Leyla
@LeylaKuni
Founder: @accreditedLP | Writing about private markets from the investor POV. Join 17,000+ newsletter subscribers
917 Following 23.7K Followers
There is a reason why such funds have historically been only open to the wealthy.
They are opaque — which, among other things, attracts bad actors.
The bottom end of the market is rife with fraud.
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Multifamily, the golden child of CRE euphoria:
"Lender Ready Capital Corp. offloaded a pool of loans backed by apartments in the Sunbelt at a roughly 30% discount, reducing its exposure to an overbuilt market, according to a person familiar with the matter." - Bloomberg
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