The Old Capital team talk about interest rates rising at the end of 2016 and its direct impact on loan proceeds, future of apartment investing throughout Texas and the nation and challenges with underwriting on specific transactions.
Old Capital closed over $420 million in loans in 2016.
DFW will have over 25,000 new unit apartment deliveries for 2017
Still concerns in Houston and west Texas.
Fannie Mae Green Program can reduce your interest rate up to 33 basis points
Challenges with buying apartments in smaller markets with military concentration
Freddie Mac Small Balance loan is now available up to a $6 million loan amount
Cross Collateralization can be a solution in bank financing
Rebuild Ability issues. Can property be rebuilt if more than 50% is destroyed in fire?
Financing Challenges with environmental issues.
Rent growth. Class A rent growth is slowing. Class B & C is much better.
Houston is a preview market with Fannie Mae and impact on financing apartments
Focus on location and quality of the asset when buying.
Old Capital brings “certainty of execution in lending and closing”.
- Old Capital Speaker Series presents Gregg Willett, Chief Economist with Real Page for March 8th Grapevine Convention Center. RSVP at firstname.lastname@example.org
- Old Capital Speaker Series presents Dr. Mark Dotzour, Former Chief Economist from Texas A & M Real Estate Center on April 26- Grapevine Convention Center. RSVP at email@example.com
To receive our FREE 15 page report on the FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please email us at INFO@OldCapitalLending.com
Interested in learning more about how Multifamily Financing and connecting with Michael Becker and Paul Peebles. Contact: MBecker@spiadvisory.com or PPeebles@oldcapitallending.com
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.
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