How can you build a good relationship with your mortgage banker? Were your expectations met?
Buying properties and looking for a perfect loan is a big deal. One key player in that process is your mortgage banker. They help and guide you through the process to have a smooth buying process. Listen in and learn the benefits of having a solid relationship with your mortgage banker!
Topics on Today’s Episode:
- DUS Lender: Direct relationship with Freddie Mac, Fannie Mae and HUD Loan with no middle man.
- The power of Berkadia
- Figure out your loan goals
- COVID Scare: The impact of COVID on student housing projects
- Importance of having a good mortgage ally: Above and beyond service
- Do We have to personally guarantee a multifamily mortgage?
- Multifamily: Best asset class and best debt in the market
- Multifamily Asset: They perform well if managed correctly
- Non performing asset: CAP rate vs Cash flow
- Powerful aspect in real estate: The ability to tell a story
Links and Resources Mentioned:
- Berkadia
- Fannie Mae
- Freddie Mac
- HUD Loans – GEC
- CMBS Lender
- Non recourse bridge
- Non recourse construction loan
- Mom and Pop
Quotes:
“Lending world is always changing”- Corey Peterson
“Multifamily is the gift that keeps on giving”- Aaron Moll
“Boom! There’s enough money chasing this sector. You can get non recourse on any type of loan that’s out there”- Corey Peterson
“Multifamily is some of the best debt in the market”- Aaron Moll
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Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.