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
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
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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
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?
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
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.
@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.
@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?
@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.