Converting Hotels, Churches and Malls into Multifamily Properties

Website: https://investorfinancingpodcast.com/converting-hotels-churches-and-malls-into-multifamily-properties-ifp-ep106/


This long recovery, particularly for luxury and boutique hotels, presents acquisition opportunity scenarios for real estate investors who may be able to reposition the asset as a long-term multifamily asset.

In this episode, we talk about some of the assets classes being looked at for conversion.

Why convert?

Because people always need a roof over their heads. The same Tripp report that found a 19.13% May 2020 delinquency rate for lodging commercial loans also found a 3.25% delinquency rate for multifamily assets. There is a reason for this.