Doug Banerjee
Senior Managing Director of Greysteel
Experience and Recognition
- Several years of multifamily experience with a national real estate services firm, focusing exclusively on advisory and disposition services for multifamily property owners in the South Central United States.
- Over six years as a consultant for two top consulting firms in the world, Accenture and Deloitte
- Greysteel President’s Club: 2017 & 2018
- Promoted to Senior Managing Director: 2019
Key Points From This Episode
- Greysteel has closed over 1500 units in El Paso
- Investor chasing yield in secondary markets
- Oil Demand drives markets like Odessa, TX
- Austin has lower cap rates than DFW, the California of Texas
- DFW projections for rent growth are around 3% to 4%, but investors are conversatively underwriting at 2% to 3%
- What is a broker looking for in a buyer? - Transparency, Experience
- Syndicator should have proof of funds
- Hard money speaks to the committment to close
- Schedule of real estate owned
- When lenders lock in fixed rates and lock in their profits often the loan will be assumable
- Prepayment penality can be avoided by assuming the loan
- DFW is a great market for multifamily investment because of job diversity and populations growth
Contact Information
Doug Banerjee Doug Banerjee on LinkedIn