Should You Use a Broker for Your Commercial Loan Request?
Should You Use a Broker for Your Commercial Loan Request?
In this episode, we delve into the crucial considerations when determining the right type of commercial loan for your needs. Whether you're contemplating approaching a bank credit union or exploring various loan types like Fannie Mae, Freddie Mac, CMBS, or life company loans, this episode covers you!
Key Points Discussed:
Understanding the project's nature is the first step in identifying the most relevant lender.
Many sponsors collaborate with experienced commercial mortgage brokers for a broader range of financing options.
Exploring challenges in obtaining construction financing for multifamily projects and how a good advisor navigates them.
Are you an entrepreneur or business owner looking to buy or expand a business? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
Timestamps:
(00:35) Importance of working with commercial mortgage brokers and gathering project details
(02:04) Exploration of capital stack and the use of CPACE financing in California projects
(03:03) Sizing up deals with CP lenders and finding senior lenders familiar with CPACE
(03:35) Navigating complex capital stacks, considering asset class, location, and equity
(04:24) Leveraging as much debt as possible and the role of bankers/brokers in sourcing funds
(05:01) Considerations for different types of projects and the fluidity of the lending market
(05:41) Putting together a comprehensive loan request package
(06:09) Importance of determining CPACE size early in the process for a smoother deal
(07:56) Challenges for sponsors in bridge financing on multifamily projects
(08:37) Choosing a reliable adviser and discussing options with brokers
💥 Thanks for watching 💥
#CommercialLoan #BusinessFinancing #MortgageAdviser #FinanceTips
About Beau: Beau Eckstein is a franchise consultant, commercial mortgage advisor, and business ownership coach who helps entrepreneurs buy, build, and expand their businesses. He assists aspiring entrepreneurs in finding their ideal franchise or business opportunity. Beau's expertise as an investor and business owner allows him to guide clients through the entire process of acquiring, funding, and growing their ventures.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
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