Old Capital Real Estate Investing Podcast With Michael Becker & Paul Peebles
ASK MIKE MONDAYS - I’ve been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:11:30
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Sinopse
Both Fannie Mae and Freddie Mac need someone or a few folks, within the investment group, to become the fiduciary on behalf of the partnership. They typically want a natural person to sign a “guaranty” between the lender and the partnership for a non-recourse loan. Michael explains some of the benefits and concerns if you sign on behalf of the borrowing partnership.