EP. 224 San Eng: Central Florida Multifamily Market

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Central Florida Multifamily Market

It’s no secret that the Florida real estate market is red hot. But how long can it last? And how will the $1.9T stimulus affect the market over the next 6 months – 2 years? Today we are joined by San Eng, CEO of Skytian Capital, who gives us his perspective on the central Florida multifamily market, with a focus on B and C class properties.

San Eng is a Wall Street Journal & USA Today best-selling author of “The Ten Commandments of Investing”, which is a collection of guiding principles from the greatest investors in history.

Key Discussion Points

[01:07] Opening remarks by Eric Odum and Steven Silverman
[05:43] About our guest: San Eng
[08:13] Tell us about your book “The 10 Commandments of Investing”
[10:26] Walk us through each of the 10 commandments of investing
[15:30] How did you meet Eric and Steven?
[17:55] What made you decide to invest in multifamily in Florida?
[22:04] What types of multifamily deals entice you?
[25:15] What effect do you think the $1.9T stimulus will have on the real estate market over the next couple of years??
[34:25] Is all of your equity derived from the family office, or are you leveraging that equity with other partner equity?
[36:05] How are you handling maintenance?
[37:20] What method are you using to find properties?
[41:12] How can folks contact you?
[42:17] Tell us about a really good deal that you lost
[46:44] Closing comments by Eric & Steven

 

About our Guest

Sam_Eng_400px
San Eng is a successful entrepreneur, investor, and educator. He has invested over $500 million in capital including his own 9-figure funds across multiple asset classes across North America, China, and Asia. He has co-founded and led half a dozen ventures raising over $100 million. These initiatives have created thousands of jobs. San is a lifelong learner and teacher, having taught investing at prestigious business schools and via Wizards Institute. He holds a BS Economics and a Portfolio Management certificate from the Wharton School of Business and an EMBA from CEIBS, the top business school in Asia. San currently resides in Toronto, Canada.

 

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EP. 223 Casey Siggins: Florida Debt Market Update

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Florida Debt Market Update

Over the last year there have been a lot of changes in the Florida debt market due to the COVID pandemic, and the distress in the market is having a real affect. Today we talk with Casey Siggins who gives an overview of the various asset classes and what the debt market is doing in each of these.

All the main asset classes are covered as well as various niche assets.

Key Discussion Points

[01:10] Opening remarks by Eric Odum and Steven Silverman
[04:42] About our guest: Casey Siggins
[06:27] Give us a high level view of the markets right now and the underwriting situation
[10:58] Give us an overview of the distress in the market right now (retail, hospitality, multifamily, industrial, office)
[18:29] Overview of the larger lendors and how they’ve changed over the last year
[22:28] Quick discussion of non-recourse loans
[23:14] What is going on in the equity markets?
[25:23] Give us an overview of some of the niche markets
[28:06] Are there any areas in Florida or asset classes where lenders are hesitant or won’t touch
[30:43] Tell us about how your firm, Franklin Street Capital Advisory, can help investors/borrows find the capital they need
[33:14] How can folks contact you?

 

About our Guest

casey-siggins
Casey Siggins specializes in the origination and placement of debt and equity financing for all commercial real estate product types. Casey and his team have closed nearly 1 billion worth of debt and equity transactions. Casey is the co-head of Franklin Street’s capital advisory vertical.

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