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Getting a high yield on cash flowing residential property has gotten harder, even in secondary and tertiary markets. Even with interest rates climbing over the past year, which makes properties hard to cash flow, sellers have not lowered expectations for what they think their properties are worth. As a result of this and a tighter lending environment, sales volume of commercial properties has contracted 70% in recent months. Mark Updegraff, CEO of Raze Capital, acquires, manages, and develops commercial properties in Rochester, New York where prices are still prohibitive. In order to expand, Mark is starting to raise capital for other asset classes in other markets with co-General Partners.