In this episode we cover the basics on getting small multifamily loans under 1 million loan amounts funded. Trying to find funding for smaller apartment loan purchases can be extremely difficult because many banks don’t like to make loans under a million. We have seen an influx of requests so we decided to address the basics in this video. We talk about bridge to bank financing and some tips to getting your loan request approved.
The Most Complete Property & Owner Database
In this episode, I talk about the different options for data providers that provide searches and contact information for owners. I use this for my lending business and I believe this would be great for hungry investors and wholesalers. I am using Reonomy but will give ProspectNow a trial to see if I prefer their data. They have a few more features that Reonomy does not.
If you want a free trial, feel free to message me and I will put you in touch.
Commercial Property Assessed Clean Energy (C-PACE) is an important and flexible financing source for the commercial, multi-family, and non-profit real estate markets.
How does retroactive refinancing work? The solution leverages your investment in recently-completed development projects or building renovations. You can take advantage of those prior improvements which impact utility spend (HVAC, lighting, windows, etc.), renewable energy measures, and/or seismic retrofits (in certain states).
C-PACE allows commercial property owners to get low-cost, long-term financing for energy efficiency, water conservation and renewable energy projects that is then repaid as an assessment on the property tax bill for current and future owners. Currently, 37 states and Washington, D.C., have enacted authorizing legislation; the program is active in 20 states and Washington.
C-PACE financing is less expensive than mezzanine debt and addresses the requirements by local governments that are raising the bar for commercial properties in terms of energy efficiency with more stringent building codes and performance standards.
The bottom line if you are looking for higher leverage, cheaper cost of capital, and a healthy building, feel free to reach out and connect with me.
This long recovery, particularly for luxury and boutique hotels, presents acquisition opportunity scenarios for real estate investors who may be able to reposition the asset as a long-term multifamily asset.
In this episode, we talk about some of the assets classes being looked at for conversion.
Because people always need a roof over their heads. The same Tripp report that found a 19.13% May 2020 delinquency rate for lodging commercial loans also found a 3.25% delinquency rate for multifamily assets. There is a reason for this.
HUD 232 program provides 40 year fixed rate, 75-85% LTV, non-recourse financing nationwide for the ground up construction or substantial rehab of:
• Board and care
• Memory Care
• Skilled Nursing
• & Assisted Living Facilities