Old Capital Real Estate Investing Podcast With Michael Becker & Paul Peebles

Your lender brings a huge amount of capital to your transaction. They are a critical member of your success team. You need to understand what’s important to the lender and how they will structure your loan. In today’s podcast, we sit down with a few team members of Old Capital and discuss what’s new in the capital markets and what you need to know. Items discussed: 1. Fannie Mae Pricing Waivers- for the last few years, Fannie has been generous in reducing their posted interest rates to good clients. Today, Fannie Mae is not too anxious to offer lower interest rates to new and inexperienced borrowers at the highest loan leverage. 2. Term Sheets vs. Final Loan Commitment- Some lenders are not fully underwriting the loan transaction upfront and issuing false term sheets. They propose loan terms that are not even close to what the final loan commitment will eventually be. Don’t fall for that, always ask for your lenders underwriting analysis upfront and find out how they view the transaction. Fannie’s underwri