Jeff Matlock retweeted
Best opportunity in commercial real estate today?
San Francisco.
A friend/client is finding properties that stabilize to 8.5% Yield on Cost in less than 6 months at market cap rates of 5.5%.
Jeff Matlock retweeted
I use a Flume for my personal residence and it is AMAZING. The city is heavily subsidizing the product as it's a win-win solution. Everyone should have one and t
Not sure if it can be used for commercial but if it could, would have identified the problem almost immediately.
Jeff Matlock retweeted
‘Banks are starting to play technicalities with borrowers, calling loans due in full for technical default over simple reporting errors’
Today @kylematthewsceo dropped his state of the commercial real estate market at Re-convene.
He made the bold prediction that LA multifamily will trade at 6%+ caps within 1-2 years.
Here's else what he's seeing across 22 offices and 600 agents:
Transactions are down 65% across the industry in 2023
The deals that are getting done are typically sub $5 mil and trading to non-institutionals
Industrial is faring the best with only a 30% decline in volume
Consumer savings are dwindling, which Kyle expects to lead to hard landing coupled with resuming student loan payments
Banks are starting to play technicalities with borrowers, calling loans due in full for technical default over simple reporting errors
@moseskagan
Jeff Matlock retweeted
In life, we all come upon challenges where we have two potential choices:
1. To back down
2. To overcome
If you are in one of those places right now, choose to overcome.
The choices you make in those challenges, set the stage for how you take on the future.
Overcome.
Jeff Matlock retweeted
So many people think it's cool to "not care," about anything...but people who do great things care deeply.
Being deeply engaged, and passionate about what you do is not only infectious - it's how people change the world.
Jeff Matlock retweeted
Is there any better motivation than listening to David Goggins for 5 min?
The man is an absolute machine
Jeff Matlock retweeted
In this conversion I had on @YonahWeiss pod, I share that although we've done many direct to lender business, today, regardless of the deal we are doing everything with a broker
I recently released my new book on RE debt & equity so click the link in below to learn more
#retwit
Jeff Matlock retweeted
What normal people don't know about "greedy" developers:
Vast majority of them sign personal recourse construction loans.
That means all their assets (homes, kids' college funds, retirement) are at risk every time they build housing.
Would *you* be willing to take that risk?
Jeff Matlock retweeted
Like it or not, a real estate developer built your house, office and favorite coffee shop.
Jeff Matlock retweeted
The best time to get into real estate is when everyone says it’s the worst time to get into real estate.
The worst time to get into real estate is when everyone says it’s the best time to get into real estate.
Jeff Matlock retweeted
Meanwhile in SF only 62 units of housing have been approved for this year
sfchronicle.com/sf/article/n…