In this episode, host Lance Edwards delves into the world of small balance loans for multifamily properties with guest expert Jack Pomerantz from Walker Dunlop. Jack explains the benefits and features of these loans, including non-recourse terms, interest-only payments, and loan amounts ranging from $1 million to $7.5 million. He also details the eligibility requirements for properties and borrowers, emphasizing the importance of stabilized occupancy and borrower financials. Additionally, Jack highlights the advantages of partnering with experienced investors and accessing Fannie Mae and Freddie Mac's small balance loan programs. The discussion offers valuable insights for those new to small multifamily investments and looking to scale up.

In this episode, Lance Edwards explores the vital role of private money in real estate success with expert Alan Cowgill. Alan shares his journey from corporate America to private lending, explaining the difference between private and hard money lenders and offering tips for finding private lenders. He also discusses deal structuring and provides a free e-book for new and seasoned investors. Tune in for valuable insights to elevate your real estate investing game.

Listen to this concise excerpt from Lance Edwards' weekly Apartment Wealth Nuggets webinar, conducted LIVE with Q&A. Quick shortcuts to small apartment investing.

Listen to this concise excerpt from Lance Edwards' weekly Apartment Wealth Nuggets webinar, conducted LIVE with Q&A. Quick shortcuts to small apartment investing.

In this episode, Lance Edwards’ guest is Aaron Abelson who delves into various aspects of loan products and financing options, specifically focusing on non-recourse loans. They cover borrower qualifications, perception versus misperception, the loan application process, and the underwriting process with lenders. Additionally, Aaron explores the importance of property management companies and provides valuable tips for investors on preparing for the loan application process and managing their transactions. Lance and Aaron conclude with a discussion on the future of rates and the economy.

Podcast Show Notes:-

1:33 - Types of loan products and range.

4:21 - Bridge financing to get you into the longer-term stable property.

6:55 - Perception and misperception, borrower qualifications about non-recourse loans.

7:21 - Non-recourse loans

11:04 - Non-recourse loans for the novice investor with limited experience and no liquidity.

11:46 - Example of a non-recourse loan.

12:37 - Why do you need a property management company?

14:53 - The non-recourse loan application process, and the mistakes inventors tend to make.

15:58 - Investors are underestimating these expenses.

18:07 - Different types of underwriting and assumptions by lenders.

21:50 - How to contact Aaron Abelson.

23:13 - How much time should investors budget for this process?

28:07 - Bridge loans to acquire and stabilize it with the intent to go long-term loan.

29:14 - The future about rates and what will happen with the economy.

Aaron's contact info

Aaron Abelson Executive Director - PGIM Real Estate

Aaron.Abelson@PGIM.com

312-636-6187

To receive a FREE copy of Lance’s best-selling book, How to Make Big Money in Small Apartments, visit www.FreeApartmentsBook.com