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Old Capital Podcast:Quarterly Lenders Roundtable 2017
The Old Capital team talk about interest rates rising at the end of 2016 and its direct impact on loan proceeds, future of apartment investing throughout Texas and the nation and challenges with underwriting on specific transactions.
Old Capital closed over $420 million in loans in 2016.
DFW will have over 25,000 new unit apartment deliveries for 2017
Still concerns in Houston and west Texas.
Fannie Mae Green Program can reduce your interest rate up to 33 basis points
Challenges with buying apartments in smaller markets with military concentration
Freddie Mac Small Balance loan is now available up to a $6 million loan amount
Cross Collateralization can be a solution in bank financing
Rebuild Ability issues. Can property be rebuilt if more than 50% is destroyed in fire?
Financing Challenges with environmental issues.
Rent growth. Class A rent growth is slowing. Class B & C is much better.
Houston is a preview market with Fannie Mae and impact on financing apartments
Focus on location and quality of the asset when buying.
Old Capital brings “certainty of execution in lending and closing”.
Old Capital Speaker Series presents Dr. Mark Dotzour, Former Chief Economist from Texas A & M Real Estate Center on April 26- Grapevine Convention Center. RSVP at [email protected]
To hear more on this you must listen to the Old Capital Podcast: Quarterly Lenders Roundtable for First Quarter 2017
To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com
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