All Forum Posts by: Parag Goswami
Parag Goswami has started 2 posts and replied 4 times.
Post: Seeing startup and funding activity in rent advancing

- Posts 4
- Votes 1
@Louis P. great feedback. Your right, a rent guarantee could be attractive for landlords but I suspect the premium to get such a product could be very expensive and will go most likely into the insurance companies pocket which is underwriting the risk.
Post: Seeing startup and funding activity in rent advancing

- Posts 4
- Votes 1
With many SaaS financing startups raising big $$$$ recently by calling themselves as growth investors while they are nothing but an invoice factoring company, I am sensing that this is coming to real estate as well.
Seeing some startups starting to advance rent to landlords or tenants to pre-pay in advance.
Given that debt is available at such a very competitive rate, do you think multifamily landlords would need this type of service? What are they willing to pay for it? It almost sounds like a short-term loan.
Post: Is multifamily deal closing time reducing?

- Posts 4
- Votes 1
Thank you so much for your inputs. I will be sharing this feedback over the MBA's webinar today.
Post: Is multifamily deal closing time reducing?

- Posts 4
- Votes 1
Spoke to a few lenders and apartment investors, I learned the average time it took to close a deal 24 months ago was about 90 days and this reduced to about 60 days in the last 12 months. Some deals close in as low as 30 days today.
What's causing this decline in closing times? Lower interest rate market or investors taking risks without doing full DD?