As a multifamily and CRE lender, I really appreciate the depth of this discussion. Great Job!
@adiosmiamigo3 жыл бұрын
This is one of my favorite BP podcasts. Thanks for sharing all this info on the commercial lending side. I’m excited to start acquiring larger multifamily properties. I have a duplex right now
@VictorSanchez-cd6ow3 жыл бұрын
This is by far my favorite multifamily show, keep this content coming please!!
@Woodshadow2 жыл бұрын
It is interesting hearing Terrance ask questions about debt and larger deals. He has a ton of experience in single family and smaller multi family. I have mainly worked with institutional investors on deals ranging from $50M-$400M in my day job. Our loans are with Citi, Wellsfargo, Chase, BOA, US Bank etc. I feel like my knowledge base is completely different and I am learning so much from these guys while also feeling like I know more than Terrance in some cases.
@mravsolody2 жыл бұрын
Great show, very helpful! Kudos to the investor that holds 8,000 units in his own name
@GR.33. Жыл бұрын
14:00 include increase basis points to account for origination fee 17:30 types of banks
@khaleelahamin80802 жыл бұрын
Thank you Terrance & Chris for this informative video! I'm new to REI and looking to acquiring my 1st deal. This video will definitely be on repeat and great note 📝 taking!
@briansalazar78183 жыл бұрын
Thanks for this. I'm just starting on my real estate journey. Knowing about the four C's that lenders look at and how that family refinanced their personal loans into a commercial loan are great things to have in the back of my mind as I grow my real estate empire :-D
@funnellsites15573 жыл бұрын
This was SUCH a good episode. I learned a ton👍🏾👌🏾
@aurelia42973 жыл бұрын
hey what degree do u think i should take to invest in multifamily in the future? i got a scholarship in urban planning and real estate....or should i take finance
@spaceshipmoon692 жыл бұрын
Superb Content!!
@TheSONofOL3 жыл бұрын
I bought a 4plex outright for 235k raised rents from $2300 to 3k monthly. Looking for 80/20 LTV with an appraisal of ~300-320k so I can get my initial investment of 235k back. Would a 30 year residential loan make the most sense for my circumstance? Thanks for all the info! Appreciate any advice.
@TheSONofOL3 жыл бұрын
*Would like to add I'm looking to hold long term 30+ years and build a portfolio!
@adiosmiamigo3 жыл бұрын
How do you know you would get an appraisal value of 300-320k? Do the comps support that value? 4 units is technically residential so 4 unit properties aren’t typically valued based on NOI in the lenders eyes like commercial properties are. If the comps support the 300-320k value you can expect to be able to refinance based on that value. If you have other properties, refinancing into a blanket loan is another option you can use.
@spearheadmortgagecompany37133 жыл бұрын
@@TheSONofOL From the sounds of it, a 30yr residential loan should accomplish what it is you're looking for. As long as you personally have outside income to support the request and your personal credit is good - you should pursue that financing. Nice work on this property and hopefully you get the cash out as planned, seems like a solid investment!
@TheSONofOL3 жыл бұрын
@@adiosmiamigo forced appreciation by renovating and increasing rents also potentially adding a 5th unit in the basement. My commercial lender told me if I raised rents to 750ea unit they could get a 300-320k appraisal with 80/20 LTV
@adiosmiamigo3 жыл бұрын
@@TheSONofOL Sounds good. Your commercial lender should be able to guide you in the right direction with this refinance based on your goals and objectives if he’s any good
@tomblain77533 жыл бұрын
FHA 35 yr commercial loan sounds way too much like USDA set income, subsidized, low income, But they didn’t speak of those limitations. That’s interesting
@BestMove288 ай бұрын
🔥🔥🔥💯
@aledro2023 жыл бұрын
How can I reach those guys?
@30892802883 жыл бұрын
Plenty of potential deals where I'm at.
@spearheadmortgagecompany37133 жыл бұрын
Let us know if we can help with anything! What market are you in?
@rcruz4013 жыл бұрын
Thank you guys for all the GREAT INFORMATION 👍🏾 I can't seem to find much content like this for Commercial Multifamily Investing. I would love to speak to you regarding the Project I'm currently working on. What's the best way for me to reach out?