42 min listen
ASK MIKE MONDAYS - What should I be aware of when applying for BANK financing?
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ASK MIKE MONDAYS - What should I be aware of when applying for BANK financing?
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
10 minutes
Released:
Jun 5, 2017
Format:
Podcast episode
Description
Not all Lenders are the same; some Banks are not real estate lenders. Not all Lenders like Apartment loans Not all Lenders like older properties that need to be rehabbed and repositioned Not all Lenders like non-recourse loans; most will not even offer non-recourse loans Not all Lenders will like the part of town that you want to invest in. Not all Lenders will give you maximum leverage to acquire and rehab with your loan Not all Lenders will amortize apartment loans greater than 15 years Your large bank loan officer is not the decision maker; help him/her build a case for their credit committee to approve the loan. Loan officers are sales people and problem solvers, but they don’t have signing (approval) authority.
Released:
Jun 5, 2017
Format:
Podcast episode
Titles in the series (100)
Episode 1 - Mac Lawson: Mac Lawson shares with us how he was able to quit his job in the financial services business soon after he started investing in real estate. Mac owns a 176 unit apartment complex and over 50 houses in the DFW area. You will hear how he acquired and... by Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles