No Cap by CRE Daily

The King of HUD: Josh Sasouness on Multifamily Lending

Season 1, Episode 2: Welcome to No Cap by CRE Daily. Today, we're joined by Josh Sasouness, co-CEO of Dwight Capital, the nation's leading multifamily FHA/HUD lender.In this episode, we dive into Josh’s family background and upbringing, exploring the origins and rapid growth of Dwight Capital. We discuss the differences between HUD and agency financing and Josh’s transition from Greystone to Dwight, including personal stories about the two worst days of his life. Josh shares insights into Dwight Funding, the current market state, and opportunities in multifamily, healthcare investments, and development. We also cover geographic markets Josh is bullish on, predictions for the American economy, and media coverage. 
Key takeaways in the episode:
 
01:29 — Intros
02:20 — Josh’s family background and upbringing
04:16 — Origins of Dwight Capital
07:19 — The secrets to growing Dwight Capital
08:39 — Difference between HUD and agency financing
11:24 — Transitioning from Greystone to Dwight
12:32 — The two worst days of Josh’s life were…
16:29 — What was day one at Dwight Capital like?
20:18 — Behind the magic of Dwight Funding
21:56 — State of the market and areas of opportunity
27:52 — Anticipating rate cuts and state of the American economy
31:22 — Performance of multi-family and healthcare investments
31:56 — Emerging opportunities in the development space
34:43 — Geographic markets Josh is bullish on
36:37 — Is media coverage overly negative?
42:51 — Predictions for the next 18 months
46:04 — Conclusion 
We want to thank our sponsor Viking Capital. Tune in for insights, expert opinions, and a deep dive into the stories shaping commercial real estate today and tomorrow. 

KKR's Big Bet on Apartments, Banks Unload Troubled CRE Loans

Season 1, Episode 1: Welcome to No Cap by CRE Daily, the commercial real estate podcast that gives you an unfiltered look into the biggest trends in the industry and the money game behind it. Each week, co-hosts Jack Stone and Alex Gornik will break down the latest news from CRE Daily with some of the most influential and entertaining figures in commercial real estate.
 
Topics discussed: 
0:00 - Introduction and Expectations
0:52 - Thoughts on “No Cap”
1:47 - The Goal of the Podcast
3:02 - KKR in the Market
4:55 - A huge hit for multi families
7:19 - Spending on Rent vs Owning
11:40 - Viking Capital
12:46 - Thoughts on underperforming CRE loans
15:11 - Pretend and extend
17:56 - San Francisco Office Market
23:48 - Viking Capital
24:14 - Goldman One’s Fundraise
28:57 - Dallas Office Market
31:21 - Work from Home Dynamics
35:47 - Bankruptcy of National Trucker U.S Logistics
39:12 - US Retail Leasing Market
43:34 - Fed’s Stress Test
We want to thank our sponsor Viking Capital. Tune in for insights, expert opinions, and a deep dive into the stories shaping commercial real estate today and tomorrow.