Jared Berkey

[Jared Berkey @JaredBerkey]

@NJTRANSIT Do people get fired at NJ Transit ever?

[Jared Berkey @JaredBerkey]

@NJTRANSIT_ME Even on the weekends! Love it.

[Jared Berkey @JaredBerkey]

@NJTRANSIT Best in the business!

[Jared Berkey @JaredBerkey]

@NJTRANSIT Lol. And we’re back !

[Jared Berkey @JaredBerkey]

@NJTRANSIT Are we still on track for this being done and back to normal schedule March 16?

[Jared Berkey @JaredBerkey]

@NJTRANSIT You can’t even make the trains coming into Hoboken run on time!

[Jared Berkey @JaredBerkey]

@NJTRANSIT_ME YOU SAY YOURE OPERATING ON A SPECIAL SCHEDULE YET YOUR TRAIN THIS MORNING ARRIVED EARLY AND DEPARTED EARLY, PRIOR TO THE SCHEDULED DEPARTURE TIME. (summit)

[Jared Berkey @JaredBerkey]

@NJTRANSIT YOU SAY YOURE OPERATING ON A SPECIAL SCHEDULE YET YOUR TRAIN THIS MORNING ARRIVED EARLY AND DEPARTED EARLY, PRIOR TO THE SCHEDULED DEPARTURE TIME.

[Jared Berkey @JaredBerkey]

@realEstateTrent Like pricing a house with a pool the same in Miami as in Des Moines, just because 🤷🏻‍♂️

[Jared Berkey @JaredBerkey]

@MultifamilyMark …Losing EMD and not raising enough previously will make it even more harder this go around, plus will likely need even more equity due to debt constraints.

[Jared Berkey @JaredBerkey]

@MultifamilyMark Oof. Doesn’t hurt to send over the updated numbers but getting D&E is going to be difficult. Debt: FCL is going to take most lenders off the table except for high interest full recourse bridge….which leads into Equity…

[Jared Berkey @JaredBerkey]

@TeamHerrold Care to share high level points 🙃

[Jared Berkey @JaredBerkey]

@baldersonjim What were the deal points ?

[Jared Berkey @JaredBerkey]

@TripleNetInvest 1031 buyer or bust ?

[Jared Berkey @JaredBerkey]

@realEstateTrent Luxury Travel? Yes 10/10 times.

[Jared Berkey @JaredBerkey]

@TheRealEstateG6 PP and Value two different things...Depends on lender. Some will be constrained by Loan to PP and others will rely more on the market "value" - Initial thought in my head from a lenders perspective is borrower will have less cash at risk which some lenders don't like.

[Jared Berkey @JaredBerkey]

@moseskagan @stillwell How do you get comfortable with this?

[Jared Berkey @JaredBerkey]

@moseskagan Truer words have never been spoken.

[Jared Berkey @JaredBerkey]

@MultifamilyMad And in most instances the “seller” has no intention to sell whatsoever and the broker is hoping for a Hail Mary offer that makes them change their mind!

[Jared Berkey @JaredBerkey]

@MultifamilyMad Because the broker has no control over the deal. The seller will see how the market values their property, and if they like it or it’s more than they expected, they may hold (likely) or choose to run a formal on market process to get the highest and best offer.