CA is 40M people… and there are studies that hint at the extent of the discontent. Up to 30-40% want to leave 🤯
To silence any online trolls, let’s reduce that to 10%…
THATS still 4 MILLION from CA moving. Huge impact on the inbound cities… Willco 📈📈📈
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For all of the #ReTwitter in the multifamily space, I just got a quote for a $1.5M loan at 5.5% for a small multi deal, which is way better than I have seen or heard of in a while!
$1-7M
70-80% LTV
5.25-5.99% interest for multi
1.20 Debt Service Ratio
Can lend in all 50 States
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This Nashville weather has been epic. Knowing that we’re from CA, several people have curiously inquired and asked if we are “holding up.”
We are having the time of our lives! Snow runs, sled hills, snowball fights, fireside chats, ice plunges with friends…
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Snow days are the perfect backdrop for a run. It’s cold, but totally worth it. Just layer up! It's a breathtaking scene: tranquil, beautiful and serene. The snow creates unique acoustics & the crunching snow beneath your feet. The crisp, clear air. It’s magical.
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Y’all tuning in?! Who do you think has the most to win? Lose? Gain?
Is it obvious that Newsome is going to run for President? Or are we still pretending that’s not a thing?
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Zeus Living is shuttering. They had 5,000 under management (as of 2019).
How many units controlled @ time of shutdown?
Major Markets: SF, LA, Seattle, Washington, Boston. How will these markets handle new vacancy?
Are there any major operators w/ concentrated exposure?
"Zeus Living has raised $150 million in debt and equity (about $125 million of that was equity) and its backers, besides Airbnb, include Initialized Capital, CEAS Investments, TI Platform, NFX, Opendoor’s Eric Wu and Y Combinator."
@DiMartinoBooth
techcrunch.com/2023/11/08/pr…
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In 2018, I was the scariest thing I could think of for Halloween: Governor Newsome running for President
Unfortunately, it set a chain reaction of events, resulting in hundreds of thousands of families fleeing for their lives! 🫣😬👻
Happy Halloween y’all!
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An institutional client asked about the leasing activity & underwriting for a high profile office bldg that is "well stabilized with 94% occupancy"
Corporations signed 10yr leases in older bldgs that aren't being utilized. Large obsolete blocks of space coming back for years
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