@twallyweb I’ve never tried one, but there are people who clam to offer this service.
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Peter Olesiewicz
1.9K posts
Peter Olesiewicz
@PolesMiami
Partner - Marquesa Capital; MF/BTR Developer; Structured CRE Finance; Fly Fishing; UMiami Basketball Fan
South Florida Katılım Aralık 2010
593 Takip Edilen366 Takipçiler
An interesting service business would be a fractional CFO specifically for small real estate private equity companies.
• quarterly reporting
• K-1 administration
• waterfall calculations
• budgeting and underwriting
• probably other stuff too
Could get a couple of clients paying $5-$10k per month.
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@2024dion I looked at building a LIHTC deal with similar floorplans. It can be done
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Gotta figure out how we can print these things in disinvested urban neighborhoods. Housing subsidy dollars could go a looooong way applied to sub-$150k new builds.
Bobby Fijan@bobbyfijan
I have ZERO interest in competing with Lennar Their construction costs are incomprehensibly low.
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@SereneInvesting @commbankerguy Correct. The reserve currency of the world had its money supply expanded by 40% in a very short timeframe. It was inevitable after Powell’s mistakes.
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@PolesMiami @commbankerguy The inflation rate was high pretty much across the globe at the same time. Govt stimulus was the primary cause.
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Glad to have the worst Fed chair I’ve ever seen behind us. Destroyed a generation of home buyers for nothing. He had no clue when to raise rates or cut them. Allowed Treasury to take the power from the Fed as well with runoff decisions. Atrocious job all around.
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@bobbyfijan To be fair, it does look like it has a balcony so it must be elevated
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As always, marketing words for apartments have lost all meaning
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@k3ithmccullough @commbankerguy Too low in 2021-early 2022 which led to much of the inflation that has necessitated high rates now.
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@PolesMiami @commbankerguy So you think he kept rates too low and op thinks he kept them too high? Sounds like he was about right considering that we are running one of the most inflationary fiscal policies in our nation's history!
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@equitiesdalllas @commbankerguy I knew the quote was somewhere. I’ll let Druck make my argument better than I ever could.
Squawk Box@SquawkCNBC
"What I have a problem with is the Fed is expected to do $2.5T of QE after vaccine confirmation, and after retail sales reached trend and were above trend," says Stan Druckenmiller. "We are still acting like we are in a black hole and in fact the economy is accelerating."
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@PolesMiami @commbankerguy You realize that some pension funds blew up in 2020-21? You know how many more would have without the fed? You think that’s not a bigger issue than hosing for your context here? The math on monthly payments pre and post zirp was often about the same - price up, interest down.
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Those things weren’t happening in 2021 or early 2022. You’re viewing this from a narrow perspective of the stock market. From that perspective, QE and ZIRP is always great no matter what. From the country’s perspective, QE and ZIRP make housing less affordable in the long run, encourage irrational government spending, help create the conditions for the increased polarization we see across the country today…
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@PolesMiami @commbankerguy Unnecessary? Businesses closed and people got fired left and right. You realize the market was repeatedly limit down until they did that right? It was the only thing that stopped the absurd bleeding that had no end in sight. Holy shit you have no sense of markets whatsoever
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@equitiesdalllas @commbankerguy Do you realize that a lot of the problems we’re experiencing would’ve been avoided if the Fed didn’t do unnecessary ZIRP and QE long after the initial Covid scare was over? Unreal that you don’t get it.
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@commbankerguy @PolesMiami Do you realize what would have happened if he didn’t? Look how fucked most RE is now. Would you prefer it to be worse?
Unreal that you guys are bitching about being navigated through the biggest bull market you’ve ever seen
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So you think the unprecedented liquidity was a problem but don’t think continuing to pump liquidity into the market longer helped the situation? It just continued to inflate a bubble that would inevitably need to be deflated, and led to home ownership becoming even less attainable for most people. They created a mess through either ignorance or the politicization of their post.
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@PolesMiami @commbankerguy lol. The amount of supply side liquidity pumped in was unprecedented and some of the inflation was transient. You saw what happened in 2022, you think the market could have handled that earlier? What a joke. Your RE book would have gone bk faster than it already is
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@k3ithmccullough @commbankerguy He didn’t raise them or end QE soon enough. If he had, inflation wouldn’t have spiked as high as it did or been as persistent.
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@commbankerguy Ahaha he raised rates too much ? Oh you didn't like his hawkish balance sheet management?? How's that 3% inflation treating you?
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@SereneInvesting @commbankerguy He caused the highest inflation we’ve seen in decades by choosing to ignore the data.
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@commbankerguy He had to deal with extremely unusual and difficult circumstances and he did okay I think. It could have been worse.
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Soft landing to a self-inflicted problem.
Retail sales were 15% above trend. Any inflation data that was inconvenient was mischaracterized as “transient.”
This was all predictable in real time but the Fed chose to create their own narrative about the data rather than raise rates like they should have.
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@commbankerguy Worst take I’ve ever seen. The guy orchestrated a soft landing after Covid. Completely unprecedented and very low odds for a fed chair to pull that type of thing off.
Stick to community banks and Main Street memes. Warsh is going to cut into stagflation and wreck things
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@530BruceRoss @moseskagan It feels like the average doctor has FOMO on the S&P and sees no reason to invest in the asset class that has lost money in recent years
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@PolesMiami @moseskagan "S&P feels like it goes up 20% every year."
It does feel that way and I am a genius lately.
I will be an idiot again soon.
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Don't think I appreciated the full impact of higher interest rates on the heavy value-add real estate business when rates increased initially in '22.
The problem for operators isn't just the higher exit caps.
It's the increased opportunity cost for investors of having $$$ tied up in assets that aren't generating income.
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@jayparsons In Florida, it feels like demand is back after a slow second half of 2025.
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Quick read of apartment REITs earnings reports this week: Seems to be mostly a steady-eddy, as-expected story -- good occupancy, low turnover, and even some concession burn-off.
Not a surge, but clearly optimistic as supply tapers back.
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@Kevin_Rutois I almost bought a water-facing unit in 500 pre-Covid. My thesis that they couldn’t build on the church was very wrong, but somehow it still would’ve been a great move given what has happened since.
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@PolesMiami As everyone should. It's a nuisance to your daily routine.
That is why we saw temporary rent decreases in buildings like Icon Brickell, Biscayne Beach, and now starting to see it in Icon Bay. They are closing balconies for construction.
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Wow the rumors are true!
This is good long term for Brickell Key but man I feel bad for the neighbors and current residents of the key. Nonstop construction for years..
TRD South Florida@trdmiami
Related Group and Terra are in talks to buy out a waterfront condo next to Swire’s Mandarin Oriental site on Miami’s Brickell Key therealdeal.com/miami/2026/04/…
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@moseskagan @seandsweeney One of the most successful land developers I know does not have a college education and frequently misspells words. Elite deal maker who has built an incredible business.
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@seandsweeney Many of them can barely read and write
(This is a joke everyone)
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Don’t hate me for saying this but the large majority of the most successful real estate people in the country are not on this site.
derek guy@dieworkwear
It's surprising to me when rich people are Very Online. I'm here because I have an email job. You could be anywhere in the world but you're here on Twitter.
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I always assumed that this product didn’t exist because there was not enough MF perm volume beyond Agency.
I wonder what has changed - maybe somebody is finally closing a gap in the market or maybe a product designed with some sort of nuance in the current environment (Full term IO, higher leverage for cash neutral Refis, etc?)
I’m really curious to see what the profile of loans looks like along with the spread over Agency.
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Wall Street banks and private equity shops have created multifamily only CMBS pools.
Investors will accept tighter pricing given the risk profile is strong without office and retail properties.
The end result is cheaper rates and more proceeds for borrowers.
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