Multifamily Real Estate Investment Loans

[Zaid Bender]

Do you prefer agency loans such as Fannie Mae and Freddy or regular Banks?

[Charles Carillo]

@Zaid Bender

I prefer agency debt vs. financing from commercial banks. Usually better rates and terms. A commercial bank however is most likely to close faster and usually they are not requiring as much in reserves. They are also more likely to lend on properties with less than 90% occupancy. In other words, commercial banks are more flexible.