TLP 66: When Deals Go Wrong - Navigating Your Responsibilities as a Limited Partner with John Cohen
In today’s podcast episode we interview John Cohen, Founder and Owner of Toro Real Estate Partners. He discusses the challenges of investing in the multifamily real estate market due to high capital inflows and compressed returns. He notes that the market has evolved, with new groups entering the space and investors struggling to compete with lower-grade property buyers.
Additionally, John highlights the distress of deals done before or during the early stages of the pandemic due to lack of cash flow or banks refusing to renew loans. However, he also points out the shortage of affordable housing and strong housing market fundamentals. He explains how banks are trying to avoid downward valuations, asking for more equity from sponsors to reduce their risk.
Visit us here at: https://www.thelimitedpartner.com/
If you'd like to say hello, you can find Jake at @JJakeWiley on Instagram and Twitter, and on LinkedIn.
You will hear quite a bit of real estate terminology in every episode. We've aggregated the most common questions for you in the link below!
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