Michael Haas @MHaas2020
Founder & CEO of @CRED_iQ a CRE & CMBS data/analytics platform that has property, loan, financials, comps, valuation, maturity, & borrower contact info + more cred-iq.com Philadelphia, PA Joined March 2020-
Tweets735
-
Followers613
-
Following962
-
Likes2K
New multifamily loan just transferred to the special servicer today. Location: Main Line of Philly suburbs Current Debt: $26,845,776 # of Units: 89 Year Built: 2015 Current interest rate: 8.12% Maturity: Aug. 2024 Prior Appraisal: $41.7M ($470K/unit) FY 2023 DSCR:…
Over $2.0 billion of multifamily loans hit the watchlist this morning on @cred_iq's distressed alert system. Mostly due to DSCR triggers, drops in occupancy, and pending maturity defaults.
Newly delinquent loan (current balance $58.2M) Property Type: Multifamily Units: 240 Market: Cleveland Submarket: CBD Deal Type: CRE CLO Current Loan Balance: $58.2M ($242,417/SF) Payment Status: 30 Days Delinquent Maturity Date: Apr 2025 Current Rate: 9.222% DSCR: 0.54 Occ:…
New loan just fell delinquent yesterday Property Type: Multifamily Units: 259 Market: Austin, TX Submarket: Far Northwest / Round Rock Deal Type: CRE CLO Current Loan Balance: $40.4M ($155,985/unit) Payment Status: Performing Matured Maturity Date: Apr 2024 Current Rate:…
CRE CLO Distress Rate Surpasses 10% @cred_iq #CMBS commercialobserver.com/2024/04/cre-cl…
10.13% interest rate. Philly multifamily asset
New Issue Alert - BANK5 2024-5YR6 Deal Balance: $984.3M Deal Type: Conduit Loans: 46 Properties: 54 W.A. Mortgage Rate: 6.99% W.A. Underwritten DSCR (NCF): 1.73x W.A. Underwritten Debt Yield (NOI): 13.2% W.A. Cut-off LTV: 56.0% W.A. Maturity LTV: 55.9% Some additional charts…
Office collateral making up 6% of the latest cmbs deal. Retail with 46%.
Office collateral making up 6% of the latest cmbs deal. Retail with 46%.
Highlights from this week’s newsletter
Data doesn’t sleep. And multifam opps certainly don’t stop.
Data doesn’t sleep. And multifam opps certainly don’t stop.
A 𝗛𝗨𝗚𝗘 𝗵𝗼𝘁𝗲𝗹 𝗶𝗻 𝗕𝗼𝘀𝘁𝗼𝗻 was just flagged as a Watchlist loan. Source: @cred_iq 793 keys. The Westin Boston Waterfront Hotel. Loan added to watchlist due to decrease in DSCR. 1.25x DSCR at ~80% occupancy for YE 2023. ADR: ~$260 RevPAR: ~$206
New delinquent loan failed to payoff at maturity and stopped making payments Property Type: Multifamily Units: 140 Market: Milwaukee Submarket: Milwaukee County East Deal Type: CRE CLO Current Loan Balance: $11.8M Payment Status: Non-Performing Matured Current Interest Rate:…
CMBS loan quotes under $5mm are more competitive than ever on ALL asset classes. If you are not checking out those debt options, you are being close minded. Spreads have tightened significantly.
Dan Heath @dp_heath
417 Followers 410 Following
Henny Bogan @50DollarNassau
0 Followers 282 Following
Jackson T BARRETT @NATURALBORNCIT
865 Followers 1K Following
Salty Golfer 🏴�.. @blazeratc1992
867 Followers 3K Following take me outdoors, golf, biking, fitness
Rob Fox @bobdafox
143 Followers 1K Following Blessed with an amazing family. Lover of golf. Former Black Hawk pilot. Airline pilot. Cedar Rapids. #golfisgreat #gohawks #godawgs
Gavin Campbell @steelbridgecap
384 Followers 516 Following Founder of Steelbridge. Use proprietary LLM's and AVM's to source, arb and buy public and private real estate for 1031, family office and institutional clients.
jay schuminsky @thejay2
2K Followers 5K Following CRE- / lightbulb capital group/ https://t.co/ZRvWsjgmA5 / luxia MF / creative edge offices / cadence senior living / intrust properties /retail - / https://t.co/j0QaPk0dO5
FormerFreight @InvestmentTier1
29 Followers 171 Following
Mr. B @investingcre
2K Followers 446 Following Head of CRE investments for an UHNWI. Talking deals and sharing insights. Primary investments: NPLs, bridge loans and value-add retail/multifamily. DMs open.
Dan Khoury @DanKhouryRC
12 Followers 223 Following
LBRealEstate @LBradburyRE
62 Followers 34 Following
Carlos N @buyahause
158 Followers 291 Following Distressed Multifamily owner operator buyer. HTX and FL. Buying deals in FL
Jerry Winograd @jw_hou
361 Followers 323 Following Apartment owner / operator, development of new suburban and re-development of distressed properties. Exploring and fishing in the Bahamas in my spare time.
touchypuss @touchypuss
287 Followers 312 Following my identity is wrapped up in the state school which i attended, the career i chose, and the brands that i procure. here is a banal platitude.
james m @jamesm4191
87 Followers 213 Following
MCC#05 @R2C2cor
62 Followers 197 Following
Sam W. Hunsaker @samwhunsaker
43 Followers 102 Following
J @dovakintoph
125 Followers 306 Following
Ryan Collins @ryancollinscre
249 Followers 383 Following Investment Sales | Multi-Family | Land Sales & Development
Kb @kbthetuckie
0 Followers 54 Following
followthefuckingmoney.. @FollowTheMoneyG
14 Followers 574 Following When you start thinking you can create something out of nothing it becomes very difficult to resist.
Newman @trillion72
170 Followers 382 Following
Jesse Whalen @Jesse_Whalen1
517 Followers 1K Following Office Tenant Rep Advisor - $18.8M in deal volume; 249K SF leased across 40 leases; 2.75 years in the biz | Ohio Native | BGSU Falcon
Jessica @pattonjessica24
148 Followers 3K Following
B McCarthy @bmccarth06
367 Followers 4K Following mostly lurking/replies, here for CRE, general nonsense, bird dogs, and #PCBC
604z0yjofkqh6d1v @x89a1dp1q2jyj
0 Followers 470 Following Our company first transfer USDT to you TRC20, you return 90% to our BEP20, you get 10%, you get 2K per day Telegram group for details: https://t.co/jyZdHtcwJP
Manoj @MPKKCaptial
54 Followers 2K Following
Idell Dalbec @IdeDalb
52 Followers 5K Following
Dahlia Shotkoski @DahliaShot56466
30 Followers 5K Following
Izabela Wiskowski @wiskowski48274
66 Followers 5K Following
Jazlyn Kazmierski @JazlynKazm32884
67 Followers 5K Following
Eszter Gilhuly @eszt_gilhu
28 Followers 5K Following
JTM @JTM0123456789
72 Followers 1K Following
Andrew Coen @AndrewCoen
2K Followers 5K Following Journalist covering commercial real estate for @commobserver. Proud Hofstra alum. Huge @HofstraPride and Boston pro sports fan. Rhode Island native.
Cristy Kwang @CristyKwan55505
93 Followers 5K Following
Eulah Laurens @EulahLaure49815
88 Followers 5K Following
Daniel Hoggett @dhoggettETH
10 Followers 54 Following I build high-converting landing pages for service-based businesses that turn visitors into high-paying clients | YOU DON'T PAY UNLESS YOU LOVE IT! 🚀
Mathilda Brinker @BrinkerMat22247
109 Followers 5K Following
Dino Bett @dino_bett
237 Followers 2K Following
Carlos N @buyahause
158 Followers 291 Following Distressed Multifamily owner operator buyer. HTX and FL. Buying deals in FL
Mr. B @investingcre
2K Followers 446 Following Head of CRE investments for an UHNWI. Talking deals and sharing insights. Primary investments: NPLs, bridge loans and value-add retail/multifamily. DMs open.
jay schuminsky @thejay2
2K Followers 5K Following CRE- / lightbulb capital group/ https://t.co/ZRvWsjgmA5 / luxia MF / creative edge offices / cadence senior living / intrust properties /retail - / https://t.co/j0QaPk0dO5
Gavin Campbell @steelbridgecap
384 Followers 516 Following Founder of Steelbridge. Use proprietary LLM's and AVM's to source, arb and buy public and private real estate for 1031, family office and institutional clients.
Rob Fox @bobdafox
143 Followers 1K Following Blessed with an amazing family. Lover of golf. Former Black Hawk pilot. Airline pilot. Cedar Rapids. #golfisgreat #gohawks #godawgs
Jimmy Eskridge @skridge70
92 Followers 147 Following
touchypuss @touchypuss
287 Followers 312 Following my identity is wrapped up in the state school which i attended, the career i chose, and the brands that i procure. here is a banal platitude.
Digsy @GetDigsy
6K Followers 3K Following Online one-stop-shop to market commercial properties and outsource your work #CRE #CommercialRealEstate
Lauren Vriens 🤖 @LaurenVriens
577 Followers 369 Following Building an AI product with AI (AI inception!) By day: Fortune500 AI Product Strategist. Past: Revel GM, Fulbright. All sarcasms are my own.
Clint Turner @ClintT_land
2K Followers 226 Following Work: Land Development in Texas 🤠 Fun: Golf / Poker ⛳️ Family: Wife + Expecting Girl Dad 👶🏼 $1 to charity per follower. Join for some fun
JTM @JTM0123456789
72 Followers 1K Following
Taylor Avakian @TAYVAY_
11K Followers 1K Following Los Angeles Apartment Broker | Journey to #1 agent in USA | Tweet about Commercial Real Estate | The Group CRE
Country Club Snob �.. @Eldricks_hoes
15K Followers 292 Following Member of multiple clubs, resorting to this shit-burner so I don’t get kicked out.
QE Infinity @StealthQE4
54K Followers 968 Following Healthcare sales, Investor and son of a credit trader. Macro and bond thoughts. Some Parody fun. Not investment advice.
Bridget Barrett @AwakenedAdult
1K Followers 1K Following Blogger | Writer | Coach | Creator of an online platform sharing tips on personal growth & self discovery. Learn more at https://t.co/VsATHh0lod
Leah Walczak @leah_walczak
6K Followers 357 Following Founder of GemHaus | Passionate about real estate, hospitality, and redefining the industry @gemhausgroup. My tweets are my own
TheFinnishSisu🔱�.. @theFinnishSisu
3K Followers 5K Following Wharton…Private money bridge loans; MF/SFR ground up, fix & flip, non-QM, equity, loan buying…manager $3B RE loan portfolio …Seal Beach, CA & Telluride, CO ✡️
Josh Nester @JoshNester3
61 Followers 72 Following
David Zar @ZarPropertyNY
7K Followers 1K Following Commercial Real Estate | New York City #realestate #nyc #pearljam #israel 🇮🇱
Tracy Alloway @tracyalloway
191K Followers 5K Following Co-host of the Odd Lots podcast. I like financial crisis hindsight, spurious correlation and puppies. London ➡️ New York ➡️ Abu Dhabi ➡️ Hong Kong ➡️ New York
Eduardo @eduardomilhem
56 Followers 139 Following
Josh • High Stakes .. @Josh_HighStakes
6K Followers 181 Following Accountability Coach • Jacked IT guy • Navy Vet | I help IT pros stay accountable and develop the mental fortitude and confidence to live with discipline.
Coho Capital @coho_cap
106 Followers 435 Following Searching for zeros. Not investment advice. Mainly nonsense.
Andy P @AndyPariPassu
958 Followers 2K Following CRE equity/debt (JV - LP | Pref. Mezz / Senior) 4.5 NTRP • Tennis nerd • Knicks fan • 🇮🇱 🏢📊🎾🏀 my own views *gamble responsibly *not a financial advisor
Robert Unell @unellrobert
234 Followers 2K Following Go Dawgs!!! Atlanta native, UGA grad, Braves fan. Real estate turnaround, restructuring and asset management
Iman Jalali @Stealx
17K Followers 3K Following Chicagoland Multifamily, 800+ Units - Bear Peak Capital, Family Office - Sold Tech Co in 2013 - Buying Multifamily & Investing Into Private Cos
Rowland Evans, X @rowland_evans
1K Followers 533 Following
Manny @Mancryp24
408 Followers 1K Following You gotta Work hard, to play hard. Live life to the fullest Baseball ⚾ Crypto 💵📈 Real Estate 🏘🏗
Sir David Ershon @allbark_notree
238 Followers 309 Following I thought you wanted to go to Wimbledon!
Don Johnson @DonMiami3
26K Followers 450 Following An Internet Enigma | Chief Economist @macroedgeres | Inspiring People Daily | Macro Data & Commentary | Common Sense Advocate *parody
Dan Zambonini @zambonini
3K Followers 3K Following I try to build good things. Three startup exits. Previously co-founded Docoh, Bipsync Ltd, Box UK Ltd, and Contentini. 🇨🇦🏴🇮🇹🇪🇺
Aaron Rodgers @AaronRodgers12
4.6M Followers 571 Following
John M Toroni @wowarrior40
234 Followers 697 Following President and CEO of TC Tech [email protected]
Milly Barker @drmillybarker
3K Followers 3K Following No Code Founder 💻 Fractional Growth Consultant 📈 Aspiring Farmer 🚜 Join my 30 Day Indie Growth Challenge! 🚀 https://t.co/zn1QWXCgEc
Cornelius X. Carroll @CXCarroll
5K Followers 588 Following Autodidact. Finance and technology nerd. Observer of global events. Green at heart.
Mendy Pollack @creMBP
2K Followers 882 Following Buyer of #NPL and #Distressed #CRE, Helping lenders and borrowers with #Foreclosure and #bankruptcy. #retwit. Tweeting about #distresseddebt and funky deals.
CRE Insurance Broker .. @skylarromines
6K Followers 413 Following CRE. Insurance Broker × Risk Architect. 🫶 I like humans + buildings + learning. Opinions are my own + never advice. Seriously. Don't listen to me.
Villanova Men's Lax @NovaLacrosse
19K Followers 409 Following Official Twitter Page of Villanova Men's Lacrosse, competing in the NCAA Division I @BIGEAST Conference.
IvanSotoblockchain @sotoblockchain
144 Followers 185 Following
Jesse Cole @Skydropltd
526 Followers 1K Following A 🇨🇦 chasing the 🇺🇸 dream. Expert in all things boom and bust. Murphy is my co-pilot. I post things I find odd and interesting .
Colarion @colarion
4K Followers 36 Following Investment advisor focused on the financial sector. Posts are not advice. https://t.co/NFizuUOd6G
Semper Vigilantes @SemperVigilant1
2K Followers 3K Following Precious Metals, Banks, Commercial Real Estate, Economics, Data Science, Food. Not Financial Advice
Mark Et CRE @dgnyCRE
228 Followers 641 Following Intrapreneur at DGNY CRE in NY. I accumulate pertinent data and utilize many resources to create marketing strategies for our clients, listings and prospects.
Aaron Levie @levie
2.5M Followers 630 Following Lead Magician (and CEO) at Box (@box); Huge ABBA fan. I don't fully endorse anything I say below. Go ☁
Bill Gurley @bgurley
665K Followers 2K Following VC @benchmark, Investor: @grubhub, @zillow, @uber, @stitchfix, @nextdoor, @glassdoor, @hacker0x01, @solvhealth, @roverdotcom, @instawork Trustee @sfiscience
Roelof Botha @roelofbotha
102K Followers 450 Following @Sequoia partner @PayPal CFO before. Working with entrepreneurs from idea to IPO and beyond: @nateragenetics @Instagram @MongoDB @Square @Unity3D @YouTube
@MHaas2020 @Eldricks_hoes That’s the right emotion for that place I’ve only played west
@MHaas2020 @Eldricks_hoes Merion sucks - lots of DBs and even these guys can’t get a tee time youtu.be/KPvV5QiFYqU?si… it’s a mini now
@MHaas2020 @Eldricks_hoes Enjoy Michael
@MHaas2020 @cred_iq What's your take on the defaults? Were the projections just too optimistic? Values are down, but multifamily didn't fall off a cliff. It's not office. Was the equity position that small?
New multifamily loan just transferred to the special servicer today. Location: Main Line of Philly suburbs Current Debt: $26,845,776 # of Units: 89 Year Built: 2015 Current interest rate: 8.12% Maturity: Aug. 2024 Prior Appraisal: $41.7M ($470K/unit) FY 2023 DSCR:…
Newly delinquent loan (current balance $58.2M) Property Type: Multifamily Units: 240 Market: Cleveland Submarket: CBD Deal Type: CRE CLO Current Loan Balance: $58.2M ($242,417/SF) Payment Status: 30 Days Delinquent Maturity Date: Apr 2025 Current Rate: 9.222% DSCR: 0.54 Occ:…
Connected with a CMBS lender I had no prior relationship with 2-months ago. Just signed up a $4.2mm CMBS loan with him Friday. Term sheet signed. Demand more for 5-year than 10-year loans at these rates, also wanting the flexibility to refinance sooner.
@mu2myoc Awesome write up. I’ll tell you what’s definitely 2008 all over again-the rating agencies. The ratings on most of these CLOs hasn’t changed. I guess the rating agencies still think SOFR is 0, rent growth is 10%, and there’s no vacancy or bad debt at the Judson at Waterchase
New loan just fell delinquent yesterday Property Type: Multifamily Units: 259 Market: Austin, TX Submarket: Far Northwest / Round Rock Deal Type: CRE CLO Current Loan Balance: $40.4M ($155,985/unit) Payment Status: Performing Matured Maturity Date: Apr 2024 Current Rate:…
@danjmcnamara @TwainsMustache @cred_iq @Stimpyz1 warned about this
CRE CLO Distress Rate Surpasses 10% @cred_iq #CMBS commercialobserver.com/2024/04/cre-cl…
@MHaas2020 Probably was 6% when got it. Floating rate at +500
New loan transferred to the special servicer Property Type: Multifamily Units: 86 Market: Philadelphia Submarket: Outer Philadelphia State: PADeal Type: CRE CLO Current Loan Balance: $16.0M Payment Status: Non-Performing Matured Maturity Date: Jan 2024 Current Rate: 10.13% UW…
We have raised 600k total for Lt Michael Hoosock family so far. (That includes 200k in Merch. 100k from @danawhite and 300k match from me. I'd love to get this to 1 million so I'll continue to match until we get there. Thanks as always for support.…
@ARayfor3 Been watching him since Dougherty. ALWAYS the dude you love to have and fkin hate to face
Made a 100million He’s On the tail end of his career Look at his effort in a play in game: Kyle Lowry:
Trends for United States
You might like
