Is the Sky Falling? Multifamily Lending, Rate Hikes & What to Do Next

Is the Sky Falling? Multifamily Lending, Rate Hikes & What to Do Next

Author: Mark & Tamiel Kenney June 30, 2022 Duration: 14:54

You woke up one morning and the deal you've been working on for months looked completely different. Proceeds cut. Rates up. Rate caps nearly doubled. And everyone around you either panicking or pretending nothing changed.

Recorded on June 20, 2022 — days after the Fed's 75 basis point hike — Mark Kenney shares exactly what happened to real deals in the Think Multifamily portfolio in a two-and-a-half-day window, and what he's doing about it.

In this episode you'll learn:

•       Real examples: $1.5M proceeds cut two days before closing, a lender who pulled out on closing day, a rate cap that went from $1M to $1.9M in two weeks

•       When walking away from hard earnest money is the right call — and how to make that decision clearly

•       Why Mark is not sitting on the sidelines — and the exact playbook he ran during COVID he's running again now

•       How to think about reserves, alternatives, and discounts in a market that's shifting fast

•       The one thing Mark wants every investor to remember when the numbers start to feel overwhelming

Nobody knows exactly what happens next. But experienced operators don't wait for certainty. They build relationships, make offers that make sense, and set themselves up to move when others won't.

Join us at our next live event at thinkmultifamily.com/event.

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Mark and Tamiel Kenney built something remarkable, turning a single duplex into a portfolio of over sixty-five hundred units in just three years. On the Think Multifamily Podcast, they pull back the curtain on exactly how they did it, moving beyond theory to share the tangible, week-by-week steps that define real success in apartment investing. This isn't about sacrificing your time or freedom; it's a practical conversation about building a legacy that actually works for your life. Each episode feels like a direct conversation with the Kenneys, filled with the specific insights and hard-won lessons from their own journey. You'll hear them break down complex deals, discuss market shifts, and explore the mindset required to navigate the challenges and opportunities in multifamily real estate. Tune in for a straightforward, content-rich dialogue that cuts through the noise, offering a clear path for anyone serious about creating lasting wealth through property. This podcast provides the kind of actionable guidance that only comes from hosts who have walked the path themselves.
Author: Language: English Episodes: 100

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