Latest / The OMC Real Estate Podcast
High Returns, Higher Risks – Case 4: A High-Leverage Manhattan Dream
In this episode of High Returns, Higher Risks, we dive into a real-life syndication that promised impressive returns but ended in disaster. We unpack a $15 million mezzanine loan on a luxury Manhattan condo project, exploring how rising interest rates, ballooning costs, and an overly optimistic exit plan turned a seemingly safe investment into a total loss. Learn why appraisals can be misleading, how accrued interest silently compounds risk, and why even prime locations aren’t immune to market cycles. This episode highlights the lessons investors must know about leverage, capital stack…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.