Streamlining Commercial Underwriting 📊✍️ Simplifying the underwriting process for investors. Enhancing efficiency, reducing complexities.etsy.com/shop/NexusCRE?… San DiegoJoined July 2023
We were solely focusing on Office last year and when rates started going up, we knew office demand would decline the most. (WFH, slowing VC space, along with other factors)
Started deal searching for MOB and about to hit 10 off market deals in the last 6 months alone. DM 4 info.
A/B/C testing a subject header for cold email campaign. The difference between them is a matter of EMOJIs in the subject line.
Take a guess as to which one has no emoji's and which one has multiple.
Overall results
19.4% open rate
1.3% reply rate
Underwriting rents higher than market < Underwriting rents lower than market
If your deal requires you to have the highest rents to be profitable, you're going to have longer hold period, lower occupancy and lower IRR.
Started working with a client who has been "looking and analyzing deals" for the last 6 months.
When asked what the broker said about the deal. " We will write them an email"
If you're not calling brokers, how are you looking and analyzing deals?
One of the brokers we have been working with got 4 off-market properties in 4 months.
He was hesitant to switch strategies, but can't argue with a new deal a month.
His pipeline is growing, and so is his buyers list.
Apart from the numbers, there are so many things to watch for when buying commercial real estate.
Like parking ratio.
What parking ratio do you like to see for retail?
Thinking of adding a button in our underwriting analyzer to auto generate LOI's.
How much faster would your deals get done?
#commercialproperty#RealEstate
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