@robbiehendricks Balance sheet is just more competitive now on multi especially in Tier 1 markets.
Doing one now that’s low 5% fixed, non-recourse, step down prepay, IO and a cash-out.
Also, large CMBS shops launched their own standalone multi product that’s competing with agency
@karsenthil Went to a fun concept in Australia a few weeks ago and was pondering why nyc doesn’t have something similar. It was enjoyable for adults as well
@LA_Multi_Fam Are the options recourse? Currently doing one that’s at 5.5% fixed for 5 years/ 30 am with 54321 PPP and non recourse or 5.75% fixed 15 yr/ 30 am with no prepay and recourse