I have come scary close a few times but always someway somehow turned lemons into fruit punch.

Just not a lot of low hanging fruit as in days past..

Jim right now he (Minkow)  is going after low hanging fruit that is anyone / company that did MF syndication and got caught in the hype of a few years ago and the massive change to the industry with rates rising cost rising and vacancies rising.. not many in MF syndication that were doing highly leveraged deals to compete with other offerings have gone  unscathed or have projects that simply are not or will not perform based on original assumptions or pro fromas  So pretty easy to take pot shots at all these entities/companies etc..

You can't expect to send one blast out and get much fruit.

He's enjoying the fruit of his **** labor.

In seeking to shore up the money lost, going after low hanging fruit like distributions, mortgage payments, payments to vendors… seems to be what transpired.

Unless I can tell its going to be a fruitful call as in the person writing has given me some interesting detail that I want to learn about.

There are some risk trade offs like “all eggs in one basket” versus fewer turnovers and guest liabilities and consumables. 

They will not do one on one you will need to get around a $25M line with them.The other option is to find some other note buyers and do a participation agreement where each of you buys a percentage of the note, this is common in CRE space as some lenders do not want all eggs in one basket in a deal.

What’s nice is you can still pick up properties in the $120–180K range that hit the 1% rule and cash flow from day one, and with your 450K you could easily diversify into three or four cash-flowing deals here instead of putting all your eggs in one basket.