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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingMulti-Family Loan Assumptions
Matthew Barnett's profile image
Matthew Barnett's profile image
Matthew Barnett
  • Investor
  • from Michigan
  • Member since Oct 14, 2020
  • Posts 14
  • Votes 13
  • Experience 7 Yrs
  • Investments 1
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User Stats

14
Posts
13
Votes
Matthew Barnett's profile image
Matthew Barnett's profile image
Matthew Barnett
  • Investor
  • from Michigan
  • Member since Oct 14, 2020
  • Posts 14
  • Votes 13
  • Experience 7 Yrs
  • Investments 1
Connect
Matthew Barnett
  • Investor
  • Michigan
13
Votes |
14
Posts
Multi-Family and Apartment Investing

Multi-Family Loan Assumptions

Matthew Barnett
  • Investor
  • Michigan
Posted Oct 27 2020, 16:35

Hello!

I have a 35 unit deal I am underwriting, but it is a loan assumption. First about the deal, 30 units are apartments there is a separate building attached to the land that is 5 retail spaces. Anyways, I know the loan term, rate and remaining balance. I know to look out for things like a balloon, assumption fee, prepayment penalty, etc.. Are there any other things I need to be aware of when underwriting a loan assumption deal? 

Thank you!

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