Suggestions
Glenn Hull
Co-Founder & CEO at SFR Analytics
Glenn Hull is the Co-Founder and CEO of SFR Analytics.345 SFR Analytics aims to provide easy access to residential real estate data, helping investors and operators succeed.6
SFR Analytics offers several products:
- Market intelligence/sales prospecting tools for private lenders.1
- Nationwide rental data feeds updated daily, useful for revenue management and prospecting FRBO leads.1
- Active investor lists that include contact information, buy box, portfolio, and financing details.1
- Software to identify potentially good on-market and off-market deals.1
SFR Analytics provides tools such as Investor Edge, Private Lender Radar, and Bulk Data to track active investors, find deals, get real-time rental market information, identify borrowers, and access nationwide data.2 The company also offers tailored solutions for operators, lenders, and service providers with role-specific dashboards, alerts, and analytics.2
Highlights
CoreVest just had their best quarter since Q3 2022 with $459m in origination volume.
Overall origination volume was up 41% QoQ and 13% YoY. The biggest jump being in CoreVest's term origination business.
Term loans represented 47% of their volume, the highest since Q1 2021. One of their loans represented almost 10% of their volume, a newly built BTR community in Jacksonville, FL (Sawyer's Preserve).
The overall breakdown of originations is pretty interesting - Miami, Jacksonville, Phoenix, and LA each had ~7-8% of origination volume. All but LA were very heavy term loans with LA producing ~35m in bridge loans in Q2.
To see full write up you can find the link in the comments.
We recently looked at >30,000 single family rental purchases in 2024.
While institutional buyers are still primarily sidelined, some smaller operators and individual investors are finding deals to buy.
The strategies are extremely varied - everything from individuals buying new construction in Las Vegas at 4% gross yields to groups that own 100s of homes in low-income neighborhoods with gross yields 25%+.
Nationwide - the median rental property was purchased for $325,000 and had a 8% gross yield. This of course varies dramatically by city, with Detroit, Birmingham, and Montgomery all posting median gross yields in the teens on new acquisitions.
Our most recent report dives into this plus a ton more - if interested, visit the link to the post in the comments.
