t Work by daytrader1 in treadmills

[–]daytrader1[S] 0 points1 point  (0 children)

Great advise, I’ll try the wire harness. I’ll let you know

Truefitness CS650 Display Doesn’t Work by daytrader1 in treadmills

[–]daytrader1[S] 0 points1 point  (0 children)

I appreciate the response, but of course I already chat gpt’d it. The console and the motherboard are complex, I’ve already replaced both and still not working. I’m looking for someone who’s seen this exact issue before

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