Keifer Rawlings

SVP, Originations @Arbor1. Freddie, Fannie, and FHA ($1mm+). MF CMBS ($4mm+). MF Bridge ($15mm+). Ground up, Bridge, and Perm BTR/SFR ($5mm+)

[Arbor Realty Trust @arbor1]

Partnering with Keifer Rawlings, #ArborRealtyTrust clients got $42M in APC financing for a #multifamily building with 149 units in PA. Reach out to Keifer today to learn more about our APC products at: https://t.co/Vi9jjNFv55 #ClosedLoan #CRE #REIT

[Arbor Realty Trust @arbor1]

Working with Keifer Rawlings, #ArborRealtyTrust clients got $4.8M in #FreddieMac Small Balance financing to support their refinance in the Kansas City MSA. Contact Keifer to learn more about Arbor's Freddie Mac Small Balance program https://t.co/VmCk9UWnJY #ClosedLoan #CRE #REIT

[Arbor Realty Trust @arbor1]

#ArborRealtyTrust's Keifer Rawlings helped his clients get $45.6M in BTR financing for their 183-unit property located in Santa Fe, NM. Contact Keifer today to learn more about our BTR products at: https://t.co/qn3RSUNso0 #ClosedLoan #CRE #REIT #SingleFamilyRental #SFR

[Keifer Rawlings @KeiferRawlings]

Freddie Conventional decreasing spreads 10 bps across the board this morning. A good sign as we begin working on 2025 business.

[Keifer Rawlings @KeiferRawlings]

FHFA just announced Fannie and Freddie volume caps of $73B a piece for next year. An increase from this year’s 70B caps. Great news for the MF industry.

[Keifer Rawlings @KeiferRawlings]

@BarryRoland19 My borrowers reach out for most recent comp set from appraiser in direct sub market. Typically easy and quick turn from appraiser to us to you.

[Keifer Rawlings @KeiferRawlings]

We continue to stay active in both MF and BTR/SFR. Ground up, bridge, and perm solutions. Reach out if I can be of help on your next deal or simply to talk shop.

[Arbor Realty Trust @arbor1]

#ArborRealtyTrust's Keifer Rawlings helped his clients get $50M in #BTR New Construction Loans. Contact Keifer to learn how Arbor can help you with your next financing project. Learn more at: https://t.co/DaghAyNgkz #ClosedLoan #CRE #REIT #SFR #ArborActive #SingleFamilyRental

[Keifer Rawlings @KeiferRawlings]

@cre_debt_broker Refresh the app, net positive to borrower though credit spreads are widening

[Keifer Rawlings @KeiferRawlings]

@DallasAptGP @MrLimoRE I’ll spare the DMs but if Mr Limo or any others want to talk shop and get the “low down” on rates/environment, my DMs are open, I think. The whole check mark thing I gotta figure out.

[Keifer Rawlings @KeiferRawlings]

@DallasAptGP @MrLimoRE 😉

[Arbor Realty Trust @arbor1]

Partnering with Keifer Rawlings, #ArborRealtyTrust clients got $22.9M in Fixed-Rate Term financing for a #multifamily portfolio of 146 units. Reach out to Keifer today to learn more about our Fixed-Rate Term products at: https://t.co/blluFcRijR #CRE #REIT #SingleFamilyRental #SFR

[Keifer Rawlings @KeiferRawlings]

@joeybaum13 @CaseyMericle We’ve got a bunch of reports on our website site done in tandem with Chandan Economics. Happy to help with any further data you’re looking for

[Arbor Realty Trust @arbor1]

Working with Keifer Rawlings, #ArborRealtyTrust clients got $34.8M with one #FreddieMac Conventional Loan and two #FannieMae Small Loans to support their transactions. Learn about Arbor's Loans: https://t.co/RnIb6mrj0w
#ArborClosedLoan #Multifamily

[Barrett Linburg @DallasAptGP]

Long post coming

The easiest way to think about Opportunity Zone investing is as 2 separate tax events

1⃣Original gain
You must have a realized capital gain to invest into an OZ Fund. This tax liability is deferred by investing in an Opportunity Zone Fund. The way the legislation reads now, the capital gains taxes would be recognized in tax year 2026 and payable April of 2027. This deferral of the tax liability is the smallest OZ tax benefit

2⃣OZ Fund 10-year Step Up
The OZ Fund that you invest into will develop and substantially renovate property. A smart OZ Fund developer will also use cost segregation and bonus depreciation in order to maximize tax losses on those buildings. As long as the buildings owned by the OZ fund are held for 10+ years then there will be no capital gains tax or depreciation recapture upon sale. The step up in basis after a 10+ year hold is the largest OZ tax benefit

There are 3 common ways that I see people think about the deferred taxes coming due. These can be used in combination with one another. Every strategy will be different based on the size and makeup of an investor's portfolio and total net worth.

1⃣
The most conservative/rational is to not allocate 100% of the capital gain into an OZ investment.

For example, if they have a $1,000,000 capital gain, they could put $800,000 into the OZ Fund and $160,000 into treasuries, and pay $40,000 in taxes (on the portion that they didn't invest into OZ).

By the tax due date, the $160k invested in treasuries would be more than enough to pay the deferred tax bill on the $800k invested in the OZ project.

2⃣
There are multiple ways to reduce a deferred tax bill.

OZ investors know that their taxes aren't due until tax year 2026 and they know the type and size of gain being deferred. Was it a passive activity gain, a portfolio gain, etc...then they have 2 years to create losses and loss carryforwards which could reduce or fully offset the future tax liability.

This could be through utilizing cost segregation and bonus depreciation if the investor came in with a passive activity gain OR through tax loss harvesting if they came in with a portfolio gain.

3⃣
YOLO

Some people are simply banking on the OZ project distributing enough cashflow and refinance proceeds to help them pay their deferred tax bill. We think that our projects will be able to do this (even with todays rents/rates) but it is not guaranteed and many other projects are not in as healthy of a position

[Keifer Rawlings @KeiferRawlings]

@MultifamilyMark FHFA has cracked down on Fannie and Freddie in regard to asset quality. Large focus now. Required hold back is likely to guarantee work gets done to get the asset from a 3 to a 2.

[Keifer Rawlings @KeiferRawlings]

@jsynergy @SamHunt22 @Team_SHR26 @ToyotaRacing @CoreyHeim_ Yo what?! So sick. Congrats, Justin. Always up to big things, love it

[Keifer Rawlings @KeiferRawlings]

@khzny @EllliotttB And some states doing away with liability waivers

[Keifer Rawlings @KeiferRawlings]

@Bsobiecki Sgo Os

[Keifer Rawlings @KeiferRawlings]

@ibuyrvparks Harper’s Ferry

[Keifer Rawlings @KeiferRawlings]

@dtmorgan18 @JeffFeldman_ Feds RRP is approaching zero, don’t think they are going to need to go any higher.