Getting debt quotes from commercial lenders can take days to weeks. Learning to ballpark your own loan sizing using simple lending guidelines will give you a headstart on the competition.
As part of a two episode series from last week, we talk with Lane Beene, owner of Pilot Properties and Spencer Burton, creator of the popular commercial real estate financial modeling website – Adventures in CRE – about how to quickly size a loan on an apartment property using free downloadable analysis tools.
Watch this episode to learn
* How to quickly ballpark the financing terms your deal will qualify for
* Key metrics that lenders use to size your loan & how to model them
* What is the difference between debt service and debt yield
* When to use bridge debt and what to watch out for
Get Smart and Invest Smarter with the Apartment Investor Show where JC Castillo and Paul Peebles interview top industry experts and discuss current market trends, investment strategies and fundamental concepts to help you make smart multifamily real estate investments. Visit our website at: http://apartmentinvestorshow.com/
JC Castillo has spent the last 13 years helping investors profitably navigate the ups & downs of a full market real estate cycle. In 2006 he founded Multifamily Property Group, a vertically integrated private equity firm focused on large scale value-add apartment properties in select US markets. Learn more about Multifamily Property Group at: https://www.multifamgroup.com/
Paul Peebles has been arranging real estate financing for borrowers and institutional clients since 1987. Mr. Peebles is the National Underwriter at Old Capital, underwriting and structuring all transactions handled by the company. Learn more about Old Capital at: http://www.oldcapitallending.com/
Guest Info:
Lane Beene
https://pilot-legacy.com/
Spencer Burton
Get free downloadable CRE underwriting models at link below
https://www.adventuresincre.com/