The Year That Was – Multifamily Real Estate 2023 World Events A few key events always become defining moments in any given year. In 2023, we saw some real defining moments. For the first time in almost 70 years, there was a coronation in England, spy balloons were shot down over the U.S., devastating earthquakes…
Sweetwater Capital is pleased to offer a unique investment opportunity with the acquisition of Cumberland Park Duplexes, a 20-unit property with adjacent .91 acre of raw land nestled in the heart of Raeford, NC. Untitled Document
Effectively managing market volatility requires the proactive deployment of financial strategies Market volatility necessitates proactive financial strategies. Apartment operators can address rising expenses in various ways. The multifamily industry experienced record annual growth in revenue, expenses, and net operating income last year, driven by the highest inflation rate in a generation. This underscores the vulnerability…
Understanding Assumable Loans An assumable loan allows a new property buyer to inherit the seller’s loan. Essentially, when a commercial property is sold, the buyer can step into the seller’s shoes and take over the existing loan. However, it’s crucial to understand that not all loans are assumable, and many come with specific conditions for…
In today’s economic climate, navigating the commercial real estate market might seem like sailing through rough seas. With increasing borrowing costs, sluggish rent growth, and persistent inflation, many investors feel lost amidst the turbulent market waves. But even in such challenging conditions, the proper guidance can help an investor chart a successful course. Enter Sweetwater…
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A look at YTD rent growth and its implications for apartment demand Annual rent changes are a lagging indicator of current market conditions, but year-to-date (YTD) rent growth is better at understanding what’s happening at a year’s midway point. As of June 2023, YTD rents have grown 1.9% across the country, indicating strong demand. The…
FOMC Meeting Between March of 2022 and May of 2023, the Federal Reserve has raised the Federal Funds rates ten times – taking it from effectively zero to 5.00% to 5.25%. Historically this has been one of the Federal Reserve’s fastest tightening sequences. The June 14th FOMC meeting marked the first time in more than…
CONTACT: Rob Ferguson Vice President of Sales Rob@sweetwatercap.us (919) 730-4348
Consider These Points Before Investing in Multifamily Real Estate Multifamily homes are a great way to get into investment properties. As with any kind of investment, you must consider the potential benefits and risks that come with the asset type. 5 Benefits of multifamily investment properties When it comes to investing in real estate, multifamily…
Client Spotlight: Mortgage Brokerage Since 2011, we have closed 12 loans totaling $302MM for one of our biggest clients. We are working on two more loans for this client, totaling an additional $83MM. Once these loans close, our client’s total volume with us will be $385MM. This kind of relationship would not have developed if…
Fayetteville, NC Multifamily Market Report 2022 Recap National interest in the Fayetteville, NC, market is on the rise as the strength of the Sun Belt continues to draw investors into the region. The increase in activity resulted in a record $621M in multifamily sales volume in 2022 – a 17% increase over 2021. Capitalization rates…
FOR SALE: Park West Apartments Park West Apartments consists of 13 buildings and 104 units, built in 1987, and currently at 98% occupancy. There are 16 one-bedroom units, and 88 two-bedroom units with an average of 894 SF. The community features a sizeable pool and lounge area, playground, laundry facilities and on-site maintenance and property…
With a recession looming, commercial real estate investors are scrambling to decide where to invest. As a sector with a strong track record even during tough economic times, self-storage might be worth considering. MJ Partners Real Estate Services notes that the self-storage industry looks to have a healthy growth trajectory thanks to factors such as…
Despite the forecasted recession, most seemed cautiously optimistic, and projections were far from dire. Our own observations of the multifamily market align with this perspective. There is still capital looking to invest in commercial real estate, and multifamily remains a front-running investment choice. The increased cost of ownership for single-family homes, coupled with a nationwide…
A new year and shifting markets – how will investors and property owners fair in 2023? Let’s take a look. Let’s start by agreeing that no one has a crystal ball that will tell them exactly what will happen in 2023. That said, we can make a few educated guesses based on historical trends and…
For the Sweetwater Investment Sales Team, it was a banner year with just over $183M in volume. In total, the team facilitated trading 1,442 doors with an average price of $127K per door. The investment sales team has been growing since its start in 2020 – and 2022 was our best year yet! Sales were…
With the stores decorated for Christmas and shoppers rushing to get last-minute stocking stuffers, it is time to take a moment and reflect on the year that was. 2022 saw the end of a pandemic and the start of a war – England said goodbye to their queen, and NASA returned to the moon. It…
THE PROPERTY A stabilized value add opportunity, the Waters Edge Town Apartments is a 30-unit townhome-style complex in Fayetteville, NC. The 2.84-acre four-building community was built in 1985 and is comprised of all two-bedroom units. Sitting along the Cliffdale Corridor, the property is conveniently located minutes from Fort Bragg, the Skibo Road economic corridor, and…
FOR SALE New ownership will acquire a well-maintained property that offers immediate organic rent growth. This investment would benefit from an interior value-add program, providing the ability to increase rental income and attract additional residents. Property website: churchstreetnc.net Click here for all listings
PORTFOLIO – 3 PROPERTIES Jacksonville, NC – 254 units PROPERTY WEBSITE LAND – 8 ACRES 2228 Applebury Lane Fayetteville, NC PROPERTY FLYER GREEN VALLEY Fayetteville, NC 45 units PROPERTY WEBSITE HAYMOUNT COURT Fayetteville, NC 32 units PROPERTY WEBSITE LANDMARK APARTMENTS Fayetteville, NC – 128 units $14,150,000 LAKESHORE GRANDE APARTMENTS Fayetteville, NC – 60…
The State of the Multifamily Market and a Look Ahead to 2023 The Macro Environment As 2021 drew to a close, concerns about rising inflation and an overpriced housing market began working their way into conversations. The Federal Reserve and many industry experts assured anyone who would listen that inflation was transient – a…
THE PROPERTY Kirkwood Place is a modern mixed-use property consisting of upscale apartments and Class A commercial space. Completed in 2017, the property provides residents with a sophisticated experience and a generous selection of amenities, including a lounge, coffee bar, and 24-hour fitness center. A short eight-minute drive from Downtown Greensboro, Kirkwood Place is located…
Federal Reserve Keeps Pushing Up Rates! On September 21st, the Federal Reserve (Fed) raised the Federal Funds Rate by 75 basis points. The fifth increase for the year pushed the target rate from 2.25% to 3.00% – the highest rate since February 2008. The hike follows the release of August’s inflation numbers – at…
Referred by an existing client, Sweetwater Capital set out to place permanent financing for this 160 unit multifamily property in late 2019. Looking to achieve $12.2MM loan amount, we had a few hurdles to jump through to close the deal. First, we needed to raise the occupancy and revenue. We introduced the borrower to a…
$43MM Refinance at 4.015% Interest Rate for South Carolina Multifamily Asset
Refinance provides large cash-out to borrower for new development
$13.5 million dollars. 4.33% interest rate. 3 years interest only.
We regularly find ourselves answering the same question “What do you do?”. Read our short post to learn about what our name, Sweetwater Capital, really means.
2019 begins with the placement of a $20.5M construction loan for a new multifamily property in Burlington, NC
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Read through Jackson Howard’s responses to what 2018 holds for commercial real estate investors and lending strategies with the new year. 1. What is the biggest challenge you anticipate in 2018 as a direct lender or financial intermediary in commercial real estate? Where do you see the biggest opportunity for your company in 2018? Toward…
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