Think Multifamily Podcast
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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