In this episode, we talk about small balance agency loans and occupancy levels needed for obtaining financing. * Ten or more units: At least 90% physical occupancy by qualified occupants for the 90 days immediately before the commitment date * Less than ten units: No more than 1 vacant unit as of the commitment date, …
In this episode, we discuss a recently-closed bridge loan. The sponsor had a 19-unit multifamily property in contract. He was new to the multifamily game and needed some help. Listen/watch this episode to get some ideas on what type of financing is out there for multifamily properties.
...ADU Financing: Understanding Your Options If you’re considering building an ADU (Accessory Dwelling Unit), there’s a good chance that you’re looking for information on how to finance it. Also known as an in-law or mother-in-law unit, secondary dwelling unit, granny flat or backyard apartment, ADU’s are on the rise and a viable income stream for …
In this episode, we talk about the importance of working with an experienced commercial mortgage broker. A good broker will help you find the best financing available in the market. They will educate you on available programs and be the first set of eyes on any deals as a pre-underwrite to help you evaluate the …
In this episode, learn what blanket loans are and how to utilize them to secure the best terms and free up your buying power. Learn how to keep your personal debt ratios in check so you can still buy properties in your personal name and have more funding options.
...In this episode, we talk about how we funded this acquisition and why we went with a Credit Union instead of agency debt. We got really good terms, as OFTEN happens when you deal with a credit union. We were able to fund 80% of the purchase price on a 10-year fixed rate and amortized …