37 min listen
Episode 183 - Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Episode 183 - Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
35 minutes
Released:
May 27, 2019
Format:
Podcast episode
Description
For various reasons, not all apartments will qualify for a Fannie Mae or Freddie Mac loan today. An example could be that current net operating income (NOI) versus sales price does not support a higher leveraged loan amount. Today, borrowers are seeking the right loan structure that can “bridge” them from point A to point B. Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase future property income. Most bank bridge loans will only do low leveraged (60-65%), full recourse, short term loans. Bridge loans are NOT HARD MONEY LOANS. Underwriter John Q. Banker explains how to qualify for a HIGHER LEVERAGED NON RECOURSE REAL ESTATE BANK BRIDGE LOAN when a permanent lender does not offer an immediate solution based on the asset’s current financials, current occupancy and condition. You want to listen to this conversation. John and James go into detail on what is important in bridge lending. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.
Released:
May 27, 2019
Format:
Podcast episode
Titles in the series (100)
Episode 6 - Jason Sharpe: Jason discussed how he was able to locate and purchase his first apartment complex in Carrollton Texas. by Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles