The Capital Raiser Show CRS53 Rob Beardsley: Multifamily Syndication, Family Offices, Single Source Equity and Outside Capital Raisers
Mar 31, 2020
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Episode notes
Justify Bridge Loan Risk
- Value-add short-term deals maximize IRR but require bridge loans with higher risk and leverage.
- They must offer returns higher than long-term core deals to justify the added risk and protect against downside scenarios.
Communicating With Different Investors
- Rob does not heavily segment his investor database by risk but understands some investor preferences.
- Retail investors focus on the sponsor while family offices expect tailored deals and control rights.
Always Stress Test Bridge Loans
- Always perform an exit test on bridge loan deals by modeling base and worst-case scenarios on NOI and capital markets.
- Prepare to call capital or inject funds in downside cases to keep the deal viable through downturns.