Originally posted by @Dan McDermott:Hey!

Berkadia is #1 Freddie Mac Optigo, #3 Fannie Mae DUS, and #3 HUD/FHA multifamily lender in the country as of YE 2022, and my team originated ~$325,000,000 in agency loan volume last year.Lately I’ve noticed many of you asking about multifamily financing options, and thought this would be an opportunity to host an AMA regarding Freddie Mac and Fannie Mae agency multifamily financing, an area in which I specialize.

The banks you are speaking with either do not originate conventional loans or the LO simply does not know how to originate them.  

Originate my construction loan by end of 2025 Q1 for a 21 unit school building conversion5.

Originally posted by @Greg O'Brien:A lot of questions around a balance sheet. 

Were you really stoned when you came up with this hair brained scheme?

I’m being a bit uncharitable here, but they backed off of their original plan, stayed silent for two months, and then quietly passed a regulation stating four or more unrelated occupants can’t live together.

Cause you don't want to tell the original seller how much profit you're making?

You are 100% financed on the new property and close to 90% on the original property.

Originally posted by @Drew Sygit:100% agree with @Jay Hinrichs!