EP26: Geek Out on Syndicated Finances: Rob Beardsley's Take on Loans and High Interest

Think Outside The Stocks

Nerd Alert! Be ready to take notes!
This episode, Rob Beardsley, from Lone Star Capital, is going to give you so much wisdom about how loans are structured in syndicated real estate investments: who gets paid first when you, as a passive investor, get paid? Also, learn what the fees are and how partnership splits work for passive investors.
Start learning the numbers behind Syndicated Real Estate so you can ask the right questions to the syndicated team and do your due diligence. Syndicated real estate is just not about using leverage of loans from lenders but leveraging sponsor expertise, too.
Learn how to thrive amidst the tumultuous waves of the real estate market with our expert, Rob. With his rich experience in underwriting and capital structure, Rob throws light on key strategies like retaining capital, long-term property holding, and leveraging fixed-rate debt for maximum protection during downturns. Let's dissect the potential impacts on cap rates and net operating income in multifamily syndicated real estate.
Who is Rob?
Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital and has acquired over $350M of multifamily properties. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets and hosts the Capital Spotlight podcast, which is focused on interviewing institutional investors.
How to connect with Rob:
Website: https://lscre.com/
LinkedIn: https://www.linkedin.com/in/rob-beardsley/
Show notes:
[2:03] Three facts about Rob
[3:09] What should we focus on in the current environment or market
[6:57] Why multifamily is a good place to invest
[13:03] Let’s talk about value-add
[16:27] The fixed-rate cap
[20:38] Capital stock and where are you positioned?
[23:03] Mezzanine debt
[25:08] How does Rob and his company get paid?
[28:57] Acquisition fees—what to look for
[29:56] What is a waterfall structure?
[34:22] Dealing with multi-class deal structure
[37:44] Different types of investors
[40:09] 3 advises: what passive advisors should focus on
[43:52] Final tips
[44:04] Rapid fire
[45:33] Outro
Think Outside The Stocks brings you industry experts and guests to share their knowledge and expertise. To invest with them directly, please do your own thorough partner and investment due diligence.
To participate in the thoroughly vetted investments and strategic partners alongside us as our passive partners, join our Investor Inner Circle for FREE

Access FREE investor education, and join our community in the members-only area.
To start your journey, download Active Cashflow with Passive Real Estate Investments.
Read the full description at https://thinkoutsidethestocks.com/podcast
CONNECT WITH MADHAVI JAIN: LinkedIn, FB or IG

Disclaimer: This podcast is for education and information purposes only, not an investment opportunity or financial advice. Please do your own due diligence and consult your tax, legal or financial advisor, etc., to invest.