Old Capital

"Planting the Seeds"

Did the $10BN acquisition by Blackstone signal the start of a new cycle?

In this month's webinar, James Eng goes through distressed deals, how loans are getting modified, and how deals are getting financed and closed.

Watch here:

May 2024 Multifamily Financing and Investing Webinar Agenda:Market Headlines– Distressed, Extensions, Stabilized DealsQ1 2024 – Earnings Calls- Owners and LendersMultifamily Financing UpdateWant more multifamil...

Thank you to all the teams, sponsors, and attendees who came out last week to Old Capital's charity pickleball tournament: Rally For A Cause.

We were able to raise $12,500 for the non-profit City House.

Thank you to the sponsors:
Colliers, Price Realty Corporation, Ramey & King Insurance, and Fairmont Management Company

Thank you to the teams:
The Multifamily Group
Colliers
Elantex
Fairmont Management Company
GREA
London Johnson
Massive Capital
Momentum Multifamily
Old Capital
Marcus & Millichap
Power House
Price Realty
Price/IPA
R6 Asset Management
GREA
Final Final
SPI Advisory, LLC
Bellaire Multifamily Management
Twinklestar Asset

Once a year, Old Capital puts on a show for 500+ multifamily investors here in DFW.....

Save the date for the 8th annual Old Capital Multifamily Conference on October 9 and 10th.

We will be hosting the conference at the Bush Presidential Center.

Comment below if you have made it out to one of the previous seven!

Registration details here:

2024 Old Capital Multifamily Conference - Bush Presidential Center You’re invited to the 2024 Old Capital Multifamily Conference. The conference brings in over 500+ multifamily investors from around the US.

"The Great Reset".....

ULI's recent report had this as one of 10 trends impacting commercial real estate this coming year...

In this month's multifamily financing webinar, James Eng goes through how interest rates have impacted cap rates, transactions, and what the largest multifamily lenders and owners are seeing right now.

Click below to watch:
https://www.youtube.com/watch?v=zPysym_K9Tc&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

Comment below on what you are seeing out there right now.

November 2023 Multifamily Financing Webinar November 2023 Market UpdateTopics covered:1) Existing Deals, Deals on the Market, Transaction activity2) DFW Deals Closed3) Earnings Update from Multifamily ...

Thank you to the 500+ multifamily investors who came out to the 7th annual Old Capital multifamily conference the past 2 days.

Incredible amount of networking, education, and entertainment!

Thank you to all the speakers, sponsors, and attendees.

Comment below with your pictures and insights from the past 2 days!

"The only way to stop the bleeding is to get a cut"

Properties are bleeding cash flow right now, which is forcing sellers to go early if they cannot refinance.

The gap between buyers and sellers is closing rapidly as sellers have to do something as their loan maturities get closer.

Full September 2023 Multifamily Webinar Replay here:
https://www.youtube.com/watch?v=upG26mmX0DM&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

What are you seeing out there?

September 2023 Multifamily Financing Webinar - "The Gap is Closing" Sept Market Update – New Deals on Market; Lender owned propertiesMarket Update - Yardi, Marcus and Millichap, and NewmarkMultifamily Financing UpdateWant mo...

Weekend update: Is now the time?

Is now the time to acquire?

Is now the time to refinance?

Is now the time to sell?

James Eng goes through what he is seeing currently in the multifamily space:

Is now the time? August 2023 Multifamily Financing Webinar August 2023 Multifamily Financing Webinar by James Eng.August Market Update – New Deals on Market; Pricing ResetEarnings Update from Public Companies – Lende...

This month's May 2023 Multifamily Financing Webinar James Eng goes through:

1) Bridge loan refinance options
2) Earnings updates from lenders, owners, and brokers
3) Market updates from Trepp, Yardi and brokers
4) Multifamily Financing options for new deals

Watch here:
https://www.youtube.com/watch?v=_6hX-Uo5JaA&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

May 2023 Multifamily Financing and Investing Webinar James Eng goes through:1) Bridge loan refinance options2) Earnings updates from lenders, owners, and brokers3) Market updates from Trepp, Yardi and brokers4)...

When cap rates compressed from 7% to 4% everyone made money.... when cap rates are flat to up, the only way to make money in this business is to grow NOI..

Usually we bring in a speaker/panel and listen for 45 minutes.....

Last night we learned not only from experienced 3rd party property managers but experienced operators, sharing stories of best practices on the buy, ownership, and sell side.

The next 6-12 months are going to be challenging for operators, but those that are educated and can execute their business plan will survive to 2025 and come out the back side of this.

Thank you to Fairmont Management Company (Brett Luskey), Velo Residential (JC Castillo, Anselmo Torres III, Kelly Stinson), and Valiant Residential (Todd Parks) for coming out and sharing your knowledge with the group.

Next Old Capital Speaker Series will be virtual with a presentation from Neal Bawa on capital calls and some virtual networking on May 17th at 6pm CST. Register at link below.

Breaking the bank…….

The last 30 days has been a whirlwind of banking failures and FED interventions….

This month’s webinar, James Eng goes through what happened at these banks and the impact to interest rates and the multifamily lending and investing market..

Watch full 36 minute webinar here:
https://www.youtube.com/watch?v=J6rw3pysFTY&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

If you can only stay for the 1 minute shorts, you can watch here:
https://www.youtube.com/watch?v=6a8iVBWHe04&list=PLHyWiX5X1UR-YY5iCIs6T0dpeBqGnSbJX

Let us know in the comments how you guys are adjusting due to the current banking crisis.

Breaking the Bank! How the Current Banking Crisis Impacts You as a Multifamily Investor James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

Once a year, we put on a big show.... 500+ investors from across nation come together in Dallas for the Old Capital Conference....

Save the Date- October 4th and 5th in Dallas, TX.

Details here:

https://www.eventbrite.com/e/old-capital-multifamily-conference-2023-frontier-of-flight-museum-tickets-596134703947

Old Capital Multifamily Conference 2023 - Frontier of Flight Museum You’re invited to the 2023 Old Capital Multifamily Conference. The conference brings in over 500+ multifamily investors from around the US.

Imagine you bought a property at $25MM on a 4% cap ($1MM NOI) in 2021 with a 80% LTC bridge loan ($21.5MM).......

What would you need to grow your NOI to in order to refinance into a agency loan assuming a 5.50% rate? Write your answer in the comments below... then watch this video for the staggering truth.

You can't change the past, but you can prepare for the future... we go through what options owners have in today's market...

https://www.youtube.com/watch?v=-_BbNlfgHOQ&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

March 2023 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

"Survive to 25"....

With a recession looming, CPI not coming down fast enough, and a lot of new supply the next few years are going to be tougher than the past 2 years. If investors can make it through, there will be upside on the back side of this new cycle.

In this month's multifamily financing webinar, James Eng goes through:

1) Questions every GP needs to answer

2) Fed Funds Forecast

3) Market updates by Texas Metro

4) Buying opportunities in multifamily

5) How to finance existing deals and new deals in today's market



Watch here:

https://www.youtube.com/watch?v=1npHKO_DHAc&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

February 2023 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

Highlights of the 2023 National Multifamily Housing Council 2023 conference in Las Vegas. The Old Capital team attended the conference and here is a sneak peek of the action.

https://www.youtube.com/watch?v=nNfWgS8QAQs

National Multifamily Housing Council (NMHC) 2023 in Las Vegas - Recap Highlights of the 2023 National Multifamily Housing Council 2023 conference in Las Vegas. The Old Capital team attended the conference and here is a sneak p...

“Praying for a pause”

In this January 2023 multifamily financing webinar James Eng goes through:
1) Impact of a Fed pause and how investors can be prepared in 2023
2) Latest rents/occupancy/new supply for the major 4 Texas markets
3) Latest deals on the market in DFW

Old Capital closed over $1.2BN in multifamily loans in 2022 and was ranked #18 in multifamily mortgage origination nationwide by Multi-Housing News.

Link to January 2023 webinar in the comments.

Let me know your biggest takeaway in the comments below.

January 2023 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

Interest rates can go three ways....

Up, Down or Flat...

As a multifamily investor, you have to win in all 3 scenarios. Most investors are going to win only if they come down.

In this month's webinar, James Eng goes through what opportunities he is seeing in the multifamily investment market, and how current owners can prepare themselves in the upcoming year.

https://www.youtube.com/watch?v=nMAhiLA5PSc&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

December 2022 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

It's getting choppy out there....

Whether we talk to investors, lenders, property managers, the waters are quite choppy out there.

This month's webinar, James Eng covers Q3 22 earnings from large multifamily firms, inflation vs. unemployment, and tips on staying afloat out there in today's market.

https://www.youtube.com/watch?v=CXO78ngjEgM&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

November 2022 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

James Wilson and James Eng of Old Capital touring properties and discussing submarkets in DFW:

Watch Here:
https://www.youtube.com/watch?v=wq8ZzGIMzA4&list=PLHyWiX5X1UR_kLCzYmrlbwXgbOv0INitV

Send us a email/comment below if you would like to come along next time.

DFW Multifamily Property Tour- Understanding submarkets James Eng and James Wilson touring properties in Dallas, TX.For more information about multifamily financing or coming along on our next property tour reach ...

Want to learn about a 60 unit Class B deal in Fort Worth in 2 minutes? Watch highlights of a recent tour with James Eng and James Wilson at Crest River District:

https://www.youtube.com/watch?v=l8IKeaRSL7k&list=PLHyWiX5X1UR_kLCzYmrlbwXgbOv0INitV&index=3

What's the Deal Live! Crest River District Behind the Scenes James Eng and James Wilson touring 60 unit deal in Fort Worth, TX.For more information about multifamily financing or coming along on our next property tour ...

Interest rates keep going up.....is there any light at the end of the tunnel?

Buyers, sellers, listing brokers, property managers, mortgage brokers are having to adapt to this new reality...

Watch this month's October webinar, where James Eng discusses how investors are adapting to these increasing and volatile rates:

https://www.youtube.com/watch?v=kwptodwKOyA&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

October 2022 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

Thank you to all the investors who trusted Old Capital with their transactions in Q3 2022. Old Capital closed over $300MM across 3,350 units this past quarter.

When you look at properties from the outside, they all seem to be performing fine… good rent bumps and high occupancy….

For some owners though, underneath the surface is where the challenges are coming up… floating rate loans with no interest rate caps, short-term high leverage bridge loans, interest rate cap escrows eating up cash flows, cash flow sweeps in month 12 or 18 of bridge loan….

There is opportunity out there…but you need to know where to look….

James Eng discusses all these items in this month’s Sept 2022 multifamily webinar below:
https://www.youtube.com/watch?v=VOrQE8F5m8o&list=PLHyWiX5X1UR_ekqnLTV1qu2x3sbVkEKr5

September 2022 Multifamily Investing and Financing Webinar James Eng of Old Capital goes through:1) Economic and Multifamily Market Update2) Multifamily Financing Options- Bridge loans, Fannie Mae, Freddie Mac, Recou...

Investors came from across the nation to learn, laugh, and by the end of it connect on a whole new level…

Sometimes pictures do not capture the emotions during a conference, so you must go through video to pull out the raw emotions people feel to see it…

After going through the video footage, here are some of the best from this year’s Old Capital Conference.

Thank you to all the speakers, sponsors, and attendees… these moments are why we dedicate hours to put on the show.

500+ multifamily investors at day 2 of the Old Capital Conference...

We heard from JP Conklin on interest rates and which way they are going in the short term and long term.

Heard from the top listing brokers in DFW (Jakob Andersen, Mark Allen, Rowan Burch, Paul Yazbeck) about deal volume and how deals are getting put together right now with interest rate choppiness.

Paul Peebles interviewed Fannie/Freddie and Bridge lenders on how to avoid re-trades, different loan options coming up due to movement in the 10 year treasury, and how to work with your loan servicer post close.

James Eng interviewed GPs who had raised over $100MM in the last 60 days.... not only how they did it, but what they do before and after raises to make sure their investors are ready to go..

Ricardo Hinojosa then brought up property and asset managers to discuss best practices for hitting your proforma in the current inflationary environment and how to work best with each other.

Wrapped up with a great comedy set from Paul Mecurio where he talked about his transition from wall street to comedy.

Ended the night with a 42 oz tomahawk steak

If you came out, would love to hear your feedback on day 2 of the Old Capital Conference....