@ClarenceWongCRE I believe that’s an over generalization. Depends a lot on what type of lender and the improvements of the pads. For example a raw land pad requires little to no pay down. Banks are much more versatile typically. Also has alot to do with appraisal and LTV’s / DCR’s
@mayorNHL Well if you extrapolate that out and we end up with 8 fewer points than last year we are borderline missing the playoffs…let’s hope we improve and Hiller makes some better decisions.
@dirtdog Your thesis on California stores is a bit nuanced. Roughly 20% of all US Starbucks are in California. So 30% of the store closings coming out of CA is not that extraordinary
@3NDeveloper Love to see you put this out there. Infinitely curious if it results in viable deal flow!! Keep us updated?! If it works I’ll immediately become a twitter influencer 😛
@dirtdog Not just rent but Cams & Taxes for a true “health ratio” assuming it’s NNN. Also retail has a relatively wide range of good health ratios. A grocer should be up to 5% and a gym could be as high as 20%. But yeah sales reporting data is a huge asset to have.