Due to their relationships with multiple lenders and industry experience, good commercial mortgage brokers can negotiate better rates and terms for borrowers while increasing their chances of closing.
The Top 15 Commercial Real Estate Lenders of 2022
The Top 10 Fannie Mae DUS Lenders of 2021
Fannie Mae originated nearly $70 billion of multifamily loans in 2021, most of them through its delegated underwriting and servicing (DUS) program. Founded in 1988, the Fannie Mae DUS loan program allows specially approved lenders to underwrite, close, and sell multifamily loans to Fannie Mae without prior Fannie Mae review.
Small Apartment Loans for Investors: The Ultimate Guide
The definition of a small balance apartment loan varies from market to market and lender to lender but is typically defined as a loan between $750,000- $1 million to $5-7 million. While these loans may seem large to the smaller investor, many multifamily lenders are institutional in nature and rarely provide loans under $10 million.
The Top 20 Property Management Companies of 2020-2021
Owning and operating a multifamily property can be a challenge, however, if you employ a competent property management firm, you’ve already won half the battle. In this article, we’ll review some of the top 20 multifamily property managers of 2020-2021, including Greystar, BH Companies, Lincoln Property Company, Pinnacle Property management, Bozzuto, Cortland Properties, and more.
What is a Non-Recourse Loan in Multifamily Real Estate?
When it comes to multifamily and commercial real estate loans, there are two main types of financing; recourse and non-recourse. When a borrower gets recourse financing, they are typically personally liable if they default on (or do not pay back) their loan. This means that the bank or lender may be able to seize their personal property to achieve repayment of the debt. In contrast, if a borrower has a non-recourse loan, the bank or lender generally can only take back the property as collateral for the debt instrument.