Multifamily Loans and Lending with Rob Beardsley
Passive Wealth Strategy Show - Real Estate for Busy Pros
English - November 05, 2019 07:18 - 39 minutes - 42.2 MB - ★★★★★ - 61 ratingsInvesting Business Entrepreneurship cashflow apartmentinvesting realestateinvesting business apartments investing entrepreneur commercialrealestate coach cashflowinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Rob Beardsley from Lone Star Capital joins us to teach us about the detailed reality of loans for commercial real estate. Rob is a multifamily real estate expert, and will give you an insider’s look at the best debt vehicles out there today for multifamily real estate investors.
Debt taken out on cash flowing real estate is what we call “good debt” - not all debt is created equal. Consumer debt costs you money, where debt on cash flowing real estate can drastically amplify your return and allow you to acquire large assets that essentially manage themselves.
This is a nuts-and-bolts conversation. If you’re looking for actionable information, look no further!
Quotes:
“You should go a step further and look at what is the loan to cost. also, what is the loan to value based on pro forma valuation.”
“Everything checks out, and then the lender comes back and says, “Yeah, well, we can't get to that number, it's going to be 9 million” that could change up the deal completely.”
“If we have 200 unit property, we can actually in a day or two, walk every single unit and assess the condition of the critical components and interiors.”
Get in touch:
Email [email protected]
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Guest Bio:
With a background in business and computer science from Carnegie Mellon University, Rob leads the underwriting and structuring function for Lone Star Capital Group. Prior to co-founding Lone Star, Rob had extensive real estate experience through his family's numerous real estate businesses including development, construction, sales, and investment. Additionally, Rob enjoyed a data analytics stint with a global retail company in NYC with annual sales over $50,000,000 where he implemented database and reporting solutions. Rob also actively publishes articles and whitepapers about real estate capital markets, multifamily strategy and deal structuring.