Our topic: “Small but Mighty: Finding the Best Small-Balance Apartment Loan” was well received by a full house of real estate investors and developers. As sources of capital are becoming harder to find our panel of industry veterans provided input and guidance on why this is the greatest opportunity to acquire multi-family properties in a generation. Our panel focused on discussing the financing options for real estate investors that need up to $5 million to buy, build or renovate rental apartment properties.
We tackled the problems facing the industry head-on and shared ideas on how investors can find the best small loans at the most generous rates and terms. Underwriting criteria for portfolio lenders such as banks, insurance companies and private lenders was contrasted with Agency lenders such as Fannie, Freddie and FHA. Contrary to the myths perpetuated by the mass media there is still abundant capital available to owners, developers and investors focused on multi-family housing. This session hammered home the fact that long term, fixed rate loans with interest rates starting in the 4-5% range can still be achieved.
Senior Vice President, Alliant Capital
Senior Managing Director, Greystone Servicing Corp
Chief Underwriter, Arbor Commercial Mortgage
Associate Director, Marcus & Millichap Capital Corporation
Our presentation notes can be downloaded from the box.net widget on the right hand side of this screen or will be automatically e-mailed to you by sending a note to SmallButMighty5mm@gmail.com