Is My Credit Score Important for a Commercial Multifamily Loan?

The short answer is YES. While the financial performance of the underlying asset takes precedence, the credit and financial strength of the sponsor is also underwritten.

In any loan application situation, whether it’s a standard home loan, a multifamily commercial loan or any other type for that matter, your credit score is an important consideration for lenders. It can define which loans you’re eligible for, plus the rates and other benefits for which you qualify.

Obviously, a high credit […]

My Appearance as the featured Guest on The Real Estate Guys Radio Show Podcast

For years I’ve listened to Robert Helms and Russell Gray, the promulgators of the The Real Estate Guys Radio Show Podcast. It is, and has been the #1 downloaded podcast on real estate investing for quite some time now. They have built a large following of thousands of listeners by focusing their content on high quality real estate investing education.
They have had so many amazing guests over the years which have included Robert Kiyosaki, Steve Forbes, Donald Trump, Peter […]

The 5 Ways You’re Paid In Real Estate Investing

The following post was first published on Keith Weinhold’s “Get Rich Education” blog, and is re-published here with the author’s permission.
Most people know that real estate has made more ordinary people wealthy than any other investment vehicle.

But they don’t know how.

Real estate is a “multi-dimensional” investment class. This means that you’re paid multiple ways simultaneously. Five, in fact!

Let’s briefly explore each of your five with a simple example, and we’ll add up your rates of return to see how […]

How Can a Non-Recourse Loan Help You as a Real Estate Investor?

There’s a good chance you’re already familiar with the concept of a non-recourse loan, but to help illustrate it, let’s define its exact opposite—a recourse loan. Let’s say you take out a loan to buy a car. As a provision of the loan, the lender can require you to sign a personal guarantee upfront—also known as a recourse term. This allows the lender to take possession of the car if you fail to make payments.

The same is true with […]

When Would a Multifamily Bridge Loan Be Most Advantageous?

Here’s the the good news: you’ve found the ultimate multifamily property that you’ve been looking for.

The bad news: you don’t have the funds needed to transition ownership within the seller’s timeframe, and for whatever reason, your current financing options are limited.

Many prospective property owners in this situation have seen investment opportunities disappear because they weren’t aware of alternative financing options. But here’s some additional good news: you are not destined to miss an opportunity simply because you can’t finalize […]