135: The Importance Of Having A Trusted Mortgage Banking Ally

How can you build a good relationship with your mortgage banker? Were your expectations met?

Buying properties and looking for a perfect loan is a big deal. One key player in that process is your mortgage banker. They help and guide you through the process to have a smooth buying process. Listen in and learn the benefits of having a solid relationship with your mortgage banker!

Topics on Today's Episode:

• DUS Lender: Direct relationship with Freddie Mac, Fannie Mae and HUD Loan with no middle man.
• The power of Berkadia
• Figure out your loan goals
• COVID Scare: The impact of COVID on student housing projects
• Importance of having a good mortgage ally: Above and beyond service
• Do We have to personally guarantee a multifamily mortgage?
• Multifamily: Best asset class and best debt in the market
• Multifamily Asset: They perform well if managed correctly
• Non performing asset: CAP rate vs Cash flow
• Powerful aspect in real estate: The ability to tell a story

Links and Resources Mentioned:

• Berkadia
• Fannie Mae
• Freddie Mac
• HUD Loans - GEC
• CMBS Lender
• Non recourse bridge
• Non recourse construction loan
• Mom and Pop

Quotes:

"Lending world is always changing"- Corey Peterson

"Multifamily is the gift that keeps on giving"- Aaron Moll

"Boom! There's enough money chasing this sector. You can get non recourse on any type of loan that's out there"- Corey Peterson

"Multifamily is some of the best debt in the market"- Aaron Moll

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