The Liquid Lunch Project Real Estate's Interest Rate Hangover: What Happens When Cheap Debt Dies
Is real estate dead? Or are we just in the hangover phase after cheap money?
In this episode of The Liquid Lunch Project, Matt and Lou sit down with August Biniaz (founder & CIO of CPI Capital) to rip the lid off today's real estate climate. We go deep on how interest rates broke the model, how Canadian mortgages force you to "rematch" every five years, and why "build-to-rent" is catching heat. The real bombs drop when we talk operator risk, investor communication, and where the real opportunities still lie in the U.S.
🍸 What you'll hear in this episode:
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How skyrocketing interest rates have throttled leverage across residential & commercial deals
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Why commercial real estate loans are shorter term (3–5 yrs) vs residential's long tail
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The big differences between U.S. and Canadian mortgages — and why Canada forces refinancing every five years
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Build-to-rent: the next wave in multifamily, with case study in San Antonio (duplexes, pre‑sales, cash flow)
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How CPI structures deals: equity investors only, GP guarantees, and how they protect LPs
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Why operator/jockey matters more than the deal itself
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The communication secret sauce: monthly property reports, weekly investor emails, webinars, open access
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Where August would place a bet if he had to pick just one U.S. state (Florida + Texas make his shortlist)
💡 Notable Takeaway: "Our reporting is very robust … we provide monthly reporting … quarterly financials … we have an investor portal."
👤 About our Guest:
August Biniaz is the founder and Chief Investment Officer of CPI Capital, a real estate fund focused on syndication and development across North America. He also hosts the Real Estate Investing Demystified podcast and is a recognized voice in the real estate investment community. August is deeply immersed in structuring deals, scaling projects, and building trust with investors.
🔊 Why Listen:
Don't gamble with your capital. Listen in to get a real‑world dose of how the smartest operators are playing real estate in 2025.
🔗 Connect with August:
📞 Want help prepping your business for growth or sale? Hit us up at https://api.leadconnectorhq.com/widget/bookings/call-with-credit-banc-pod
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