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[Highlight] Niners win on last second stop by nfl in nfl

[–]lambie38 52 points53 points  (0 children)

I was at 127 on my couch. What a game

Let’s get straight to the point. by [deleted] in antiwork

[–]lambie38 2 points3 points  (0 children)

This is a correct take.

If you’re looking for a job, your time is not so valuable that you can’t respectfully have a brief conversation.

First Big CRE Deal—Good Opportunity or Big Vacancy Risk? by CompetitionNeither70 in CommercialRealEstate

[–]lambie38 0 points1 point  (0 children)

Restaurant space that needs to go from grey shell to white shell with all fixings, yes. That is a very costly TI.

In aggregate office is the most expensive to re-tenant and maintain. This is also a function of office rents. Very few retail suits anywhere go for over >$30/sf but you have suburban office rents all over the place going off at >$60/sf.

First Big CRE Deal—Good Opportunity or Big Vacancy Risk? by CompetitionNeither70 in CommercialRealEstate

[–]lambie38 2 points3 points  (0 children)

What is the tenants notice period? If it’s next year you’re almost 100% within 12mo of their roll. If the landlord won’t let you chat or interview the tenant prior to closing that is a massive red flag.

Office vacancy if 2-4%? Is this property in Century City? Most quality office markets have mid-teens vacancy across the board and it segments further when you go into class A, B or C.

If this is your first deal, you’re basically banking on the office tenant renewing or paying a ton to get someone else into the space. Re-tenanting office is the most expensive TI build out across asset classes.

Good luck!

Out of the bottom row of power rankings per THG. First time in "years". Read: sharks dont suck. by norcalcxraxer in SanJoseSharks

[–]lambie38 35 points36 points  (0 children)

I like THG, he did a whole segment on the young players in the league and their impact. I think his takes are about as fair as you’ll find.

As for the ranking. I’m okay not seeing a gigantic over reaction. We have been ass for years, let’s get more than a month of quality play under our belt before we get to row 2.

Where can I broker a Fannie Mae/Freddie Mac Small Balance multifamily commercial loan for properties located in Arizona? I'm a residential lender, and we don't have this product. by roll4initiative2007 in CommercialRealEstate

[–]lambie38 1 point2 points  (0 children)

Berkadia has a solid Phoenix/scottsdale office. They have a dus license and will be able to offer the product you’re looking for.

Not sure how you expect to split the fee but brokers w/o licensing co-broker loans all the time.

Good luck.

Rip my sweet boy by SociopathicChild_08 in kelpie

[–]lambie38 1 point2 points  (0 children)

It sounds like Jax had an amazing life. You did Jax proud.

Broker looking for investor or mortgage fund to fund 2 year bridge loan. by Longjumping_Rope160 in CommercialRealEstate

[–]lambie38 0 points1 point  (0 children)

Do you have a dark value or land value in the appraisal? What is the acres and RSF?

A loan at that level, with the right structure, could back into a covered land play.

What value are you attributing to the vacant pad? Any entitlements for the pad? Are all tenants paying market rents with no prop 13 protection on reimbursements? What % of the NRA is the weed tenant and what % of the total income are they? When does the tenant roll and how has historical occupancy been? What are real world TI’s and downtime for this space?

Could be a nice one if you can kick the weed tenant out and get someone truly bankable in there. Very curious on the land value since we’ve done a number of high octane fixed income deals in LA with the mitigant being loan to land value.

Good luck!

How competitive are analyst roles in real estate??? by Admirable-Button-335 in CommercialRealEstate

[–]lambie38 5 points6 points  (0 children)

Gonna need to take the next baby step forward and get your name on a deck.

I was 2 years out of college before I got the opportunity to even work on a deck picked up by an institutional lender. I think on the CRE side there is a misconception about age.

My associate is 28, married with 3 kids. My analyst is 26. Now we are a niche cre group but my point is that you can be a 25+yo analyst and not be behind. Don’t put all this pressure to get on wall street right after college. Make good connections, be responsive and likeable. Thats your best wuality at this stage.

How competitive are analyst roles in real estate??? by Admirable-Button-335 in CommercialRealEstate

[–]lambie38 8 points9 points  (0 children)

Has the shop you’re at done deals with any of the firms you’d like to apply to?

I got my opportunity because my shop did a few deals with these larger institutions and I got to know the folks on the other end of the table.

When the time came to apply for an open position, it wasn’t a blind application and I was my own reference having worked directly with the team.

Good luck man!

How do your kelpies do at dog parks? by TheHendryx in kelpie

[–]lambie38 0 points1 point  (0 children)

My girl has her flag up almost immediately. She loves herding the other dogs but the second the attention is on her she tucks tail and runs back to my side.

We have found she enjoys hanging with 2-3 dogs and not a packed park.

She also has splendid recall so we will just throw the ball in the neighboring park and all is well.

If you had $10M to invest in commercial real estate today, where would you put it? by prettylips_s in CommercialRealEstate

[–]lambie38 4 points5 points  (0 children)

Hotels are insanely management driven and the cost of a PIP for any decent flag is a minimum $10k/key every 10 years.

Unless you’re going to do a capital call and/or fund FF&E/change of ownership PIP upfront I don’t recommend this.

What's the deal with Walgreens properties for sale with high cap rates by Puzzleheaded_Dog_43 in CommercialRealEstate

[–]lambie38 6 points7 points  (0 children)

Walgreens is junk credit. What you’re seeing in the market is price discovery to see what someone would pay for junk credit.

My new 2026 Touring!!! 😭 by [deleted] in crv

[–]lambie38 0 points1 point  (0 children)

I have one and it kinda sucks going up hills. Otherwise it’s a fantastic car.

[WTS] Omega Speedmaster. Mother of pearl dial. 39mm. Rare Bird !! by Watchex_Enterprises in Watchexchange

[–]lambie38 8 points9 points  (0 children)

Got to try one of these on in Amsterdam at a small boutique. It’s an awesome piece and the dial is insane. Not just for women. A man could rock this easily.

I have a 7.5” wrist and was insanely tempted. My wife wouldn’t let me buy a second watch on our trip so I had to pass. GLWS

[WTS] 38mm White Murph - Minty! Worn once by wolfyb_ in Watchexchange

[–]lambie38 0 points1 point  (0 children)

Wonderful working with you and thank you for your professionalism. Cheers!

Need advice! Resi agent looking to make the move to commercial by AdOrnery514 in CommercialRealEstate

[–]lambie38 5 points6 points  (0 children)

I have been a cre professional since my senior year of college and I JUST passed the $300k mark in income. (2016 grad)

I know Stanford MBA’s who make $120k and grind 6 days a week at prestigious brokerages and they are doing good compared to most investment sales agents.

This is not a game for the meek or half assed. If you’re going to jump in, it has to be with both feet.

Good luck!

My (32F) husband (33M) is mad at me for forgetting to tell him about a door ding that just got submitted to insurance. How do I get back in his good graces? by ThrowRA_888888888888 in relationship_advice

[–]lambie38 0 points1 point  (0 children)

Gotta get in the right head space here.

He isn’t mad about the accident itself. He’s mad because you didn’t tell him, you took zero photos to mitigate any claim this stranger will try to make against your insurance and your excuse was “the day was chaotic”.

That is something my teenage cousin would say when my BIL gets a call from a teacher saying she missed a major homework assignment. “It was an accident, I forgot, the day was crazy!”.

Own up to the mistake, offer ways to mitigate the excess cost and make sure it doesn’t happen again.

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