Jerrid Anderson

05/29/2025

Are you a Vertical or Horizontal investor?

It’s a question that surprises many—but understanding the distinction is crucial for long-term success in multifamily investing.

🔹 Vertical investors focus on a single geographic area, maximizing management efficiencies and market familiarity.
🔹 Horizontal investors chase returns across markets—ranging from urban cores to suburban neighborhoods, even across state lines.

Both approaches have their merits, depending on your strategy, goals, and risk tolerance.

How are you building your portfolio—and why?

05/28/2025

📢 Commercial property owners, this could change everything.

Legislation is in motion that may directly affect your next move — are you ready?

Watch the full podcast episode here: https://youtu.be/qwhfgdvAglU?si=otj4aeG3zjQeZkA-

05/27/2025

There are countless loan options out there, but here are 5 of the most common commercial real estate loan types I encounter. (Note: There are several varieties of bridge loans, and this list doesn’t include construction financing.)

1. Agency Loans (Fannie Mae & Freddie Mac)
Best for stabilized properties with strong occupancy and experienced borrowers
Terms: 5–30 years, fixed or floating
Benefits: Non-recourse, competitive rates, interest-only options, up to 80% leverage

2. Bank Loans (Conventional Loans)
Best for smaller deals or properties needing flexibility
Terms: 3–10 years, often with 20–30 year amortization
Benefits: Flexible underwriting, quicker closings, often recourse, more forgiving for newer investors

3. Bridge Loans
Best for value-add or transitional assets not ready for permanent financing
Terms: 1–3 years, interest-only, floating rates
Benefits: Fast ex*****on, up to 85% LTC, ideal for repositioning or lease-up strategies

4. HUD/FHA Loans (Sections 223(f) & 221(d)(4))
Best for long-term holds of stabilized or new construction multifamily assets
Terms: 35–40 years, fully amortizing
Benefits: Very low fixed rates, non-recourse, high leverage—but lengthy approval process

5. CMBS Loans (Commercial Mortgage-Backed Securities)
Best for large, stabilized properties that won’t require future capital
Terms: Typically 5–10 years, often fixed
Benefits: Non-recourse, high leverage—though limited flexibility post-closing

05/23/2025

Business Innovation: It’s essential to stay ahead. So, how do we drive innovative ways to incorporate new technology in our brokerage?

Funny enough, when we share the latest tools or technology we're using with clients, their response is usually... indifference.

Because at the end of the day, they don’t care HOW we do it—they care WHAT we deliver:

It always boils down to 2 questions for them:

🔹 Can you show me more opportunities as a buyer?

🔹 Can you get me a higher price as a seller?

Thanks to the strength of our proprietary database—one of the best in the business—I can confidently say yes to both.

How are you using innovation to deliver real results for your clients? Let me know in the comments.

05/21/2025

One of the most common questions I get is "Which Seattle submarkets are showing the most promise?"

If you're curious where the smart money is headed in Seattle, we’re seeing renewed momentum in several key submarkets—particularly those that were hit hardest during the pandemic (excluding downtown), and are now showing strong signs of recovery and growth.

📍 Top Submarkets to Watch:

Capitol Hill

University District

West Seattle

Bonus Insight:
I've had multiple conversations recently with clients seeing solid performance in Roosevelt and North Seattle—two areas that continue to quietly outperform expectations.

Let’s connect if you're exploring investment opportunities in Seattle's multifamily market.

05/20/2025

Washington’s new statewide rent cap is more than a local headline—it’s a signal of what’s coming.

After years of debate, the state has passed a law limiting rent increases to 7% plus inflation, capped at 10%—and other states may soon follow suit.

This move reflects growing political pressure around affordability and limited housing supply. For commercial real estate professionals, it’s a reminder that policy is becoming just as critical as market forces in shaping the future of investment and development.

As builders face rising costs and regulators look for alternatives, collaboration between lawmakers and the real estate industry is more important than ever.

How do you see legislation like this impacting investment decisions in your market? Let me know in the comments.

Washington passed a hard-fought statewide rent increase cap after years of negotiation. As federal renter protections erode, more Democrat controlled states may follow, turning to rent control as construction costs limit new housing supply.

05/15/2025

The upside of owning apartments: They're easy to understand and even easier to lease. A clean, well-marketed unit can get rented out in a weekend.

The catch: Those new tenants? They're now your residents — and they come with a wide range of needs, from figuring out how to pay rent to requesting help with a light bulb.

Multifamily investing is simple on paper — but success comes down to your willingness (and systems) to serve people well.

If you're thinking about getting into this space or have questions, feel free to give me a call, I'm always happy to be a resource.

05/08/2025

Washington State just passed major rent control legislation — House Bill 1217 — and it’s now waiting on Governor Ferguson’s signature by May 20.

This video breaks down everything landlords, tenants, and investors need to know about the bill:

- Rent increases capped at 7% plus inflation, or 10%, whichever is lower
- Manufactured home parks face a stricter 5% cap
- No caps on affordable housing or owner-occupied 2–4 unit properties
- New buildings are exempt for 12 years
- 90-day notice required before raising rent
- No rent increases allowed during the first year of a lease
- The rent cap expires after 15 years for most properties
- Mobile home park caps are permanent

The most alarming part? HB 1217 does not include state-level pre-emption. Cities and counties across Washington will still be able to impose their own — possibly stricter — rent control rules on top of the state law.

Watch for a full breakdown of what this could mean for housing across the state.

05/06/2025

Washington Passes Statewide Rent Control — and the ripple effects are already being felt.

Here’s the breakdown:
🔹 Rent increases capped at the lesser of 7% + inflation or 10% annually.
🔹 Manufactured housing? A flat 5% limit applies if you own the unit but rent the land.
🔹 New construction is safe — for now: Buildings in their first 12 years are exempt.
🔹 MFTE program expanded; No caps on affordable housing.
🔹 National push is real: 82% of Americans now support rent control, per Redfin.
🔹 Exemptions: Buildings owned by nonprofits or public housing authorities, as well as duplexes, triplexes, or fourplexes if the owner occupies one of the units.

This bill is going to reshape how deals are underwritten, how developers assess feasibility, and how the market grows (or doesn’t) in the years ahead.

This isn’t just policy. It’s a market shift. Stay tuned for more updates on how this all unfolds.

The bill is just the latest in a line of governments trying to implement rent control.

05/02/2025

Early in my Commercial Real Estate career, I used to wrestle with the idea of being just a salesperson.

Twelve years later, I’ve learned that being in the trenches every day—making the calls, walking the properties, studying the deals—adds up to something much more.

Now, I know this market inside and out. That knowledge didn’t come overnight. It came from showing up consistently, staying curious, and putting in the reps.

Growth doesn’t happen all at once. It happens in the quiet moments, in the daily effort, and in the belief that over time, it all adds up.

Have a great weekend everyone!

05/01/2025

Financing Commercial Real Estate: What Most People Overlook

Securing a loan for a multifamily property isn’t just about the building’s income or your balance sheet—lenders are also looking closely at your experience. You could have strong liquidity and a well-performing asset, but if you’ve never operated an apartment building, financing can still be a challenge.

My advice? No matter your level of experience, work with a great debt broker. They understand the nuances, know how to position your deal, and can save you time and stress.

I highly recommend Jacob and his team at Crux Commercial ([email protected])—they're who we trust with our deals.

04/30/2025

Insurance Was Killing Multifamily Deals — Until Now 👇

Old multifamily buildings (pre-1974) are getting dropped by local insurers in Seattle — killing deals left and right. But we cracked the code with a new broker, competitive rates, and policies lenders actually accept — all under $1,000/unit.

Deals saved. Closings secured.

Reach out to us if you have questions. Stay tuned for full Podcast with Jack Shephard going live soon!