A Real Estate Market Update With Seth Johnson of 388 Ventures

During the Mardi Gras break, we welcome on Seth Johnson, a partner at 338 Ventures. With his wealth of real estate experience and insight, he’ll tell us about the impact of COVID and how it got us to this point. We’ll discuss the challenges that developers and project sponsors are facing, the emergence of a new, alternative lending market, and the banks’ current decision tree. Seth also gives his outlook for multi-family and the real estate market as a whole and what we should be looking forward to during and after this high-interest rate cycle.

Key Takeaways

• [00:15] - Meet Seth Johnson, partner at 388 Ventures 
• [01:51] - What happened during COVID and what’s happening now 
• [04:20] - Bid ask challenges for developers/project sponsors after optimistic underwriting
• [07:22] - What do banks want to do now? And what options do borrowers have?
• [11:57] - The short and intermediate-term forecast for real estate
• [17:39] - The long-term outlook for multi-family
• [20:20] - Capitalizing a deal in today's environment

Links

• Seth Johnson
• 388 Ventures
• The bill Is coming due on a record amount of commercial real estate debt
• The price gap between renting and buying has hit the widest point since 2000

Connect with our hosts

• Doug Stokes
• Greg Stokes
• Stokes Family Office

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• lagniappe.stokesfamilyoffice.com

Disclosure

The information in this podcast is educational and general in nature and does not take into consideration the listener's personal circumstances. Therefore, it is not intended to be a substitute for specific, individualized financial, legal, or tax advice. To determine which strategies or investments may be suitable for you, consult the appropriate, qualified professional prior to making a final decision.