Today’s question comes from Chris in NYC. He writes:
What are your thoughts in today's market on taking on bridge financing when acquiring a multifamily asset that has a CapEx renovation plan?
My team is finding ourselves having to go this route either because A) the assets we're finding & underwriting have a DSCR that's not at levels to support traditional debt sources or B) the property owner's T12 clear enough.
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Host: Victor Menasce
email: podcast@victorjm.com
The Real Estate Espresso Podcast