🎉 Happy New Year from Nuvo Capital Partners! 🎉

Question:

What is the role of a "Letter of Intent (LOI)" in a multifamily acquisition?

Answer:

A Letter of Intent (LOI) in a multifamily acquisition serves as a non-binding document that outlines the buyer’s proposed terms for purchasing the property, such as price, due diligence period, financing assumptions, and closing timeline. Its primary role is to demonstrate serious interest, align both parties on key deal points early, and provide a framework for negotiations before legal contracts are drafted. While it typically does not obligate either party to complete the transaction, an LOI helps streamline the process by reducing misunderstandings, saving time and legal costs, and setting the foundation for the formal purchase and sale agreement.

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Setting the Stage for 2026: Commercial Real Estate Outlook, Key Predictions & Market Resolutions

In our final 2025 episode of The TreppWire Podcast, we look ahead to 2026 and share our early calls for commercial real estate. We reflect on how economic conditions, interest rates, and tariffs shaped the past year, then dive into CMBS trends around issuance, delinquencies, and upcoming maturities. We tackle big questions for the year ahead—can CMBS reach a $100B issuance three-peat, where is bank lending headed, and what’s next for the maturity wall? We wrap up with delinquency and pricing outlooks and our New Year’s resolutions for the market.