What Track-Record Milestones Helped Lenders Increase Leverage on your next deals?

[Daniel Sehy]

Hey BP community!

I’ve been having more conversations with lenders lately and one theme keeps coming up:
track record unlocks leverage, but no one seems to agree on what milestones matter most.

For those of you who have scaled from your first MF acquisitions into larger, higher-leverage opportunities:

What moved the needle with lenders the fastest?

Was it…

• A certain number of stabilized assets?

• A total unit count threshold?

• A proven refinance execution?

• Same-market repeat success?

• NOI improvement vs. projections?

• On-time cap-ex performance?

• Simply… relationships built over time?

What I’ve been hearing from a few banks is:

I’m curious how that looked in real life for operators here who’ve made that leap.
Did you find it was more:
Assets under your belt?
or
Operational excellence demonstrated once or twice?

I’d love to learn from the wins (and misses) others have experienced on the path from starter deals to true scale.

Thanks for sharing - Gold Crest Holding.