ASK MIKE MONDAYS - What do lenders look for when approving an apartment loan?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles · Paul Peebles
March 6, 20177m 3s
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Show Notes
70% of the lending decision is based on the building operations (historical and future) and 30% is based on the sponsor (liquidity, net worth, past ownership experience of apartments) Listen to Michael explain what's important in apartment financing.