CRE Capital Guys

Not Apollo or the band...CREED is the name & CRE capital markets is our game.

[Offmarketbrokr @offmarketbrokr]

If you're a Sponsor on the @CREEDTech1 network, we're excited to announce the addition of a new LP to our platform. Total capital to be deployed within the next 12 months is $100M, targeting Multifamily and Hospitality deals (open to development), with a minimum check size of $5M and maximum check size of $50M. Please don't forget to post your deals to our equity marketplace. If you're a Sponsor in the Hospitality, Multifamily or Industrial sector, let's connect for a demo of our platform.
#CREED #investmentopportunities #LP #Sponsor #EquityMarketplace #CRE #equity #debt #hotels #hospitality #industrial #multifamily #btr

[CRE Capital Guys @CREEDTech1]

Great work Creed Team!!!

[Traded: Los Angeles @tradedla]

LOAN
IMAGE: Gilad Tamir & Adam Greenberg
DATE: 08/17/2023
ADDRESS: 3843 & 3849 8th Avenue
MARKET: San Diego, CA
ASSET TYPE: MultiFamily

LANDLORD: Greenline Real Estate (@greenline_re) - Adam Greenberg & Gilad Tamir
...

View Post on Instagram: https://t.co/QUvOLweIuZ

[Finovate @Finovate]

Alex Leybov (Founder) and Sasha Terenteiv (Analyst) with @CREEDTech1 demoing the company's digital solution to increase liquidity within the commercial real estate sector. Headquartered in New York, NY. Founded in 2020. #Finovate

[CRE Capital Guys @CREEDTech1]

We remember the days when value add acquisitions had a similar going in cap rate as a stabilized acquisition. That changed with ultra low short term rates. Now that short term rates are relatively high will we go back to that paradigm?

[CRE Capital Guys @CREEDTech1]

Some updated lender terms from a recent discussion:

Type: Private Lender

Geographic focus: National

Asset Focus: Multifamily

Loan type: Non-Recourse Bridge Financing

Proceeds: 5-$15mm

Rates: SOFR +4-4.5%

LTC/LTV: 75% Max

Fees: 1.5%

Term: up to 36 months

Other info: Acquisitions only, requires rate cap

[CRE Capital Guys @CREEDTech1]

@3NDeveloper Having sales data can be very helpful when seeking financing as well so this is some strong advice.

[CRE Capital Guys @CREEDTech1]

@ArtemTepler Talk about actionable information! This is the good stuff. Thanks Artem.

[CRE Capital Guys @CREEDTech1]

@jefffeldman Love this. Don't be shy. Persistence pays off.

[CRE Capital Guys @CREEDTech1]

From time to time we want to highlight CRE lender loan programs to share some market insights:

Lender: Banking Institution

Geographic focus: National

Loan type: Recourse Bridge Financing

Proceeds: $2-$20mm

Rates: Prime +1-2%

LTV: 65% Max

Fees: No origination fee

Other info: All asset classes, No land, no construction, owner occupied ok.

[CRE Capital Guys @CREEDTech1]

@ATDrummond @bobbyfijan The lack of quality public schools seems to be one of the main drivers when young families leave the city for the suburbs.

[CRE Capital Guys @CREEDTech1]

@realEstateTrent What type of debt (bank/CMBS/Life Co) is preferred for your deals?

[CRE Capital Guys @CREEDTech1]

@JTMartingCRE Yes, you should certainly educate yourself on office in addition to the rest of the main asset classes. Frankly your fresh perspective may allow you to see value where others don't due the current state of the office market.

[CRE Capital Guys @CREEDTech1]

@SFR_Investor Well that makes sense. Thanks for the follow up

[CRE Capital Guys @CREEDTech1]

@sweatystartup Appreciate the honesty here. I know self storage has been an attractive asset class on the development side of things. Any chance the supply/demand dynamics are shifting due to all that development?

[CRE Capital Guys @CREEDTech1]

@SFR_Investor My question would be how is this private lender making an attractive return at that interest rate. Current rates do not provide for positive leverage on lender capital.

[CRE Capital Guys @CREEDTech1]

@iononrecourse Thanks. The OZ program doing its job!

[CRE Capital Guys @CREEDTech1]

@SFR_Investor These are very competitive terms today. Seems to good to be true.

[CRE Capital Guys @CREEDTech1]

@jchal MC RE Trade

[CRE Capital Guys @CREEDTech1]

@realEstateTrent Handshake and eye contact for sure.