Real Estate investment

[WhiteWolf]

can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."

[GershonNY]

How far upstate? And how many properties?

Catskill region

[jackofall]

can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."

Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.   

[WhiteWolf]

Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.

I assume you are correct. Most probably a copy and paste that went wrong.

[whacked1]

Its a schtickel of steira. Probably comes from a template. I would interpret to say that the pref is gone once 100% of initial capital is returned via refi.

Or a sneaky fella . A snarky way of writing an equity split of 0/100%

[jackofall]

Or a sneaky fella . A snarky way of writing an equity split of 0/100%

I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.

[whacked1]

I don't see how you can interpret it like that. It is explicitly only taking about the "pref" return.

Lol. Ya youre right. I reread it .

[VacationLover]

Catskill region

Steinmetz
845-521-9888

[GershonNY]

Steinmetz
845-521-9888

You have personal experience with them?

[VacationLover]

You have personal experience with them?

A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.

[GershonNY]

A friend uses him to manage a few houses in Monticello area.
I spoke to him over the phone a couple of times, he was very helpful.

Thanks

[good sam]

can someone please explain what this means?
"In the event of a property refinance in which at least 100% of initial capital is returned, the post refinance preferred return to investor will be paid only on post refinance balance of investor capital."

Terrible drafting but it probably means  that the preferred return is payable only to the extent there were additional capital contributions that remain unreturned post refi.

[Yosel]

Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

[Shmulie]

Any leads for good industrial properties, with NNN tenants for sale, please PM me
doing a 1031

I might know of something

pm'd you