new york city real estate

Robert McDonald is the Managing Partner at Cherry Lawn Capital, on a mission to provide businesses with the real estate capital necessary to scale and the operational capital needed for a successful next venture round. Robert joins Edward, Jeff and Zach to also discuss lessons and takeaways from the previous Proptech boom cycle, and how should founders and investors think about structuring, financing and scaling tech-enabled and data-driven Real Estate business in the post-ZIRP era.
 
(1:19) - State of Proptech VC
(9:56) - Proptech finance incentives
(14:24) - Feature: Housing Trust Silicon Valley
(15:36) - Cherry Lawn Capital's & Robert McDonald's origin story
(20:04) - Cherry Lawn solution
(31:38) - 'The Great Transition' for Proptech valuations
(36:01) - Collaboration Superpower: David F. Swensen's wiki & Paul Annacone's wiki

💚 Learn more:
➡️ Cherry Lawn Capital's site
➡️ Robert McDonald on LinkedIn

💚 Feature:
➡️ Housing Trust Silicon Valley's site - Housing finance & public-private partnerships to create more equitable & affordable communities.

💚 Connect with Tangent:
➡️ Edward Cohen on LinkedIn
➡️ Edward Cohen on X
➡️ Jeff Berman on LinkedIn
➡️ Jeff Berman on X
➡️ Zach Aarons on LinkedIn
➡️ Tangent on LinkedIn
➡️ Tangent on X

Disclaimer: Tangent podcast is for entertainment and informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advise. Nothing contained on our program constitutes a solicitation, recommendation, endorsement, or offer by Tangent, Camber Creek, MetaProp, or any third party guest to buy or sell any securities, public or private, other financial instruments or funds.

Do You Ever Wonder With Paul Massey, CEO Of B6 Real Estate Advisors!

For the Do You Ever Wonder podcast, having the opportunity to speak with Paul Massey was the equivalent of hitting both ends of a daily double!

That's because about one month prior we had Bob Knakal, Paul's partner for 26 years, on Do You Ever Wonder as well.

These two CRE icons started the commercial real estate firm Massey Knakal back in 1988, worked to grow it as an unbelievable team for 26 years, and then sold it to Cushman & Wakefield in 2014.

In 2018,  Paul and his partners launched B6 Real Estate Advisors, short for 'Building By Building, Block By Block'.

'B6 provides commercial real estate owners and stakeholders with a next generation experience to optimize their investments. They take a holistic approach, empowering every client with agent expertise, technology-forward insights, and a team-oriented culture.'

The firm 'employs a distinct Territory Network model, that ensures sub-market expertise for its agents along with an owner-aligned philosophy and a technology-forward platform'.

Our conversation with Paul covered a variety of topics, but at the heart of it all Paul's love for commercial real estate and for doing whatever he can to help his brokers succeed, consistently shone through!

If you have questions for Paul, or you would like to visit the website...

Paul Massey Email: pmassey@b6realestate.com
B6 Real Estate Advisors: https://b6realestateadvisors.com/
Phone #: 212.473.2600

Subscribe to Do You Ever Wonder and share the links with your friends.

You can stream this episode and all of the others, on your favorite streaming platform here: https://areyouwondering.buzzsprout.com/share

Watch this and all of the Do You Ever Wonder episodes on YouTube here:  https://www.youtube.com/channel/UCzmL4Yaump_9Q7tMSChDoUQ
____________________________________________

Are you interested in appearing as a guest on the Do You Ever Wonder podcast?

Let us know at info@hallmarkabstractllc.com.

The Do You Ever Wonder podcast is brought to you by New York title insurance provider Hallmark Abstract Service, and hosted by its CEO Mike Haltman. 

Hallmark Abstract Service...You Buy, We Protect!

Read the article 'Are New York Title Insurance Providers All The Same?’ here, https://www.hallmarkabstractllc.com/?p=10321.

Questions about New York title insurance or the real estate transaction process? 

Let us know at Hallmark Abstract Service at (646) 741-6101 or send us an email at info@hallmarkabstractllc.com.

Zach Aarons has been working at the intersection of real estate and venture capital for the past decade. Zach is the most active early-stage PropTech investor in the United States, having funded over 60 startups in the space as an individual and 150 startups through MetaProp NYC’s venture capital funds. Zach also teaches Real Estate at Columbia Grad School and is a published author with his book Proptech 101. Zach has also worked on large scale mixed-use development projects in cities like Boston and Los Angeles with Millennium Partners.

Learn More:
💚Zach Aarons on Twitter
💚MetaProp's website
💚Zach's book Proptech 101

Featured:
💚Market Stadium (site): Optimize Your Real Estate Market Due Diligence

Other Resources:
💚Think Again by Adam Grant

Connect with Tangent:
💚Edward Cohen on Twitter
💚Jeff Berman on LinkedIn
💚Tangent on LinkedIn
💚Tangent on Twitter

Have you ever broken your own rules and immediately regretted it? Well, Rosemarie, even as a true professional, has learned the hard way from not listening to herself. Hear all about how Deane did not get it done, how the city’s demographic maybe changing forever, and how NYC handles summer in this August episode.  

Last month’s quote was from Robert Kiyosaki the author of “Rich Dad, Poor Dad.” He wrote:

“Real estate investing, even on a very small scale, remains a tried-and-true means of building an individual’s cash flow and wealth.”

Here’s this month’s quote:

“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy”.

As always, contact her if you know who said that, or if you have any questions about buying or selling real estate. E-mail Rosemarie at Rosemarie.deane@sothebys.realty 

Call or Text her at 917-407-8542

Enjoy the rest of your summer!

Market Report

The word for the market is “stabilizing”. The market is not crashing, it is not dead, it is experiencing a seasonal slowdown, as it used to do in the summers before Covid.

Nobody is panicking. In fact, pending sales are up slightly, and supply is drifting down. Some sellers are waiting for summer to be over before putting properties on the market in the Fall. Summer was always a slower market.

In 2020 the market came to a halt. In 2021 pent up demand sped up the market. Now we are back to normal.

The concern about rising interest rates is overblown. Interest rates are about what they were in 2019 before Covid. For most mortgages that is between 4% and 4.5%. Has this affected demand? It doesn’t look like it, yet.

That said, there is some downward pressure on pricing, but not dramatic, as in some other overheated markets. Perhaps 4% to 5% at most, depending on the property. There is still a shortage of properties.

Welcome to Episode 29 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm sharing everything that we have coming in 2022, including topics that will be covered on the show.

Are you purchasing in NYC?  I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 30, where I will be sharing how to identify the best, most lucrative investment properties! 

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my website 

Commercial Real Estate Loans For The Imperfect New York Borrower!

The A Borrower

For the Classic A borrower that  goes to the bank for a loan, either a refinance or money for a commercial real estate purchase, all of their ducks will be in a row. Their credit score is high, they have money in the bank and the building in question is in great shape in terms of both occupancy and revenue. Net operating income justifies the loan amount and the debt service coverage ration (DSCR) that's calculated for the loan is right in the banks sweet-spot! It's an underwriting slam dunk!

The Imperfect Borrower

Particularly now in the age of Covid-19, both borrower and building may unfortunately be dinged-up! The potential borrower's FICO score and asset base likely have been negatively impacted, while the building in question that was solid pre-pandemic, has lost tenants or has tenants in place who aren't paying. Still, it's a great building with much potential.

In many scenarios like the one above and others, there  are ways for The Imperfect Borrower to get a loan. They simply need to be speaking with a commercial finance professional who takes the time to get to know both the people involved and the back story of the loan scenario. The professional will quickly learn why the borrower is being shutout from the lenders only looking for A-loan scenarios and what some alternative solutions may be. And the alternative loans are not 'hard money' in the classic sense, but would be in the neighborhood of 1% or so higher than the A financing.

Enter tonight's guest Stuart Gelb, President of The Liquidity Source and a seasoned pro successfully helping borrowers get the financing they so badly need.

Tonight Stuart talks about the market, his expertise in getting loans to the finish line, the multitude of lenders he has close relationships with and how for many years he has successfully been helping The Imperfect Borrower.

Enjoy the discussion, let us know if you have any thoughts or questions, and Stuart's contact information is below for anyone with a scenario they would like to run by him.

Enjoy Listening!

Mike Haltman, CEO
Hallmark Abstract Service
Board Chair, Heroes To Heroes Foundation
mhaltman@hallmarkabstractllc.com
https://www.hallmarkabstractllc.com

Stuart Gelb, President
The Liquidity Source
stuart@theliquiditysource.com
https://theliquiditysource.com/
____________________________________________

Do You Ever Wonder? is brought to you by New York title insurance provider Hallmark Abstract Service.

Hallmark Abstract Service...You Buy, We Protect!

In today's episode of The Real State, we explore the intersection between real estate and New York City. Today’s guest is Ed Freiberg is a born-and-bred NYer, with 15 years of experience in NYC real estate, currently with Compass.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to Episode 27 of REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe, Review and Share this podcast, it is SO appreciated!

YOU CAN ALSO WATCH THIS EPISODE ON YOUTUBE

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram

In this Episode, I'm sharing exactly how to present yourself properly to a Seller/Seller's Agent so that you can WIN your #1 choice property at the best price possible.

Topics covered in this episode:

☆ My most important tips for winning in a Seller's market: 
- Show that you are qualified: get pre-approved by a REPUTABLE lender
- Demonstrate your intent, that you are serious
- Don't be a stranger, show who you are
- Explain your employment security 
- Be as flexible as possible
- Get creative with negotiating
- Work with a qualified and reputable Buyer's Agent
☆ Some things that I personally do to win deals for my Buyers against the competition:
- Build confidence in the seller's agent and the Seller
- Get very creative negotiation  
- identify the pain points on both sides of the transaction and negotiate against those
- Communicate open line of communication and solid working relationship  with all members of the Buyer's team: mortgage loan officer and attorney
☆ Best practices for planning your move/logistics

Are you purchasing in NYC?  I would love to answer your questions!

I always am so happy to have the opportunity to work with you - if you would like for me to represent you as your Agent as you begin the property purchase or sale process, please do not hesitate to reach out to me.

Don't Miss Episode 28, where I will be sharing how to identify and purchase your first NYC rental property!  to your questions! Be sure to send me your real estate questions via instagram DM or by email!

Discover the value of your home

Please subscribe to this channel and turn on notifications (click the bell icon) so you can keep up with the videos I post!

Check out my Growth-mindset/inspiration podcast, NEW YORK & BEYOND

Check out my website 

Welcome to Episode 19 in my Series REAL ESTATE INVESTING IN NEW YORK!!
Please remember to Subscribe and leave this podcast a positive review, it is SO appreciated!

THIS SERIES IS ALSO ON YOUTUBE: https://www.youtube.com/watch?v=pIuOMLKhnJ4&feature=youtu.be

Contact me:
Email: christina.Kremidas@elliman.com
Join me on Instagram: https://www.instagram.com/downtownnat...

In this Episode, we are discussing everything you need to know about the Mortgage process tor NYC Real Estate. By the end of this episode you will have an understanding of what is required to be approved for a mortgage, the stages of the mortgage process, how the bank analyzes whether your property of interest is a sound investment, and how Covid has affected the process of getting a mortgage.     

Our guest for this Episode is Michael Goldberg, Senior Loan Officer at Freedom Mortgage. 

Here is Michael Goldberg’s contact information:
Cell: 917-642-1462
Office: 718-621-5626
Website: freedommortgage.com/michael.golberg
Email address: Michael.Goldberg@freedommortgage.com
Office Locations:
9120 4th Ave Brooklyn NY 11209
1928 Williamsbridge Road Bronx, NY 10461
1150 South Avenue Suite 304-B, Staten Island, NY 10314

Questions that Michael answers in this Episode:

✩ Why it is important to get pre-approved for a mortgage before shopping for apartments
✩ What is required from the Purchaser, and how long it typically takes to obtain a pre-approval letter
✩ The differences between a Pre-Qualification letter, a Pre-Approval Letter, and a Commitment Letter 
✩ The main differences between a fixed rate and Adjustable rate mortgage, and when you would choose them 
✩ What the process of getting building approval entails
✩ The main differences between a mortgage for a Primary Residence and a mortgage for an Investment apartment that will be rented out 
✩ How the mortgage approval process differs for someone who is self-employed vs a W2 employee
✩ Everything you need to know about the the Bank Appraisal, how it effects the mortgage loan approval, and what you can do if your bank appraisal comes in low.

Don’t miss Episode 20, where I’ll be talking about the ‘Lowball’ offer and why you should never do it. 

Discover the value of your home: https://bit.ly/2Z91OLE  

Thank you guys for being here! Please subscribe so you can keep up with new episodes!

Compound’s technology connects investors from diverse backgrounds and geographies — who have historically not had access to high-quality urban residential real estate — and allows them to pool their capital to buy apartments in high-growth cities. Compound is a venture-backed real estate marketplace and qualified opportunity zone business based in New York City. Compound is led by Janine Yorio (previously head of real estate at Standard Hotels) and Jesse Stein (previously COO of ETRE Financial). Visit www.getcompound.com.

Email Janine - janine@getcompound.com
Connect with Janine on LinkedIn - https://www.linkedin.com/in/janineyorio
Follow Janine on Twitter - https://twitter.com/JanineYorio
Follow Compound on Twitter - https://twitter.com/getcompound
Visit Compound - https://getcompound.com