Securing favorable financing is a critical step in multifamily investing, not only for purchase but also for maximum profit. Interest payments chisel away at would-be gains, and loan closing fees add to the bottom line. Fortunately, loans insured by the Federal Housing Administration (FHA) provide a source of low-cost, low-interest, long-term loans for multifamily buyers....Read More
Before the COVID-19 pandemic started, loans were made almost solely related to the quality of the property – its income and location. Today, lenders look at the quality of the experience, net worth in liquidity, and financial strength of the team that’s putting together the syndication. Even banks started raising their debt service coverage ratios....Read More