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.
Host: Victor Menasce