Using Data in Evaluating Deals
I break down the difference between primary and secondary sources in commercial real estate and what you can trust to utilize in your underwriting. Here is a quick breakdown of sources: Primary sources- Local Property Management (can contact through Apartments.com [http://Apartments.com]), CoStar.com [http://CoStar.com] access through Brokers, Contractors, Mortgage Broker Term Sheets, Mortgage and Capital Markets platforms like Trepp.com [http://Trepp.com], Developer source like Esri.com [http://Esri.com]. Secondary sources- realpage.com [http://realpage.com], yardimatrix.com [http://yardimatrix.com], Public Brokerage Reports, alndata.com [http://alndata.com], demographic and economic platforms like Census.gov [http://Census.gov], bls.gov [http://Bls.gov], City-Data.com [http://City-Data.com], spotcrime.com [http://spotcrime.com], nar.realtor [http://nar.realtor], Rough Debt Term Sheets from Fanniemae.com [http://Fanniemae.com], Freddiemac.com [http://Freddiemac.com], Hud.gov [http://Hud.gov]. Articles and Live CRE activity- Bisnow.com [http://Biznow.com], globest.com [http://globest.com], therealdeal.com [http://therealdeal.com], housingfinance.com [http://housingfinance.com], localhousingsolutions.org [http://localhousingsolutions.org] for interviews and webinars with CRE professionals. Tertiary sources- Social Media and Education Platforms like Bigger Pockets and other influencers