42 min listen
ASK MIKE MONDAYS - “Michael, LIBOR is being phased out; what impact will SOFR have in commercial mortgages? Should I be concerned?” BONUS CONVERSATION…
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ASK MIKE MONDAYS - “Michael, LIBOR is being phased out; what impact will SOFR have in commercial mortgages? Should I be concerned?” BONUS CONVERSATION…
FromOld Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
ratings:
Length:
63 minutes
Released:
Mar 22, 2021
Format:
Podcast episode
Description
Secured Overnight Financing Rate (SOFR) is the new index that both Fannie, Freddie and some bridge lenders use for their adjustable rates. Remember, index + profit margin = interest rate. The more stable the index…the more stable the rate. In the last few years, the London Interbank Offer Rate (LIBOR) was the preferred index. BUT…regulators thought that LIBOR could be manipulated and now we have: SOFR. SOFR is consider a ‘less risky’ index. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.” 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. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.
Released:
Mar 22, 2021
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