LOAN Learn More: https://lnkd.in/e9_VKAkz
IMAGE: Albert Fitch & Steven M.
DATE: 07/12/2024
ADDRESS: 415 Paterson-Hamburg Turnpike
MARKET: Wayne
ASSET TYPE: Industrial ~ SF: 353,000
LENDER: Truist
LANDLORD: Albert Fitch & Steven Millstein - The STRO Companies
LOAN AMOUNT: $25,000,000
LOAN TYPE: Refinance
NOTE FROM LANDLORD: 415 Hamburg Turnpike is a last mile industrial facility comprised of over 353,000 square feet in Wayne, NJ. The asset provides excellent connectivity to local suburban markets, New York City and the Ports of Newark, providing tremendous value to their tenants. The property has continued to remain fully leased throughout STRO’s ownership.
“We are thrilled to have completed this transaction with Truist.” said Albert Fitch, STRO’s Managing Director of Acquisitions and Capital Markets. “We are eager to continue purchasing more industrial warehouses in Northern New Jersey and the Southeast Region of the United States. We have a considerable amount of capital to deploy and are interested in core+, value-add, and opportunistic acquisitions,” said Fitch.
#NewJersey#RealEstate#TradedNJ#TradedPartner#Wayne#Industrial#AlbertFitch#StevenMillstein#TheSTROCompanies#Truist
What's going to happen to CRE over the next several years?
What impact will the coming maturity cliff--coupled with flat Fed rates, stubbornly high vacancies, and low or flat rent growth--have on the market?
Delinquencies, Cash-in Refis, Workouts, Distressed property acquisitions, Bankruptcies...
Crisis 🔥 = Opportunity 💡.
If the 2010s were a time of wealth CREATION ⬆️ in commercial real estate...
The years ahead may be a time better defined by wealth TRANSFER ➡️.
May you underwrite accordingly!
#CRE#commercialrealestate#realestatefinance#underwriting#financialmodelinghttps://lnkd.in/g946ZWhy
Unlocking Real Estate Success with Military & Patriots Group Acquisition Management
At Military & Patriots Group, we pride ourselves on providing comprehensive services to ensure your real estate investments are secure and successful. Here’s how we can help:
Acquisition Services: We expertly oversee the acquisition process of new assets or properties. Our team conducts thorough market research, due diligence, and negotiations to secure optimal deals that align with your investment objectives.
Due Diligence: Our thorough investigation and analysis assess the risks and opportunities of specific investments. We analyze financial records, legal documents, property operations, and market trends to ensure informed decision-making and risk mitigation.
Deal Sourcing: We actively seek and pinpoint investment opportunities within the real estate market. Through strategic networking, market analysis, and industry connections, we uncover lucrative deals that offer favorable returns for our clients.
Mortgage Brokering: Acting as intermediaries between borrowers and lenders, we assist clients in securing the most suitable mortgage products and financing options. We streamline the financing aspect of commercial real estate transactions, empowering clients with competitive financing options for successful property acquisitions.
At Military & Patriots Group, we’re dedicated to helping you achieve your real estate investment goals with confidence and success.
#RealEstate#Acquisitions#DueDiligence#DealSourcing#MortgageBrokering#Investment#MilitaryPatriotsGroup
🔗 https://lnkd.in/d6Zzx8bk If you'd like to stay updated with the latest trends, insights, and strategies in real estate, follow our page and join a community of forward-thinking professionals.
#RealEstateTrends#BusinessGrowth
Most #realestateinvestors don't dive headfirst into 30+ multi-unit family acquisitions; they work their way up. 📶🆙
In the dynamic world of #realestate, I have noticed a compelling trend where we're encountering numerous deals featuring unique multi-purpose, value-added properties with intriguing potential. However, there's a common concern looming over the exit plan, particularly when it comes to potential refinancing.
These creative properties often require a nuanced approach, and the uncertainty arises from the possibility of needing financing from small regional banks. The challenge lies in banks limiting their credit exposure for such distinctive properties, subsequently narrowing the pool of potential buyers.
🚩This, in turn, directly impacts the property's value and our ability to assess an "as completed" value accurately.🚩
Being a balanced-sheet lender, my team at 1892 Capital Partners LLC naturally gravitates towards properties with easier financing prospects, ensuring a smoother exit strategy. Regrettably, this approach sometimes sidelines the smaller, unique, multi-use creative properties that serve as the starting point for many early-stage investors. It's the transition zone—the stepping stones from fix and flip to buy and hold single-family residences (SFR).
Investors typically build up cash reserves through fix and flip endeavors, gradually progressing to buy and hold #SFR properties. These evolve into multi-purpose or small multi-unit properties, setting the stage for further expansion. This journey culminates in the sale and consolidation of assets into more substantial and easily underwritten multi-family, storage, or warehouse properties.
Interestingly, the challenges associated with acquiring these transition-add value investment properties also present significant opportunities. Due to limited capital availability, these properties become ripe for investment. Until regional banks re-enter the game, even private lenders are hesitant to finance these types of properties due to the uncertain exit plan.
At 1892 Capital Partners, we see this as a call to action to pave the way for a resurgence in the financing landscape for these unique properties. By doing so, we not only unlock hidden potential but also support growth in the early stages of real estate investing.
Contact me personally for advice, loan deals or to work with us! I love talking deals and meeting investors- Text me or email at | 📧 [email protected] 📞 (253) 592-3452
#realestatetrends#realestateinvesting#realestateinvestment#CommercialRealEstate#RealEstateFinance#CRE#Industrial#mortgagebroker#realestatebroker#commercialbroker#utahrealestatebroker#Utahmortgagebroker#seattlerealestatebroker#seattlebroker#seattlemortgagebroker#SeattleRealEstate#utahrealestate#LoanFunding#RealEstateInvestment#CREFinance#CRELoans#CapitalMarket#PropertyFinance
You must [have this much equity] to ride the slide.
Here's a study comparing LTVs from 2020 to 2023.
Your LTV has dropped from 81% to 57% for apartment acquisitions in Toronto.
This is conservative (and a bit of an oversimplification) - but illustrates some of the challenges brought on by higher rates.
So as they say - cash is king.
** For this study we assume the following **
- You buy at the avg. price/unit in Toronto
- You buy at the avg. cap rate for the year
- You use 5 year CMHC debt at a 1.3 DSCR
#multifamilymorning#cre#brokerage
Dive into our latest YouTube video where we break down the deal structure, refinance, and costs involved in transforming a 3-bedroom Victorian terraced house into a lucrative 6-bedroom HMO (House in Multiple Occupation).
We'll take you through the journey from us purchasing the property at £130,000 to investing £130,000 in build and refurbishment costs, resulting in a staggering valuation of £350,000! Witness firsthand the transformation and learn about the associated costs and considerations.
Stay tuned for updates as we unveil the final results of this investment venture. Don't miss out on valuable insights to elevate your property investment game! Follow and subscribe for more!
#PropertyInvestment#HMO#RealEstate#Refinance#DealStructure#InvestmentJourney
INSIGNIA Financial Services delivers fast, flexible financing for real estate investors and commercial property owners.
Commercial bridge loans are an efficient funding solution when speed and execution are key.
Bridge financing provides the flexibility to take advantage of discounted assets, opportunistic acquisitions, buyouts, special situations, and repositions with fewer requirements.
Highlights:
- Terms from 6 – 36 months
- Acquisition
- Refinance
- Cash out permitted
- Discounted payoff
- Recapitalization
- Redevelopment
- Bankruptcy / DIP
- Foreign Nationals eligible
- Higher leverage with cross-collateral
#cre#commercialrealestate#bridgeloans#assetbasedlending#realestate#industrial#multifamily#RetailCRE#office#rentalproperty#commercialproperty#constructionloans
Redrow PLC (LSE:RDW) shares surged 12% following the announcement of the housebuilder's £2.5 billion all-share acquisition by Barratt Developments PLC (LSE:BDEV), with the latter saying it brought together two "highly complementary companies".
The deal offers Redrow investors a 27.2% premium on their shares, granting them 1.44 new Barratt shares for each Redrow share, resulting in a near one-third ownership of the newly formed Barratt Redrow.
This strategic move, which is expected to generated £90 milllion in annual synergies, is aimed at creating a UK homebuilder capable of overcoming market challenges, including last year's house price pressures.
The merger comes as the housing market shows signs of recovery, with Barratt noting early improvements in reservation rates and buyer sentiment, buoyed by more competitive mortgage rates and expectations of lower interest rates.
More at #Proactive#ProactiveInvestorshttp://ow.ly/WHHR105fxGV
Interesting read from today... Raised a couple of questions:
1. Will we ever see cap rates widen/reset in primary markets like the Sunbelt? With multifamily transaction volumes down 61% yoy, sellers are continuing to hold out the market. The recent explosion in private credit access has allowed some operators to restructure loans to that effect. However on the buy side, everyone seems to be sitting on cash and searching for yields so once rates start to come back down (presumably in June), will buyers be the first ones to blink and increase pricing to meet asking prices?
2. Unemployment typically lags in recessions, and I'd be curious to know how folks are underwriting deals at 5.5%+ cap rates to make them work. We've already seen rising insurance and materials costs squeeze margins, what happens when the top line growth that we've seen over the last ~5 years goes away? Particularly in the markets like Austin, Dallas, and Denver that experienced so much growth due to the tech sector.
#CaseStudy | $8,150,000 | Multifamily Property in Houston, TX | Rhine Legacy Capital successfully arranged a $8,150,000 refinance bridge loan for the development of a 175-unit multifamily property located in Houston, Texas. The property boasts over 90% occupancy and presents robust cash flow potential along with promising value-add opportunities.
Our team meticulously crafted a bridge to permanent loan package, integrating a capital expenditure holdback feature tailored to meet our client's specific requirements.
Leveraging our extensive network and profound expertise in real estate financing, Rhine Legacy Capital adeptly maneuvered through the intricacies of the transaction with precision and efficiency. This financing arrangement not only furnishes the borrower with flexibility but also equips them with the resources needed for the property.
This accomplishment reaffirms Rhine Legacy Capital's dedication to delivering innovative financial solutions and fostering strategic prospects for our clients within the dynamic real estate market of Texas.
For further details regarding this case study, please visit our website at rhinelegacycapital.com or email us at [email protected].
#industrial#manufacturing#class#houston#texas#commercialrealestate#newyorkCRE#financing#borrower#lender#loans#finance#financed#acquisitions#realestate#markets#development#investment#investing#rhinelegacycapital
Executive Director | Client Manager at JPMorgan Chase - Commercial Term Lending (CTL) Group
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