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ASK MIKE MONDAYS - What is the State of the Market?

ASK MIKE MONDAYS - What is the State of the Market?

Top of the market (A+ institutional construction) is getting a little frothy in the urban core and suburban markets throughout the nation. Spread between the A property and C property is flatting on the cap rates. Coming out of the 2008 recession the A’s recovered first and then the B’s and C’s followed. The cap rates between the different property types have compressed tremendously. Mike gives his insight on why his group is focusing on the “top of the work force housing” space.

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ASK MIKE MONDAYS - What is the State of the Market?
ASK MIKE MONDAYS - What is the State of the Market?
ASK MIKE MONDAYS - What is the State of the Market?
ASK MIKE MONDAYS - What is the State of the Market?
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Top of the market (A+ institutional construction) is getting a little frothy in the urban core and suburban markets throughout the nation. Spread between the A property and C property is flatting on the cap rates. Coming out of the 2008 recession the A’s recovered first and then the B’s and C’s followed. The cap rates between the different property types have compressed tremendously. Mike gives his insight on why his group is focusing on the “top of the work force housing” space.
Top of the market (A+ institutional construction) is getting a little frothy in the urban core and suburban markets throughout the nation. Spread between the A property and C property is flatting on the cap rates. Coming out of the 2008 recession the A’s recovered first and then the B’s and C’s followed. The cap rates between the different property types have compressed tremendously. Mike gives his insight on why his group is focusing on the “top of the work force housing” space.
ASK MIKE MONDAYS - Michael, what is the state of the apartment market today and any pro-tips you can...
ASK MIKE MONDAYS - Michael, what is the state of the apartment market today and any pro-tips you can...
ASK MIKE MONDAYS - Michael, what is the state of the apartment market today and any pro-tips you can...
ASK MIKE MONDAYS - Michael, what is the state of the apartment market today and any pro-tips you can...
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Michael discusses the status of the capital markets that he is seeing as a deal sponsor. Today, to be rewarded with a lower interest rate, Agency lenders want to see energy or water savings by apartment owners and/or tenants. This year, Fannie Mae and Freddie Mac made a change that calls for borrowers using their green-lending programs to commit to saving 30% on their energy and water consumption, with half of that reduction having to be in energy use.
Michael discusses the status of the capital markets that he is seeing as a deal sponsor. Today, to be rewarded with a lower interest rate, Agency lenders want to see energy or water savings by apartment owners and/or tenants. This year, Fannie Mae and Freddie Mac made a change that calls for borrowers using their green-lending programs to commit to saving 30% on their energy and water consumption, with half of that reduction having to be in energy use.
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: Ask Mike Mondays: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: Ask Mike Mondays: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: Ask Mike Mondays: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: Ask Mike Mondays: “M...
Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.
Are you interested in learning more about h...
Mike gives us an update on what to expect when you are raising capital to fund a transaction. First- it was higher interest rates, Second- it was the seller and the buyer not knowing the current value of property because cap rates have expanded, And Now, its raising equity to fund a deal. Are there LP’s wanting to invest? Michael chats about how a typical capital raise is going today. Listen to the guy that has acquired over 14,000 apartment units.
Are you interested in learning more about h...
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
ASK MIKE MONDAYS - Michael, What is a LURA?
oldcapitalpodcast oldcapitalpodcast | 5 years ago
To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant’s income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller’s agent if the property has a LURA.
To promote affordable housing, some older properties may have an income restricted LURA. A LURA is a LAND USE RESTRICTION AGREEMENT. It runs with the deed. This recorded regulatory agreement may restrict the amount of rent you can charge a tenant, based on the tenant’s income. If you rehab a property and are expecting to increase rents to justify the cost…a LURA may prevent you from being able to raise rents in the future. Make sure you ask the seller’s agent if the property has a LURA.
ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal s...
ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal s...
ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal s...
ASK MIKE MONDAYS - What are the normal minimum investment amounts (ie. $50,000 or $100,000) a deal s...
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Mike gives his insight on what’s going on in multifamily in DFW. He also discusses the impact of higher labor costs for apartment rehabs due to Hurricane Harvey in south Texas.
Mike gives his insight on what’s going on in multifamily in DFW. He also discusses the impact of higher labor costs for apartment rehabs due to Hurricane Harvey in south Texas.
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles: ASK MIKE MONDAYS: “M...
Nationwide Commercial Real Est... Nationwide Commercia... | 1 year ago
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
As you can imagine, with interest rates rising, many apartment investors have been pencils down. Investors are concerned with lower asset value & higher debt service. Is there any good news out there? What are some of the positive ideas that are occurring in apartment investing? Mike is starting to see some positive “green shoots.” Mike discusses some of those encouraging thoughts on what he is seeing in apartment investing. Listen to the guy that has acquired over 14,000 apartment units. Ar...
Q&A: Churchill Mortgage's Mike Hardwick on rising rates and the state of the housing market
Q&A: Churchill Mortgage's Mike Hardwick on rising rates and the state of the housing market
Q&A: Churchill Mortgage's Mike Hardwick on rising rates and the state of the housing market
Q&A: Churchill Mortgage's Mike Hardwick on rising rates and the state of the housing market
bizjournals bizjournals | 1 year ago
Mike Hardwick, president and CEO of Churchill Mortgage, sat down with the Business Journal to share his thoughts on rising interest rates, affordability and if recent homebuyers should be worried.
Mike Hardwick, president and CEO of Churchill Mortgage, sat down with the Business Journal to share his thoughts on rising interest rates, affordability and if recent homebuyers should be worried.
ASK MIKE MONDAYS - When you ask “for the money” from your investors, what is important for your ...
ASK MIKE MONDAYS - When you ask “for the money” from your investors, what is important for your ...
ASK MIKE MONDAYS - When you ask “for the money” from your investors, what is important for your ...
ASK MIKE MONDAYS - When you ask “for the money” from your investors, what is important for your ...
oldcapitalpodcast oldcapitalpodcast | 6 years ago
Typically on a capital raise you want to have a pre-existing relationship with your potential investor. The number one question that you must answer for the investor is A) How are they going to get their money back; B) What is the timeline going to be. Also, make sure that your debt lines up with a similar maturity as your investment strategy. Originating a new short term loan on a long term investment strategy is probably not going to work. Make sure that you contact a qualified attorney that c...
Typically on a capital raise you want to have a pre-existing relationship with your potential investor. The number one question that you must answer for the investor is A) How are they going to get their money back; B) What is the timeline going to be. Also, make sure that your debt lines up with a similar maturity as your investment strategy. Originating a new short term loan on a long term investment strategy is probably not going to work. Make sure that you contact a qualified attorney that c...
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
ASK MIKE MONDAYS - Michael, can you define what KEY PRINCIPAL is?
oldcapitalpodcast oldcapitalpodcast | 4 years ago
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...
Michael discusses and defines the term: KEY PRINCIPAL and how it applies to commercial real estate lending. The lender makes the loan to the Borrower. The Borrower is not typically an individual; but typically a limited partnership. Generally, where the Borrower is a limited partnership, the general partners are the managers of the Partnership. Thus, individuals general partners are potential Key Principals. For any general partner of the Borrower which is an entity, the Lender must identify as ...