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Both residential and commercial occupancy rates and rents are contracting in many places and the government remains committed to taming inflation. Additionally, taxes, insurance, and other expenses are increasing. For operators with loans coming due over the next couple years, the combination of less revenue and increased operating and borrowing costs, may make refinancing nearly impossible. As a result, a lot of landlords who acquired properties at record high rents and record low cap rates will be forced to sell at heavily discounted prices. Justin Sloan, President of Sloan Capital, is deploying capital into non-Real Estate, cash flowing, debt free assets. Justin has recently bought the franchise rights to an incredibly successful fruit bowl franchise concept in Texas and Iowa.
