Underwriting commercial multifamily deals and what we look for

Any great business has great people at its core, and commercial real estate is no different. In a small world where reputation is everything, if you send out an LOI, most brokers in the current state of the market just want to know whether you can close or not. Brokers have a certain amount of influence on a seller, and if they don’t endorse an LOI because they don’t think the buyer is credible, they can 100% kill that operators chance at that deal. Many brokers deal with the same syndicators/families/operators over and over again and once that trust and often friendship is built, its tough for a new or inexperienced operator to get a foot in the door. Here at Legacy Way Holdings, we focus on deal fundamentals, but our main focus is doing good business with great people. We understand that a great GP team can make a bad deal a good one and a poor team can totally botch a great deal. People make all the difference. This is a team sport and we are building for the future, so we are making sure our team is built for the long game, because thats the only one worth playing. Lets build a legacy together.