Arn Cenedella

@Stuart Udis Yours is an interesting and good question. I can tell you at Spark Multifamily Investment Group we do low leverage fix rate deals that do not project “over the moon” returns. We always get fixed rate debt. Our typical leverage is between 65% and 70% LTV. We have one at 80% LTV and two at 55% LTV. We typically project LP IRRs over a 5 year hold of 13% to 14% along with average annual cash flows of 6% to 7%. These numbers do not make anybody jump up and down with joy.

Updated 13 minutes ago on 03/09/2026. Most recent reply Member since Nov 16, 2025 Posts 16 Votes 11 16 Posts 11 Votes Member since Nov 16, 2025 Posts 16 Votes 11 Jeff IsaacsPoster 11 Votes | 16 Posts If you are looking at a property and you could get a 10-15 year tax abatement (on the improvements you make), when can it be a bad idea? Assuming there are restrictions obviously, like you can only rent to 60% or 80% AMI tenants or some other rent cap.