Is multifamily in trouble — or is everyone asking the wrong question?
In this solo episode, Mark Kenney cuts through the noise, identifies what's actually driving the pain in today's market, and makes the case for why multifamily still wins as a long-term investment — even now.
In this episode you will learn:
• Why variable-rate debt — not multifamily as an asset class — is the real culprit behind today's problems
• The $50M prepayment penalty calculation that reframes the fixed vs. variable rate debate
• Why non-recourse debt changes the risk profile of multifamily in ways single family simply can't match
• How loan assumptions are driving deals right now — and why this advantage doesn't exist in single family
• The cap rate multiplier that makes every NOI dollar worth roughly $15 in multifamily value — and why that math doesn't exist for residential investors
• How to stop second-guessing past decisions and use what the market has taught you to invest better going forward
This is the honest, numbers-driven perspective on multifamily that you won't get from the headlines.
Join us at our next event at https://thinkmultifamily.com/event
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