🏦 The biggest differentiator between bank and agency apartment financing is whether the loan is recourse or non-recourse. Fannie Mae and Freddie Mac (agency) loans used to buy or refinance apartment buildings are non-recourse, meaning that the debt is secured only by the loan collateral (e.g. the apartment community). If you default on a non-recourse …
Cash-Out Refinance Seasoning for BRRRR Loans In this episode, we discuss the underwriting criteria for cash-out refinance seasoning for portfolio rental loans. What does that mean? Watch the video to find out! Suffice it to say that each portfolio lender has different underwriting criteria. Some allow for 90 days and will use new appraised value. …
⏯️ In this episode of the Investor Financing Podcast, we talk about financing your value-add multifamily deals with bridge loan debt. 🔴 After you complete your CAPEX and implement your leasing strategy, it’s time to Refinance, Rinse, and Repeat. Smaller multifamily units under 10 can often qualify for portfolio rental loans which is good if …
The pari passu option is not often discussed or even well-known in the banking world . What’s more, most lenders – even many SBA lenders – are not yet aware of the pari passu arrangement. However, watch this episode to see how to structure these deals to get higher leverage with a relatively low cost …
As Gary Vaynerchuk (“Gary Vee”) says, “If you’re not putting out stories, you basically don’t exist.” We should look at ourselves as media companies today. We are no longer “just real estate brokers, lenders, and investors.“ Building a brand could be the game-changer for you. In fact, it will be a game-changer for you because …
In this episode, we talk about the advantages of working with a commercial mortgage advisor to help facilitate the SBA 504 loan and source the best loan possible. Of course, every lender has a different risk appetite. Working with the right advisor can help you save money by helping find and negotiate the best financing …