"Bridge to Agency" Financing for Multifamily
Tuesday, June 26
Agency loans are awesome. Many multifamily investors analyze properties and think about their returns with an agency loan product in mind. Up to 80% LTV, non-recourse, competitive rates… what’s not to like?But agency underwriting guidelines are pretty stringent. Properties are scrutinized for vac...
How the DSCR Requirement affects your commercial loan sizing
Thursday, June 07
Most commercial mortgage loans include a clause that requires the property to maintain a minimum DSCR (Debt Service Coverage Ratio). Experienced property owners will do that math quickly in their head: DSCR = Net Operating Income / Debt Service (full loan payment that may be interest-only or amor...
How to score construction financing in 2018
Wednesday, June 06
Why is attracting construction financing different “in 2018” than any other year? We need some quick backstory.In the mid 00's, we had one of the hottest real estate markets in memory. Prices up, leverage up, underwriting standards down… it ended up spiraling out of control and led to the Global ...
What to look for in a bridge lender
Friday, April 27
So tell me what you want, what you really really want. A want a… reliable bridge lender!Whether you are purchasing an asset and time is of the essence, looking to reposition an existing asset which will take significant work, or simply need to buy some time to increase cash flow before refinancin...
All the Multifamily Perm Loan Options
Thursday, April 19
So the Fed raised rates again, with more increases expected this and next year. So what? They are still at historical lows, and it’s not a bad time to put debt on a multifamily investment property.That being said, it’s a competitive market. There are more multifamily lenders available than ever b...
NNN Retail Conversation with Chris Schellin
Thursday, April 05
The real estate industry is talking a lot about the future of retail, many using words like “Apocalypse”, others preferring to think about this period in retail history as an Evolution. As we all know, it’s not a real news trend until President Trump is tweeting about it, and it just so happens t...