All Forum Posts by: Ronald Rohde

1. I'm actively doing PML on industrial 10% with points,12 month prepay. Typically bridge loans with 60-70% LTV

2. No multi

3. Value add 2x EM in 3-5 years

4. Land 3-5x EM in 2 years, but with a back up development plan/capability

 DHS does not have jurisdiction over state formed LLCs. If you're referring to FINCEN and the beneficial owner information reports, those have been back and forth in courts for constitutionality. Right now, there is no federal obligation to provide BOI to the feds.

If I'm cherry picking accurate numbers, yes, its a good deal for the lease. But there's a lot of risk in small towns. 

What is market rent if they vacate? Term left?

Its office ?medical office?

I don't think its fair to paint entire massive CRE asset classes with the same brush. You can find a singular good deal in both classes. Just set what you think is a good deal and start firing off LOIs.

 Going to have to be small small bank or credit union

not a lot of upside to a buyer just getting the privilege of bidding on a trophy asset for lots of risk.

where do you deposit the rent payments? If its not public, move that account to a smaller bank

 Oh, if its just a condo unit, I'd focus on the lease. get a good long term lease, don't buy a single condo unit. 

You may not need an agent since you already have the building and pricing guidance.

Definitely hire an attorney, don't rely on boilerplate forms. Lender is not your friend.

You need to create objective data. Not just feeling 5% off. If it was for my business 5% of Purchase Price is worth it for the control of my site. Is it a single tenant with multiple units, or other tenants paying rent?