EPS 310 - YOU HAVE TO LISTEN TO JACK COHEN. Period.

Jack Cohen is a legend in commercial real estate. He is the DARK KNIGHT in commercial real estate. He was the former CEO of Cohen Financial for 25 years. Cohen Financial was one of the largest commercial real estate lenders in the nation. Jack chats about his 40+ year history in commercial real estate investing and lending. He brings interesting questions to the table:
“When investors look at their investment processes, as well as the investments that they made during 2019-2024, what have they learned? What worked? What would they have done differently?
ALL of us backed projects and sponsors during this period that ultimately played out very differently than we thought. Some played out better, some played out worse, than we thought. What can we learn from this?
Can we finally agree that cash flow matters? That our space – Commercial – is defined by income producing real estate. That means we actually must underwrite tenants’ capacity to pay rent as well as a sponsor’s ability to manage expenses properly.
SOFR has gone up and today the marketplace is mostly financed with short term floating rate loans. Did we not learn this lesson in the 1990’s with the failure of Long-Term Capital Management? The punchline is to match duration of assets with liabilities. Borrowing short on a long-term asset has its risks.”
WOW!!
To contact Jack Cohen: darkknightventures.net

Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes