Podcasts about bridge loans

What if you were leaving up to 25% of potential deals on the table just because you don't have the right loan products in your arsenal?And what if you could close more deals without chasing rates or competing on price?In this episode of The 360 Experience podcast, Tim Braheem sits down with Scott Rerucha, a seasoned expert who's seen it all in the mortgage space. Scott runs Legacy Group Capital, one of the few platforms offering private lending alongside traditional mortgage options. This is the secret weapon many top originators are using to break through the noise and capture deals others miss.What you'll gain from this episode:1️⃣ Bridge Loans & Flexibility: Learn how to offer bridge loans that others can't, including the ability to cross-collateralize multiple properties to make your clients' dreams a reality.2️⃣ Speed = Sales: Find out how speed and flexibility are your ticket to winning deals in a market where timing is everything. No more waiting around for bank approvals.3️⃣ Differentiate Your Loan Products: How offering niche products like custom construction loans can make you the go-to loan officer for builders, real estate agents, and investors.➡️ Want to get access to products like Scott's? Check out Legacy Group Capital at the link below to learn more. https://legacyg.com/ ➡️ Stop watching others close deals with private lending and creative financing. Join The Loan Atlas today and get the product training that will help you stand out in your market: https://go.theloanatlas.com/membership ABOUT TIM BRAHEEMWith more than 25 years of experience as a highly successful mortgage professional, industry leader, educator, and life coach, Tim Braheem is committed to engaging with people on a deep level and helping them uncover the barriers they have placed in the way of having the level of success they deserve in both their business and personal lives.FOLLOW Instagram ► https://www.instagram.com/tbraheem/LinkedIn ► https://www.linkedin.com/in/timbraheemTHE LOAN ATLASJOIN ► https://go.theloanatlas.com/membership FOLLOWInstagram ► https://www.instagram.com/theloanatlas/YOUTUBE ► https://www.youtube.com/@LoanAtlas----------Mentioned in this episode:Book a Strategy Call with The Loan Atlas! Follow the link below to schedule a demo session with our team! https://go.theloanatlas.com/book-a-demo

In this conversation, we introduce HomeLight's Buy Before You Sell. They offer a modern bridge loan solution for clients, allowing them to unlock up to $2 million of their home's equity with 0% interest.By partnering with HomeLight, mortgage loan officers can help clients eliminate home sale contingencies and reduce their debt-to-income ratios, enabling them to make stronger, non-contingent offers on new homes. This partnership enhances the services loan officers provide, leading to increased client satisfaction and potentially more closed loans.Timestamps:Introducing Buy Before You Sell15:07Understanding the Current Market Challenges18:12How Buy Before You Sell Works20:58Comparing Buy Before You Sell with Competitors23:58The Financial Model Behind the Product20:30Market Challenges and Education22:17Lead Generation Opportunities for Loan Officers33:46Connect With HomelightWHEN YOU'RE READY✅ Get Your Realtor Referral Score

Mark Cassidy is back on the show! This time, we're diving into the world of cigars—what pairs best with them, how they enhance networking, and the excitement around the exclusive VIP Networking Cigar Lounge at the American Lending Conference. It's a laid-back, fun conversation, and we hope you enjoy the episode!

In this episode, Jake and Gino sit down with Jeremy Thomason, Managing Principal of Convolo Capital, to discuss his journey from corporate banking to real estate syndication. Jeremy shares his experiences in passive investing, multifamily deals, asset management, and raising capital.He reveals insider knowledge from his time at CoreLogic, breaks down how institutional investors operate, and explains why Dallas and Atlanta are his top picks for 2025.If you're looking to scale your real estate portfolio, improve your asset management skills, or understand the nuances of multifamily investing, this episode is for you.Topics Covered:How Jeremy transitioned from banking to real estateLessons learned from single-family investingRaising capital as a first-time GPThe power of institutional investors in multifamilyThe risks of floating-rate loans and why fixed debt is kingHow to avoid cash management disasters in multifamilyThe future of real estate investing in 2025Subscribe for more insights on multifamily investing and wealth-building strategies! Chapters:00:00 - Introduction  02:59 - What is a Finance Bro?  07:32 - Transitioning from Passive Investor to Syndicator  11:40 - How Big Data and AI Are Changing Real Estate  19:20 - Understanding Multifamily Debt: Agency vs. Bridge Loans  23:15 - Cash Management vs. Spreadsheet Management  31:03 - Asset Management vs. Property Management  36:37 - Why NOI Growth Matters More Than Cap Rate Compression  40:17 - The State of the Multifamily Market in 2025  45:46 - Top Real Estate Podcasts & Resources  51:04 - Best U.S. Markets for 2025  52:29 - Gino Wraps it Up We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

In this episode of The Lenders Playbook, we're joined by Wesley Carpenter of Stormfield Capital for an insider look at private credit and bridge lending. Wesley shares how Stormfield stands out in the competitive lending space and reveals key strategies that set them apart.You will learn:✅ Stormfield's mission and the problem they're solving✅ How they underwrite and close deals fast✅ Why being a balance sheet lender gives them an edge✅ The appeal of private credit for investors✅ How securitization and loan servicing drive success✅ The current market's impact on bridge lending✅ Traits of top professionals in real estate finance✅ Must-read publications for business growthIf you're looking to level up your understanding of private lending, this episode is packed with valuable takeaways.

This Day in Legal History: First Formal Anti-slavery Resolution in American HistoryOn February 18, 1688, a group of Quakers in Germantown, Pennsylvania, drafted the first formal anti-slavery resolution in American history. Addressed to their local monthly meeting, the document condemned the practice of slavery and argued that it was incompatible with Christian teachings. The authors—Garret Henderich, Derick op de Graeff, Francis Daniel Pastorius, and Abram op de Graeff—compared enslaving Africans to the feared practice of Christian captives being taken by Turkish pirates. They pointed out the hypocrisy of Quakers, who sought religious freedom for themselves while denying liberty to others. The resolution questioned whether Christians had the moral right to enslave others based on race and emphasized the Golden Rule: treating others as one would want to be treated. It also warned of the possibility that enslaved people might eventually resist their oppression, raising the moral dilemma of whether their masters would then take up arms against them. The document urged Quakers to reconsider their complicity in slavery and to recognize the dignity and humanity of all people. Though the resolution was not immediately adopted by the broader Quaker community, it laid the groundwork for the abolitionist movement within the Society of Friends. Over time, Quakers became some of the most outspoken opponents of slavery in America. The Germantown protest stands as an early and courageous call for justice, foreshadowing the larger struggle for human rights that would unfold in the centuries to come.The Trump administration has asked the U.S. Supreme Court to lift a judge's order blocking the removal of Hampton Dellinger, head of the Office of Special Counsel, as litigation over his firing continues. Dellinger, appointed by former President Biden, was informed of his dismissal on February 7, but he sued, arguing that Trump lacked the authority to remove him without cause. Federal law allows the Special Counsel to be dismissed only for inefficiency, neglect of duty, or malfeasance.On February 12, U.S. District Judge Amy Berman Jackson issued a temporary restraining order reinstating Dellinger, stating that his firing violated legal job protections. The Justice Department, calling the ruling an attack on presidential authority, argues that courts should not dictate whom the president retains in his administration. The D.C. Circuit Court of Appeals rejected the administration's appeal, deeming it premature.This case may set an important precedent for Trump's broader efforts to reshape the federal government by removing independent agency heads. It follows a pattern of dismissals, including Trump's recent firing of 17 inspectors general without explanation. The Special Counsel's Office plays a crucial role in protecting whistleblowers and enforcing restrictions on political activity among federal employees.Trump administration turns to US Supreme Court in bid to fire agency head | ReutersPresident Donald Trump announced he will nominate Edward Martin for a full term as U.S. Attorney for the District of Columbia. Martin, currently serving in an interim capacity, has drawn controversy for his past legal work. He previously represented individuals charged in the January 6, 2021, Capitol riot and recently sought to drop charges against a defendant he once defended.Martin was also present outside the Capitol during the attack and has criticized the Justice Department's handling of the prosecutions. His nomination requires Senate approval, and ethical concerns have been raised about his involvement in cases related to former clients. Justice Department rules typically require attorneys to recuse themselves from such cases for at least a year.Trump, on his first day back in office, granted clemency to nearly all of the 1,600 people charged in connection with the riot. Martin's nomination is expected to face scrutiny due to his past legal advocacy for those involved in efforts to overturn the 2020 election.Trump to nominate top prosecutor Martin for permanent term as US attorney for DC | ReutersA former business development manager is suing Reed Smith LLP for at least $50,000 in unpaid overtime, claiming the firm misclassified her as a manager to avoid paying her for excessive work hours. Phoebe Medeiros filed the lawsuit in California state court, alleging she regularly worked 90-hour weeks, sometimes in shifts as long as 36 hours, despite official timesheets reflecting a standard 40-hour workweek.Medeiros, who transferred to Reed Smith's Southern California office in 2022, says she primarily worked under the direct instructions of partner Mark Pedretti, preparing business pitch materials and relaying information, rather than functioning as a true manager. Pedretti, who is not named as a defendant, has not commented on the lawsuit.Reed Smith has not responded to requests for comment, and neither Medeiros nor her attorneys from The Rutten Law Firm have provided statements. Medeiros has since left the firm and now works at Freshfields. The case, Medeiros v. Reed Smith, LLP, is being heard in California Superior Court for Los Angeles County.Reed Smith Sued by Business Development Manager for Overtime PayAnd in my column for Bloomberg Tax this week, I pitch the idea of tax-abatement bridge loans for office conversions. Post-pandemic, cities like New York, San Francisco, and Washington are struggling to revitalize commercial districts, with tax abatements for office-to-residential conversions proving ineffective because they only apply after project completion. Instead of making developers wait years to benefit, states should allow them to borrow against future tax savings through upfront, low-interest bridge loans—essentially restructuring the incentive rather than creating a new subsidy.  With record-high office vacancies and persistent housing shortages, conversions make obvious policy sense. However, they remain slow due to high costs and the difficulty of securing favorable loans in the current interest rate environment. Existing tax incentives only kick in post-construction, forcing developers to front conversion costs while facing uncertainty about future property tax rates. A bridge loan program secured by future abatements would mitigate this risk by locking in tax savings at financing, providing developers with stable, immediate capital.  The model would work through a public-private partnership: states would calculate future tax savings, commercial banks would underwrite low-interest loans secured by those abatements, and developers would repay the loans using the redirected tax breaks. Because funds would be deployed in phases based on project milestones, states wouldn't be on the hook for speculative projects that never materialize. Unlike grants or new subsidies, this wouldn't cost taxpayers beyond existing abatements, which are currently underutilized due to their delayed structure.  This approach should appeal across the political spectrum—expanding housing supply without direct handouts to developers satisfies progressive concerns, while a self-financing mechanism aligns with fiscal conservatism. Similar models have worked elsewhere, such as Wisconsin's senior housing loan program and widely used tax increment financing districts. Given the scale of the housing crisis, cities can't afford to wait—tax-backed bridge loans offer a practical fix to a well-documented problem. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this episode, Jake emphasizes the importance of having a team for unbiased insights, building cushion into deals, and learning from both your mistakes and others. He shares an in-depth look at his process for underwriting hotel deals, including revenue assumptions, expense analysis, financing structures, and the role of pro forma models. Jake also touches on the significance of community and networking in the hospitality industry, leveraging past partners and peers for feedback and collaboration. From discussing a potential but ultimately avoided deal in New England to highlighting the benefits of working with branding agencies and interior designers, this episode is a masterclass!Connect & Invest with Jake:Follow Jake on X: https://x.com/JWurzak1 on 1 coaching with Jake: https://www.jakewurzak.com/coachingLearn How to Invest with DoveHill: https://bit.ly/3yg8PwoTopics:(00:00:00) - Intro (00:00:56) - The Value of a Hospitality Network (00:02:40) - Savannah Hotel Deal and Due Diligence (00:03:55) - Navigating Investment Strategies and Honest Feedback (00:06:23) - Underwriting Deals: A Case Study (00:08:53) - Seasonal Hotel Operations and Business Plan (00:15:03) - Evaluating Hotel Deals and Financial Metrics (00:25:28) - Short-Term Rental Opportunities (00:26:06) - Financing and Bridge Loans (00:27:52) - Pro Forma Metrics and Cash Flow (00:30:30) - Internal Memos and Investment Committee (00:32:34) - Lease to Buy Options and Master Leases (00:37:38) - Pro Forma Creation and Sensitivity Analysis (00:40:13) - Investor Returns and Deal Structures (00:45:38) - Design and Renovation Budgeting (00:50:26) - Final Thoughts and Q&A

In this first episode of 2025, Randy and Chris kick off the year with banter, bold predictions, and mortgage insights. They cover everything from Mike Vrabel's return to the Patriots, to current mortgage trends, interest rates, and credit tips for buyers and agents. Dive into unique loan programs like Maine State Housing, bridge loans, and more, all with a conversational vibe that's as informative as it is entertaining. Stick around for updates on upcoming events and Randy's beard rating. Your go-to mortgage podcast is back for another great year! 00:00 Introduction and Casual Banter 01:07 Exciting News for Patriots Fans 02:57 Current Mortgage Interest Rates 06:22 Main State Housing Loan Program 11:26 Property Condition Concerns 15:37 Credit Tips for 2025 24:44 Bridge Loans Explained 27:14 Upcoming CE Class Announcement Randy Forcier Loan Officer I NMLS 322749 CMG Home Loans 9 Beach St, 2nd Floor Saco, ME 04072 207-590-0337 l rforcier@cmghomeloans.com Chris Bedard Loan Officer l NMLS 323290 CMG Home Loans 9 Beach St, 2nd Floor Saco, ME 04072 207-229-4731 l cbedard@cmghomeloans.com THE MORTGAGE SHOW

Are you looking to buy a new home but worried about selling your current one first? Discover how the Knock HomeSwap - Knock Bridge Loan Program can streamline your home buying process. This innovative program allows homeowners to purchase their next home before selling their existing property, reducing stress and uncertainty. Join me as we dive into how Knock HomeSwap works and how it could be the solution you need.The Knock HomeSwap program is designed to alleviate the challenges typically associated with timing the sale of your old home and the purchase of your new one. This video will help you understand if this innovative financing solution fits your needs and how it can transform your home buying and selling experience. #KnockHomeSwap #BridgeLoans #HomeBuyingTips #RealEstateTips #PropertyTransition #HomeSelling #HomeBuyersGuide

#51: In this episode, we dive deep into the world of real estate funds with a special guest from Verivest, Matt Burk. Discover what sets Verivest apart and how they support real estate managers and investors. We explore the critical differences between Reg A, and Reg D, offerings, breaking down what each means for fundraisers. Learn the true cost of setting up and running a real estate fund and gain expert advice on raising capital successfully. Matt  shares invaluable insights into the mindset and habits that drive success in fund management. We discuss the key challenges real estate managers face, the role of technology in shaping the future of fund administration, and what makes a fund thrive in today's market. Plus, get personal with stories of resilience, early business struggles, and the books and podcasts that have left a lasting impact.Whether you're a seasoned investor or starting your first fund, this episode offers strategies and inspiration to guide you on your journey. Tune in to connect with the experts and take your real estate game to the next level.

The Florida Small Business Emergency Bridge Loan Program is a state-funded short-term loan program that provides immediate, temporary assistance to small businesses impacted by a disaster, such as hurricanes, floods, or other emergencies. Administered by the Florida Department of Economic Opportunity (DEO), the program is designed to "bridge the gap" by offering quick financial relief to small businesses until longer-term resources, such as insurance claims or federal disaster assistance, are available.Key FeaturesLoan Amount: Loans typically range from $1,000 to $50,000, although this can vary depending on the specific disaster and available funding.Interest Rate: These loans are interest-free for a specified term, usually for up to one year. After this period, if the loan is not repaid, a fixed interest rate might apply.Repayment Terms: This is a short-term loan, usually requiring repayment within 12 months. It's not intended as a long-term solution but rather as a bridge to keep businesses operational while they secure additional funds.Eligibility Requirements:Business must be physically located in Florida.Must have been operational at the time of the disaster.Typically, there are size limitations (e.g., fewer than 100 employees).Must show evidence of economic injury from the specific disaster.Application Process:Applications are submitted through the DEO.In some cases, additional documentation (e.g., tax returns, financial statements) may be required.Approval Timeline: Designed for rapid deployment, with approvals and disbursements generally processed as quickly as possible to support immediate needs.How to ApplyEligible small businesses can apply online through the DEO's website during an active application period, which usually opens after a disaster declaration. It's a first-come, first-served program, meaning that funding could be exhausted, so early application is encouraged.For more detailed information, including current application deadlines, visit the Florida Department of Economic Opportunity's website or contact them directly.Call 1-833-832-4494 EmergencyBridgeLoan@Commerce.fl.govhttp://www.floridajobs.org/EBLTune in and learn https://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show

In this episode, Ryan and Neal explores a fascinating case: a unique relocation bridge loan for a mini home lakefront property. This episode is packed with insights into the flexibility and creativity private lenders can offer—discussing everything from structuring deals with layered security to assessing borrower stories beyond the traditional credit score. Learn how private lending can offer tailored solutions for borrowers in unique situations and why this approach is gaining popularity in niche markets!Show notes:0:50 - Introduction1:55 - Deal Example: Financing a Mini Home on lakefront property 2:52 – Why lenders hesitate on mini homes6:15 – Property and borrower overview8:57 – Addressing borrower needs that traditional lenders cannot meet10:52 – Flexibility of private lenders in unique scenarios13:14 – OutroResources:Mortgage AutomatorKeystone Capital GroupFind Neal On: Instagram - @RemaxnealLinkedInFind Ryan On: LinkedInE-mail - ryan@keycap.ca 

Today, we're excited to welcome Janine Cascio, CEO of Simplending Financial. This episode is a must-listen, as Janine has taken Simplending from a startup only a couple years ago to impressive success in a short time span. She's shares some actionable insights and real-world strategies from her hands-on journey. Together, we dive into topics like business growth, fitness, her yoga lifestyle, marketing, and more. Let's bring on Janine Cascio!

If you're an avid listener, you might know I'm always interested in learning about ways we might improve financial markets for climate ventures. Improving the flow of capital can, of course, be incredibly impactful in helping more climate solutions scale successfully. So I was really excited when I learned about Open Road and the important role they're playing by offering bridge loans to promising companies. Ok, maybe bridge loans don't sound that sexy to you? Think of it this way: if you're an entrepreneur, what could be worse than running out of money? How about running out of money when you already have significant funding lined up just not yet in-hand. The sad truth is that this happens all the time – companies go under because they simply can't keep paying salaries or buying supplies while they wait for financing to arrive. That's the financing gap that Open Road has been addressing for over 10 years. In this conversation with Open Road CEO Caroline Bressan we talked about her background in impact investing, Open Road's history, how their loans have unlocked 10 times the amount of capital, their climate portfolio, and more. In today's episode, we cover:[03:08] Caroline's background & role before Open Road[04:09] Learning from Calvert that shaped Caroline[05:13] Open Road, how did it start & the problem it's aiming to address[06:46] Financing gaps related to climate: The valley of death & the missing middle[08:37] Investment reach & focus in Sub-Saharan Africa[10:31] Finding & selecting portfolio companies[12:21] The type of impact Open Road has had[13:24] The need there for bridge funding beyond what is provided[15:23] Open Road's repayment rate[17:39] How much of lending has gone to energy, ag & other climate-related companies[21:01] Types of businesses Open Road has supported[26:30] What's next for Open RoadResources MentionedOpen RoadConnect with Caroline BressanConnect with Caroline on LinkedInConnect with Jason RissmanOn LinkedInOn TwitterKeep up with Invested In ClimateSign up for our NewsletterLinkedInInstagramTwitterHave feedback or ideas for future episodes, events, or partnerships?Get in touch!

We'd love to hear from you. What are your thoughts and questions?In this episode of Real Estate Investing Abundance, host Dr. Allen Lomax welcomes back Neal Bawa, a renowned expert in multifamily real estate. They discuss the current state of the real estate market, focusing on inflation trends, interest rate predictions, and the implications for multifamily investments. Neil shares insights on the Federal Reserve's approach to managing inflation and interest rates, the future of bridge loans, and the dynamics of cap rates. The conversation also touches on global economic challenges and potential inflation risks stemming from geopolitical tensions.Main Points:Neal Bawa emphasizes the importance of data in real estate investing.The multifamily market has seen a significant decline in prices.The Federal Reserve is shifting its stance on interest rates.Expect two quarter point interest rate cuts this year.Bridge loans may become more favorable for investors next year.Cap rates are projected to peak in Q1 of next year.The lowest property prices are expected in the coming months.Geopolitical conflicts pose significant risks to the economy.Inflation could rise due to oil price fluctuations.The current world order is undergoing significant changes.Connect With Neal Bawa: https://www.linkedin.com/in/neal-bawa/http://www.grocapitus.com

Kevin Bupp is a lifelong entrepreneur whose journey began at 12 with a paper route and soon evolved into buying and selling automobile electronics at 14. By 20, he entered real estate investing, and over the past two decades, he has completed over $250 million in real estate transactions. In addition to real estate, Kevin has owned various businesses, including an events company, a custom sports apparel brand, a mortgage company, and a property management firm. A passionate marathon runner, triathlete, and craft beer enthusiast, Kevin also shares his insights through two top-rated podcasts, aiming to inspire and mentor young entrepreneurs.   Here's some of the topics we covered:   Being a Bartender & Discovering Real Estate Ninja Trick To Get Better Deals From Sellers Finding Deals Through A Real Estate Broker Finding A Deal With Little Or No Information & Getting Excited Getting a Bridge Loan and What That Means Having A Backup Plan If Your Property Is Private Utilities Doing Proper Due Diligence So You Don't Lose Money The Power Of Giving Back To The Community   To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    For more about Rod and his real estate investing journey go to www.rodkhleif.com  

On this episode of The Science of Flipping, I sit dow with Michael Iuculano, a seasoned hard money lender with over two decades of experience, shares his expert insights on the evolving lending landscape, particularly in the wake of the COVID-19 pandemic. He explains how the lending environment has tightened, with stricter underwriting standards and increased scrutiny on borrowers' ability to pay and the quality of their investments. Michael highlights the importance of speed in real estate deals, especially when utilizing hard money and bridge loans, and offers advice on how investors can best position themselves to secure financing in a more cautious market.Beyond lending, the conversation delves into Michael's personal transformation from a hands-on hustler to a CEO mindset, focusing on empowering his team and building systems that allow for scalability and time freedom. Michael's overarching message is that regardless of market conditions, those who are adaptable, focus on quality deals, and build strong networks will always find opportunities to thrive. —Connect with Michael!Instagram - @hardmoneymichaelFacebook - https://www.facebook.com/michael.iuculano.3LinkedIn - https://www.linkedin.com/in/michael-iuculano/Website - https://michaeliuculano.com/ — The #1 training and coaching system to launch, grow, and scale your investing business! 

Join us in this insightful podcast, where Alex Mohr, a seasoned expert, delves into the essential strategies for real estate agents and brokers. From securing pre-approvals to effectively collaborating with mortgage brokers, Alex covers it all. Learn how to navigate the complexities of the market, leverage economic indicators, and optimize your client interactions for maximum success. Perfect for agents looking to elevate their game. Timestamps 00:48 - Alex's Unique Background 02:45 - Common Mistakes Agents Make 04:14 - Understanding the Market Beyond Headlines 05:18 - Predicting Interest Rates: What Agents Should Know 10:49 - Sentiment in Real Estate Markets 12:18 - Generating Leads from Mortgage Brokers 14:39 - Communication and Relationship Building 22:06 - Handling Pre-Construction Clients 27:13 - Mortgages for Medical Students 28:43 - Bridge Loans and Buying/Selling Coordination 34:34 - High-Performing Agents: Tips and Tricks 38:12 - How to Reach Alex Moore https://www.linkedin.com/in/alexandermohr93/ alex@birchmountaingroup.com Agent 15-Day Free Challenge: https://courses.revrealestateschool.com/ Social Media: YouTube: https://www.youtube.com/c/RevRealEstateSchool TikTok: https://www.tiktok.com/@revrealestateschool Instagram: https://www.instagram.com/revrealestateschool/ Rev Real Estate School is here to teach real estate agents how to become successful in their careers and scale anywhere from 0-100 transactions while working 5 days per week by working your SOI and no cold calling, FSBOs, expireds, or online leads. The real estate agent tips and tricks will benefit beginner agents and growing REALTORs® with marketing ideas, database marketing, SOI growth, social media, scripts, dialogues, habits, mindset, networking, and negotiation.

Sharon Riddle, partner at Excalibur Investments of Texas, transitioned from single-family rentals to multifamily properties. She emphasizes conservative underwriting, broker relationships, and personal communication. Her key advice: stand out by solving brokers' problems and always communicate directly. Sharon Riddle | Real Estate Background Excalibre Investments of Texas, LLC. Based in: Denton, Texas Portfolio: 3507 units Say hi to her at: www.excalibretexas.com LinkedIn Best Ever Book: Second Chance by Robert Kiyosaki Sponsors: Apartments.com Ascent Equity Group

To stay competitive in this market, lenders need to find efficiencies and understand their operations in a much deeper way. Richey May's consulting, cybersecurity, business intelligence, and automation services are designed by mortgage experts to help you continue to drive growth and increase profitability. Visit https://richeymay.com to learn more about how you can protect your business or set up a meeting with one of Richey May's experts.

This awesome podcast starts with a conversation about ADU'S & "Tiny Houses". Incredible opportunities for buyers, sellers & renters!  First guest is Larry Reyes of Smart Home Mortgage, rates are study & Bridge Loans are a wonderful opportunity for buyers, Lyle Elliot Branch Manager at Berkshire Hathaway gives his thoughts on the market and a lot of great advice.  Tamara Molina tells you how Choice Home Warranties will help you as a seller during the process of selling your home.  Finally we hear from Habitat For Humanity with Katie Norris, they offer a hand-up for potential home owners who would like to put a little "sweat equity" into their future homes.  What a story from Habitat For Humanity!   

Creative Loan Options can make it affordable for the Homebuyer to purchase a home during this time when home values are a lot higher than they were a few years back.  Knowledge is power and potentially saves you money by making smart informed decisions. Note: Buyer representation is evolving nationwide. New Law requirements are in place in some States, and soon to come in the State of Oregon. Nick Carter, Regional Vice President | Team Carter | NMLS-200547 | Directors Mortgage Work 541-357-4823 Ext. 2801 Cell: 541-520-2968 ncarter@directorsmortgage.net  Directorsmortgage.com/Nick-Carter Apply Now link: https://www.directorsmortgage.com/loan-officer/nick-carter/ Interest rates quoted at the time this episode was released may have changed. Please contact Nick for current rates. All statements and/or opinions, other than content provided by Directors Mortgage, are solely the opinions and responsibility of the person or entity providing those materials.  These materials do not necessarily reflect the opinion of Directors Mortgage and we accept no responsibility for ensuring their accuracy.   More episodes with Nick:  Episode 64  - Jumbo Loans. An Easy Way To Buy Your Luxury Home Nick shares a convenient way for you to secure the money you need to purchase your luxury home, what a Jumbo Loan is, and how easy it is to qualify. Ep 63 - 100% Home Financing For Medical Professionals  Interest rates quoted when these episodes were released may have changed. Please contact Nick for current rates. Key Takeaways Current rate as of today, May 3rd, 2024 What is projected rates in the near future? Very Important to get Pre-Approved before submitting an offer. Creative financing 1. ODVA for qualified Homebuyers  2. Mortgage utilizing a Bridge Loan to stay ahead of the competition 3. Buying down points to save on monthly mortgage 4. Buyer Representation Commission – Can it be wrapped into a loan? 5. Jumbo loans Play with this! Knowledge is power and potentially saves you money by making smart informed decisions.  Explore Homes for your next move with this complimentary Market Explorer today!  Completely free of charge with no obligation! A wealth of information Thank you to DJ Olojo for his contribution to keep this show going – please Follow this show on your favorite Podcast App! Support us by sharing this Podcast with people you know ~ We appreciate and value your comments to bring you information that resonates with you... and keep this Podcast alive! Track your home's value and discover ways to leverage your equity.  Check out your complimentary Home Digest   My clients love it!  Check out your complimentary Market Explorer – Watch neighborhoods you are interested in potentially investing in property.  Completely free of charge with no obligation! Don't miss out on other helpful tips for homeownership. Visit the Category that resonates with your life today Home Improvement  Maximize investment, Smart maintenance to-do's Buying To Invest  What to look for, Property Search, Get Pre-Approved! Selling Property  Home or Land, Senior adults downsizing, Value Report Homeowners Best Moves  Bonus episodes about Financial Planning, Market Updates, Trailers about the show and interviews with Real Estate Brokers. FOLLOW anywhere you find your favorite Podcast - Search for Homeowners Best Real Estate Moves The show will stay in your Show Library for easy access while traveling  Listen to Audio Player on your computer: click here Facebook Page Homeowners Best Real Estate Moves Listen on your computer Podcast.JudyCasad.com Send me your feedback, questions and topic suggestions. Who knows? You just might be a guest on our next show! Your Go-To Podcast!  Created for Property Owners - to maximize your investment - even if you do not plan to sell.  Selling your home tips.  Buyers learn many aspects of home ownership and the buying process.  Senior adults learn about downsizing and financial support.  Guests offer sound advice, tips and experience.  Your Host, Judy Casad Real Estate   |  ABR, SRES, Top Producer, Certified Negotiator, Member of Multi-Million Dollar Club of Lane County, Affiliated with Windermere Real Estate, Lane County, Licensed to help you Buy or Sell in the State of Oregon.  Call Judy to start planning your next move!   541-968-2400   judy@windermere.com - www.judycasad.com WELCOME BUYERS  - Anywhere in the United States! Leverage the Market Explorer to think like an investor and use the Buyer's Report to track your market of interest.   I'm super excited to send you a brand new investor-grade experience on when and where - you should think about buying your next property with Homebot.  What you are going to find is a comprehensive look - zipcode by zipcode – neighborhood by neighborhood - of where the sellers markets are vs buyers markets.  Compare areas by square footage and where you can find the most affordable property to buy.  Dive deeper into your area of interest to learn more about the buying timeline.    Homebot helps you think like an investor.  Keep your eyes peeled for your monthly buyers report so you can stay up-to-date on your favorite markets. This tool has a wealth of information to ensure you make the best buying decision, and I'm here to support you. If you have any questions, give me a call, text or send me a message through your report!  Completely free of charge with no obligation!   We do not receive any compensation for mentioning or endorsing product or services discussed in the episode. My Brokerage compensation comes to me upon the closing of a sale. By using the Promo Code OWNHOME to start your own show, I do receive a small kick-back and you receive up to 2 months free service with Libsyn. I value your support and your feedback to keep this show continuing to bring You, a wealth of information! If you are have been thinking about creating your own Podcast show, you can support us by using our unique promo code OWNHOME to get up to 2 months of free podcasting service with Libsyn!  Get your show on Apple Podcasts and Spotify -anywhere you want- get critical stats to help you grow, find all the tools and support you need to sound your very best - you can even do video!  Really bring your podcast to life with Libsyn. 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In this episode, we'll kick things off with a roundup of recent events, including announcements about an upcoming 506C deal in Dallas and our can't-miss LSC summit event on September 15th and 16th. From there, we'll take a trip down memory lane as we recap the whirlwind of conferences and networking events that defined Q1, sharing key takeaways from industry gatherings like NMHC in San Diego and the Best Ever Conference.We'll also explore the broader market landscape, discussing Treasury rate volatility, potential rate cuts, and their implications for deal underwriting. Plus, we'll dive into the concept of rate parity and its impact on floating rate loans.Tune in now to get the inside scoop on Lone Star Capital's latest deal activity, from successfully closing the Aspire Apartments deal to exploring innovative deal structures and more!Learn more at www.lscre.com To apply to attend LSC Summit 2024: www.lscsummit.comFollow Rob Beardsley:YouTubeFacebookLinkedInRead Rob's articles:https://www.lscre.com/blog

Friday - Clark Stinks day! Christa shares Clark Stinks posts with Clark. Submit yours at Clark.com/ClarkStinks. Also today, If you love cruising, good news. An old way to get really cheap cruise prices at the last minute is making a comeback.  Clark Stinks: Segments 1 & 2 Cruise Deals: Segment 3 Ask Clark: Segment 4 Mentioned on the show: The Best Place To Buy a Mattress The Platinum Card® from American Express Review: Is It Worth It? Target Is Rebranding Its Credit Card Program: What You Should Know NYTimes: Standby Cruising: A New Option for Bargain Seekers Kyte Review: Why a Travel Expert Is Impressed by This New Car Rental Service Turo: 5 Things To Know About the Cheap Car Rental Service What Is a Bridge Loan and How Does It Work, With Example New to volunteering? A How-To-Guide to find the right fit Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's Founders Insights, I discuss the tricky financing landscape, focusing on the challenges of fixed and floating rate loans, debt service coverage ratios (DSCR), and bridge loans. Here are the key points:Loans are impacted by volatile Treasury rates, making it difficult for buyers and sellers to agree on pricing.Floating rate loans are sized based on SOFR, often resulting in lower leverage.DSCR is a crucial metric for lenders, determining the loan amount based on the property's ability to service the debt.Bridge loans offer more flexibility but come at a higher cost, often requiring a compelling business plan to justify the expense.Navigating this puzzle requires a thoughtful, deal-by-deal approach to create value for investors. Stay tuned for more insights on this evolving financing landscape.To learn more about investing with Lone Star Capital, please visit our website.Learn more at www.lscre.com To apply to attend LSC Summit 2024: www.lscsummit.comFollow Rob Beardsley:YouTubeFacebookLinkedInRead Rob's articles:https://www.lscre.com/blog

Play with us on Table 1! $50/$100 NL: https://www.Table1.Vegas Episode 23 - Shawn Madden This week Art (www.x.com/artparmann) and Justin (www.x.com/justinyoung07) sit down with a staple in the Table 1 poker game. He's a world champion auctioneer. Cow Flipping entrepreneur (and an actor???). Meet all around interesting man: Shawn Madden. We hear some awesome stories about getting lucky. Why cowboys love poker. And why his ex-wife leaving him resulted in one of the best real estate deals of his life. Sit down and enjoy this episode with our good friend Shawn. Show Notes 00:00 Who is Shawn Madden? 05:23 Budweiser Commercial 10:23 Auction Business 16:53 Getting into Poker 33:43 The Bridge Loan and Scammer Stories 46:52 Land Deals and Future Shawn Table 1 Links:

3/12 - Weekly Real Estate show - what's a bridge loan?

Bridge loan to acquire, renovate, and stabilize a multifamily investment property. When the rents are under the market and the units are outdated. This program allows you to acquire a property below market value and make cosmetic upgrades to increase rents.how about capitalizing the fit-up of retail/office investment property? We also have flip-fix loans for residential.6 to 24 months loan amounts from $250k to 20 MillionInterest only1 to 3-week closing timestune in and learn more at https://www.ddamortgage.com/blogDidier Malagies nmls212566DDa Mortgage nmls324329 Support the show

Think you know every trick in the real estate book? Think again. There are Special Loan Products that might just be a chapter that you have been missing. Join us as we explore innovative financing options that can open doors to new opportunities and solutions for your clients.In our latest adventure on the Texas Real Estate & Finance Podcast, we had the pleasure of sitting down with the wizard of mortgage creativity himself, Morgan Smith. Morgan dove deep into the world of portfolio loans, transition (aka bridge) loans, and the ins and outs of the private lending market. With a knack for breaking down complex topics, Morgan illuminated the paths less traveled in real estate financing, showing us how portfolio loans aren't just financial tools but gateways to innovative investment strategies.He painted a picture of the private lending landscape, emphasizing the art of crafting win-win scenarios through strategic partnerships between borrowers and lenders. Transition loans, as Morgan elegantly put it, are the Swiss Army knives of real estate—simple, adaptable, and ready for just about any transactional challenge you throw their way.Moreover, Morgan shared his seasoned insights on fix and flips, the perks of private lending, and how economic currents are shaping today's housing market. This episode isn't just a treasure trove for the seasoned real estate investor; it's a beacon for anyone keen on exploring the dynamic world of flexible loan options. Dive in to arm yourself with knowledge and strategies that could very well redefine your approach to real estate finance.In this episode, you will be able to:Explore the flexibility of portfolio loans to maximize your real estate investment potential.Gain insight into the valuable borrower-lender relationships in private lending for portfolio loans.Learn how portfolio loans can effectively mitigate asset value risks in the real estate industry.Discover how transition bridge loans can help navigate housing market challenges with flexibility.Uncover the transparency and benefits of private lending for fix and flips with portfolio loans.The key moments in this episode are:00:00:13 - Introduction to Special Loan Products 00:01:15 - The Game-Changing Potential of Portfolio Loans 00:03:29 - Understanding Portfolio Lending 00:09:50 - Signature Transition Loan: A Unique Solution 00:12:42 - Requirements for Transition Loan 00:13:11 - Overcoming Condo Loan Challenges 00:13:57 - Transition Loan vs. Bridge Loan 00:15:10 - Understanding the Loan Calculation 00:16:00 - Benefits of the Transition Loan 00:18:26 - Addressing Income and Equity Challenges 00:25:40 - Bridge Loans and Transparency 00:26:30 - Challenges of Traditional Financing 00:27:40 - Business Purpose Loans 00:28:44 - Fix and Flip Real Estate 00:36:33 - Profit Margins in Real Estate Projects 00:38:35 - Housing Market Trends 00:40:18 - Impact of Demographics on Housing Market 00:43:48 - Types of Loans Offered 00:47:41 - Loan Approval Criteria 00:49:41 - Future of Real Estate Market 00:52:58 - The Challenge of Buying a House in Today's Market 00:54:11 - Economic Impact on Homeownership 00:55:24 - Unpredictability of the Housing Market 01:00:42 - Changing Dynamics of Home Prices and Interest Rates 01:03:16 - Leveraging Partnerships for Survival Explore the Flexibility of Portfolio LoansPortfolio loans are a versatile tool offered by private lenders in the real estate industry. They provide flexible and creative alternatives to traditional mortgage products. With portfolio loans, lenders use their capital to fund projects, houses, or buildings, offering solutions tailored to the borrower's unique needs.Mitigate Asset...

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These bridge loans are quirky…because all loan documents initially agreed upon (between lender attorney and borrower attorney) are like snowflakes. Every set of loan documents are different…they are not promulgated forms like Fannie loan documents. Some language added…some language subtracted. What does that mean when you are negotiating an extension? Listen to attorney Shameer Soni on what he suggests when speaking with your Bridge lender. Shameer Soni & Chris Barsness: The Patel Law Group http://www.patellegal.com Are you interested in learning more about how Multifamily Syndications work? Please visit http://www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion…. Please leave us a 5-STAR RATING on iTunes.

New Program allowing kids to buy homes for their parents!? Highest Credit Scores we have ever seen….but there's bad newsNew Options for Bridge Loans and Re-Casting of your mortgage to reduce paymentsAddison NettMortgage Loan OriginatorNMLS 1542184New American FundingWebsite/Contacthttps://www.newamericanfunding.com/mortgage-loans/addisonnettCasey CarpenterMortgage Loan OriginatorNMLS 1548123New American FundingWebsite/Contacthttps://www.newamericanfunding.com/mortgage-loans/caseycarpenterNew American Funding NMLS #6606© 2024 New American Funding, LLC. All Rights ReservedNMLS Website:https://www.nmlsconsumeraccess.org/

A bridge loan is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one. Most investors will use this loan in order to purchase fixer upper properties that a normal loan would not underwrite. This loan provides alot of value if done correctly with the right strategy.

Jason and Neil Bawa discuss the state of the multifamily real estate market. Prices in the sector reached unsustainable levels, resulting in a 25% decline since the peak in early 2022. Neil outlines two scenarios for the future: one where the Federal Reserve cuts rates, leading to stabilization through rate caps and refinancing, and another where rates remain high, causing distress. In either scenario, the market is expected to recover by the first quarter of 2025, with investors and banks facing losses totaling around $50 billion in a trillion-dollar market.  #RealEstate #Multifamily #MarketAnalysis #MarketTrends   Key Takeaways: 1:22 The issues when investing in 17 metropolitan areas 4:13 Multifamily and the worse segment of commercial investing right now 8:49 "Survive till 25" and Bridge Loans and the "Jesus can't save you" category 16:21 Average price and unit count of multifamily properties and entry level housing 23:46 Bank collapse and the fear porn chart 30:58 Life insurance and pension plans     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Join us for a special on-site episode in Perry, Florida, where host Tom Kindred and Greg Britton, the State Director for the Florida SBDC Network, discuss the vital role of the Mini MAC and Big MAC in supporting small businesses during disaster recovery, specifically in the aftermath of Hurricane Idalia. Greg Britton, with a background in manufacturing, shares his journey to the SBDC and his deep passion for helping small businesses. He emphasizes the importance of being out in the field, witnessing success stories, and the remarkable work done by SBDC consultants and staff. In this episode, we witness an extraordinary response to small business needs. Greg paints a vivid picture of the collaborative efforts at the recovery site. The Florida Department of Commerce, Florida Department of Motor Vehicle, and SBA Representatives are on hand to help businesses leverage emergency Bridge Loans, reconnect with SBA resources, and recover crucial documentation like driver's licenses. Greg delves into the heart of disaster recovery by explaining how they assist small business owners in navigating the complex landscape of available loan products. He highlights the role of the SBDC in guiding business owners through paperwork, ensuring they have the necessary documentation to apply for loans and get back on their feet. The episode showcases the innovative Mobile Assistance Centers (MAC units), 40-ft mobile office spaces equipped with air conditioning, desks, and awnings. These units offer quick mobility to different locations, a crucial element in disaster response. Greg introduces the Mini MAC, a highly mobile Sprinter van, perfect for tight spaces and rapid deployment. One of the key takeaways is the collaboration between the Mini MAC, Big MAC, and the SBA's Portable Loan Outreach Center (PLOC) tents. Greg explains how these resources create a one-stop shop for small business owners seeking SBA loans, making the recovery process smoother and more efficient. As we speak, small business owners are inside the MAC unit, working on their loan applications. Greg shares success stories, highlighting the tangible impact of these mobile solutions on business owners' lives. This episode offers a unique perspective on the resilience of small businesses and the crucial support they receive during challenging times. Join us to learn how collaboration and innovation are driving recovery efforts and helping communities rebuild after disasters like Hurricane Idalia.   Learn more about the Disaster Recovery Assistance provided by the Florida SBDC Network: https://floridasbdc.org/idalia/ 

In the aftermath of Hurricane Idalia, we find ourselves in the Big Bend area of Florida, specifically in Perry, where small businesses are facing the daunting task of recovery. Our focus today is to ensure that small business owners are aware of the multitude of resources available to them in the state of Florida. Joining us on the streets of Perry is Secretary Kelly from the Florida Department of Commerce, a key player in the relief efforts. Secretary Kelly and his team have been tirelessly working to assist Floridians, and today they are stationed in Perry, providing face-to-face support for small business owners. They are offering assistance in reopening businesses, utilizing the emergency Bridge Loan program, and connecting businesses with the Small Business Administration (SBA) for disaster loans. Secretary Kelly shares his background, having recently taken on the role of Secretary of the Department of Commerce after serving as Deputy Chief of Staff for Governor DeSantis. He emphasizes his dual role in overseeing both workforce development and economic support agencies, highlighting the significance of small businesses in Florida, where 99% of businesses are small enterprises. Hurricane Idalia has left a significant impact on Perry, and Secretary Kelly commends the collaborative efforts of various agencies and organizations, including the Florida Department of Commerce. Their mission is clear: to provide essential support to businesses, expedite power restoration, and ensure that every minute counts in the recovery process. One of the critical tools in their arsenal is the Emergency Bridge Loan program, which provides immediate financial relief to businesses, allowing them to keep their doors open and employees paid during the recovery phase. Secretary Kelly also highlights the importance of businesses completing the business damage assessment survey on FloridaDisaster.biz  a vital resource for understanding the real-world impact of disasters on businesses, both in the short and long term. As Secretary Kelly and his team hit the road to connect with communities and offer support where it's needed most, this episode provides a glimpse into the comprehensive efforts being made to help small businesses get back on their feet in the aftermath of Hurricane Idalia. Tune in to learn more about the invaluable resources available to Florida's resilient small business community.

Today's guest is Malcolm Turner   Malcolm has over 25 years in the financial services industry but specializes exclusively in commercial lending. In 2007, he co-founded Castle Commercial Capital LLC, a national commercial mortgage banker and brokerage based in Southfield, MI.   Show summary: In this episode, Sam interviews Malcolm Turner, co-founder of Castle Commercial Capital LLC. Malcolm shares his journey into commercial lending, starting with his background in financial services and his transition from residential lending to commercial lending. He discusses the challenges and opportunities in the current market, emphasizing the importance of finding the right financing options for different types of deals. Malcolm also talks about the benefits of bridge lending and gives examples from the self-storage industry.    -------------------------------------------------------------- Intro [00:00:00]   Starting a Commercial Mortgage Brokerage [00:00:49]   Surviving the Financial Crisis and COVID [00:03:21]   Specializing in Multifamily and Bridge Loans [00:05:46]   The importance of speed and time in closing deals [00:11:34]   The risk and challenges of unbankable deals [00:15:40]   Strategic repositioning of a hotel property [00:19:16]   The challenges and opportunities in the current market [00:22:27]   Using premier properties to feed applications and keep occupancy high [00:23:34]   The importance of meeting with a finance guy ahead of a deal [00:24:36]   -------------------------------------------------------------- Connect with Malcolm: YouTube: @CastleCommercialCapital  LinkedIn: linkedin.com/in/malcolmturner/  Facebook: https://www.facebook.com/malcolm.a.turner  Twitter: @CastleLoans   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Malcolm Turner (00:00:00) - A lot of people that were doing bridge loan deals that shouldn't have. Mm. And so now with the price increases, okay, they're not competitive and it's like, oh, bridge loans are bad. No, that deal should have never been in a bridge loan in the first place.   Sam Wilson (00:00:14) - Welcome to the How to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Malcolm Turner has over 25 years in the financial services industry. He specializes, though, exclusively in commercial lending. In 2007, he co-founded Castle Commercial Capital, LLC. They are a national commercial mortgage banker and brokerage based in Southfield, Michigan. Malcolm, welcome to the show.   Malcolm Turner (00:00:46) - Thanks, Sam. Thanks for having me on. I'm honored to be here.   Sam Wilson (00:00:49) - Absolutely. Malcolm, The pleasure is mine. There are three questions I ask every guest who comes on the show in 90s or less. And you tell me, where did you start? Where are you now and how did you get there?   Malcolm Turner (00:00:58) - I started in.   Malcolm Turner (00:01:01) - Well, how far you want to go back? I started in financial services as a financial advisor. And then the laws changed with Glass-Steagall, where everyone got in everyone's backyard. You know, insurance guys selling brokerage and broker, selling insurance and got into residential lending. That was a tremendously lucrative at the time. You couldn't do deals fast enough. There wasn't enough appraisers to do them at that time. This is oh five, oh six, and was having a conversation with my pastor and his office one day about me doing the right thing for a client, which meant putting him in a fixed rate FHA loan, and my manager wanted me to put them in an option arm that would have blowed up three years later had we, you know, you know, new had a crystal ball. And I was like, Yeah, but this guy is a single guy. First deal. We should do the right thing, right? Oh, there you go, Malcolm Talking about that. Do the right thing. Stuff, you know, and I said to my pastor, why he's doing the right thing.   Malcolm Turner (00:01:57) - A batch of dishonor. And he says, Well, if you were going to do a company, you know, mortgage broker, brokerage, how would you do it? I'm like, well, do commercial because commercial is about the numbers. It's not about the kitchens and the bathrooms. It's the math. You know, And we talked about I said, you set up an office and you have to build relationships with lenders and do this, that and the other. And that's about all it would take. It goes, Great, let's do it. I was like, Oh, I thought we were talking hypothetical. He's like, No, I love you like a brother and I trust you with money. We should do it. And I was like, okay. I was like, Well, I love you too, man, and I trust you. But the only thing about mortgages. So we would be doing all the work and we're splitting the money and I don't want to mess up our relationship.   Malcolm Turner (00:02:41) - And he's like, Yeah, you're right, Malcolm. I totally get that. Tell you what, you you don't have to train me. I get it. I'll be humble, let you coach me. Um, let's build a legacy for our families, and I'll fund it. And you set it up, and then we'll be evenly yoked. I was like. Okay. And that's how Castle Commercial Capital was born 16 years ago.   Sam Wilson (00:03:06) - Wow. That's a that's an unconventional story. I love that getting into lending in 2007 doesn't seem like the most favorable time to start a company like that.   Malcolm Turner (00:03:21) - It was not. Our saving grace was the residential market crashed first. Commercial really didn't get pounded until 2010. That's about when the, you know, it finally caught up to commercial. You know, but since then, we've survived the great financial crisis. We survived Covid. You know, we've even survived just the latest rate increase over the last year because there's been quite amount, quite a bit of turmoil, especially on my side of the table.   Malcolm Turner (00:03:54) - You know, lenders have gotten and all lenders are going out of business. You know, when lending stopped during Covid and in March of 2020, by the time June and July rolled around, some of those lenders didn't make it, you know, and we're still here. So I'm I'm I'm glad to do that. But, I mean, that's not because I'm special or anything like that. But I've always recognized like when Covid hit, I said, okay, no one's funding right now. Not sure when they're going to kick up. So let's redo our website. It's a great time to do it. Let's redo our marketing. As a matter of fact, let's come out with a commercial mobile lending app. Let's do that. You know, and so I've always tried to stay out front and say, okay, you know, like Wayne Gretzky said, you know, he's great because he skates to where the puck is going. Not to where the puck is, you know. And that's up the side.   Malcolm Turner (00:04:51) - And then we just wrote our book financing the Bankable deal, you know, And so I was at the commercial, the National Commercial Mortgage Brokers Conference in Vegas last year, and I was talking to a bunch of commercial lenders and saying, Hey, I'm writing this book. Where do you guys think the market is going and what's it doing? And, you know, did I cover everything? You know, Is there anything I missed? And one of the guys was somewhat skeptical. And we had a breakout session the next day. And during the breakout session, he found out everyone on the panel had done business with me. But him. He was like, Wait a minute, you did business with him. You did along with him. And both of the guys going, Yeah, he sure did. Yes, he does. They're like, Well, okay, well, you got to get us in there, right? You know? And I was like, Yeah, okay. You know, that's awesome.   Sam Wilson (00:05:38) - That's awesome. Well, tell me this. What what is the type of lending that you specialize in now?   Malcolm Turner (00:05:46) - Right now, most of our business is multifamily. Most of our businesses are multifamily and we kind of slid into the bridge loan, the bridge lending space because you know, the market for deals. That are picked over and everyone's fighting for. If the market is this big, those deals are this big.   Sam Wilson (00:06:09) - Right.   Malcolm Turner (00:06:10) - And so there's another you know, this is a stat a lot of people don't know, but like 85% of commercial loan applications are denied. Yeah. Believe that are denied. Right. That doesn't mean that the other that the the 15% are great and the other 85% are terrible. You know, there's probably another 25%. Of those deals that are doable. They just don't know how to do them when their bank says no. Right. Right. And so I was at a a commercial multifamily meetup and a banker was doing the presentation on financing. And at the end of it, they said someone asked the question, well, outside of there were a small community bank outside of you guys doing loans, who else can do them? Another way to do multifamily as well, the small banks and big banks.   Malcolm Turner (00:07:02) - And I was like, That's it. And they were like, Yeah, just just those two. And that was from their perspective, Right, Right. And I was like, okay. So I posted in the group on their Facebook page. There's seven alternative ways of financing deals between Fannie Mae, Freddie Mac, USDA, FHA, HUD, Right. Private lending, bridge lending. There's a whole smorgasbord of options, you know, and everyone's getting in the business. You have insurance companies, pension funds, hedge funds that are setting up mortgage funds. So there's plenty of capital in the marketplace. Now, deals, on the other hand, is another story, but there's plenty of capital to get to get deals done right. Just no matter what, it's going to cost you. And then if you're buying, can I price my deal where the cost of capital makes sense, you know?   Sam Wilson (00:07:54) - Right. Right. That that's the the kicker right there. Can I price my deal where the cost of capital makes sense? And, you know, there's a lot of fear, I think, in the marketplace right now.   Sam Wilson (00:08:09) - What are we on? And you would know this stat better than me, but I read it maybe. A month ago. That year to date, transaction volume in the multifamily space was down 75% nationally. The rising interest rates are a concern, as you said. You know, you guys have weathered through that. But having, you know, specializing in the bridge lending space, there's a lot of people that look at bridge lending now, especially with a, you know, suspiciously. They look at it and go, oh, absolutely. Bridge lending. Don't I got to go? Like, that's not for me. Tell me why it still is a good option for the deals you guys are getting done.   Malcolm Turner (00:08:51) - Well, I think you start with when is it inappropriate? Mm. Right. If you have a cherry deal, it's cash on like crazy. You got tremendous occupancy or expense ratio is is fantastic. The property condition is great, the location is great. You know, you don't need a bridge loan.   Malcolm Turner (00:09:16) - And what I've seen is for convenience and speed and just, you know, again, convenience because it's not as many hoops to jump through. A lot of people that were doing bridge loan deals that shouldn't have. Mm. And so now with the price increases, okay, they're not competitive and it's like, oh, bridge loans are bad. No, that deal should have never been in a bridge loan in the first place.   Sam Wilson (00:09:39) - Right.   Malcolm Turner (00:09:40) - You know, so for me I look at if the deal has something wrong, if it's got what we call heron on the deal, poor occupancy, poor cash flow, you know, there's all time. There's a situation where there's a time sensitive thing going on. Like, for example, I had to deal with closed where there was two partners, two guys partnering on a deal. They own the property probably about 5 or 6 years when I was getting a divorce. And and, you know, sometimes you see it coming. Sam Right. You sort of know the handwriting's on the wall, right? And the one partner says, Look, if you're getting divorced, we got to get out of this partnership because I don't want your wife winning, winning your half of the deal, and I can't be partners with her.   Malcolm Turner (00:10:28) - Right. You couldn't make it work. I sure as hell can't. Right. So. So they were looking to get out fast. Their property manager was my client. So I have been he's been I do commercial real estate meetup here locally in Southfield, Michigan. And this guy's been coming to my meetups a couple of years and he had about ten rental properties. And so we did a portfolio loan, cashed out of his cash, a bunch of equity out of his residential. And then literally 45 days later, these guys said, Hey, hey, Rob, do you know anybody that might want to buy this property? Because we got to get out fast. And he was like, Hey, me, me, me, me, me. Right. He's already been the property manager and he had the cash and he knows what the issues were with, with the property, right. And there were certain things they were they should have done, but they weren't doing. They could have made it more profitable.   Malcolm Turner (00:11:25) - And so he knew where it could go. So we financed that deal, got those guys out, and we closed in like 30 days.   Sam Wilson (00:11:33) - Wow.   Malcolm Turner (00:11:34) - You know, and for the speed for closing that quickly and beating the attorney right to the courthouse, you know, he got that property at like a 15 know 18% discount to value. Right? Right. So for some sellers. Speed and time. Let's just say time is more important than money. Right, Right, right. And so, you know, you have to say and play a blue ocean strategy. And say, okay, where am I looking at deals that no one else is looking at and then how do I make that work? And then that's where a bridge loan could come in. And even if the deal is is fine and there's no pressing issues like these two partners had, you might still offer that lower price. But I will close quickly. I will close in three weeks. I will close in 30 days or less, you know, and see if they bite now, if they don't bite.   Malcolm Turner (00:12:32) - And he says, okay, fine, you didn't you know, you didn't bite. I guess I won't have to go the traditional route, you know, because there's going to be a higher cost with the bridge loan. Sure. Right. But if I'm getting an 18% discount off a value. I don't care.   Sam Wilson (00:12:47) - Right.   Malcolm Turner (00:12:48) - The math works, right?   Sam Wilson (00:12:50) - Well, hopefully the math works, because even if it's a discount, if the current cash flows don't cover the, you know, the current expenses, then it becomes an interesting, interesting equation.   Malcolm Turner (00:13:02) - Well, right. That's where the math has the math. Right. Right. And I say that in my in my book. The math has to work. Right. Right. And you can't fall in. And one of the mistakes sometimes investors will make is they'll they'll find a deal or maybe it's a deal that been paying on for a long time. It finally comes available. They get a shot at it and it's a bad deal. And I'm telling them it's a bad deal.   Malcolm Turner (00:13:28) - They got other advisers telling them it's a bad deal and somehow they still trying to make it work. I remember I had a guy shop a deal to me three times in two years. In the first time, I was like, Yeah, I don't think this is going to work. He didn't listen. He went to someone else, you know, didn't work, pay some guys money up front to quote unquote pre-approval or some nonsense. Okay. And came back to me. And then the third time, a real estate commercial real estate brokerage here in town say, hey, Mac, I got a client coming in tomorrow. He's got this big deal downtown Detroit. We're trying to make it work, you know, I know it's short notice, but can you meet me in my office at 10:00? Because he doesn't have his financing set. And I was like, sure, sure. I walked up to the meeting and the guy's name the broker's name was Levi, right. And I was like, Hey, Levi, how are you doing? Is that good? He's like, Malcolm.   Malcolm Turner (00:14:20) - I was like, Mike. And Mike was like, Hey, Malcolm, how are you doing? I'm like, Good. He was like, Oh, you know, each other. I was like, Oh, yeah, right. And we went to talk about the deal and he was like, Yeah, I got the spreadsheets. Like, It's okay, Mike. I got everything on your deal. I don't throw that stuff away. So everything you submitted to me is all those financials still the same? Yeah. Okay. Well, your options. The options I gave you six months ago. The options I gave you a year or two years ago. I'm probably the ones you still should take. And he wasn't willing to listen. He was so in love with this deal. He just couldn't let it go.   Sam Wilson (00:14:57) - Mm hm. And it was a deal that should have just been let go, is what it sounds like. It was just a bad deal.   Malcolm Turner (00:15:04) - It was. Well, it wasn't.   Malcolm Turner (00:15:05) - I won't say it was a bad deal, per se. It wasn't a great deal for him. Right. And he ended up losing it. Someone else got it. And, you know, long story short, it was a deal that was probably like a million and a half. And I just saw it. It sold for like 5.20.   Sam Wilson (00:15:22) - Wow.   Malcolm Turner (00:15:23) - So, you know. But but if I you know, they always say, you know, there's there's more than one way to skin a cat. Sometimes there's only one. There really is only one. And if I say this is how you make it work and that's how you get it done and the guy doesn't want to do it was nothing I can do. I can only advise.   Sam Wilson (00:15:40) - You can only advise. Let's talk a little bit about your financing, the UN bankable deal book. And again, you know, this kind of goes obviously hand in hand with bridge loans, things like that, that help get some of these deals across the across the finish line.   Sam Wilson (00:15:56) - But what are un bankable deals and why? What's compelling about those that makes people even want to buy them? I mean, if banks are looking at it going way, way, way too much risk, kind of like you looking at it going, Hey. That's a that's a challenging deal. Like what? What's the motivation behind someone trying to get deals like that done And what's the what's the I mean, just give me some color behind that if you can.   Malcolm Turner (00:16:21) - Sure, sure, sure. I mean, from my perspective, a good bankable deal has got some hair on it that scares the willies out of everybody else. So one, you're not going to have a lot of competition when it comes to negotiating the deal, because most people, I think, don't think it's possible. Right. To you know, like I said, it may have cash flow issues or occupancy issues. And the question becomes, does your team because I believe teamwork makes the dream work. Right? Does your commercial real estate team have a plan? To turn that property around.   Malcolm Turner (00:16:59) - You know, sometimes that that property, that own banker will deal is a hotel that's failing miserably as it is a lot of hotels right now, Sam, that are in trouble. A lot of the biggest category of deals in foreclosure and forbearance. Our hotel deals. Okay.   Sam Wilson (00:17:18) - It's not it's not office space.   Malcolm Turner (00:17:21) - No, it's hotels. It's hotels.   Sam Wilson (00:17:25) - Tough. Why?   Malcolm Turner (00:17:26) - Because if I'm, um. Ford. Okay. And I'm leasing 50,000ft², and I've got a five year lease, right? I'm paying my bills. Right? Right. For may try to negotiate with the landlord, but I'm paying my bills. Yeah, okay. In a hotel, though, right? It's consumer based. So Right. So the consumers are like, Yeah, that area's not that hot anymore or we don't like that property anymore or it's not managed well. It can drop like a hat. You know? And so as an investor, though, sometimes we know in commercial it's about highest and best use. Right.   Malcolm Turner (00:18:14) - So one of my examples in my book is about strategic repositioning. I had a client, she bought one of these, um, drive in like motel type places. You know, we're talking about, you know, the movies. You pull up to it, that's where everybody hides out and trying to hide from the FBI. You're on the lam. One of those type hotels. And she closed off the place. She put wrought iron fencing all around it. She made it senior only because seniors only need about that much square footage. Right. She took the wall out and the and the back of the unit in between. So she made two units. One one unit is like their living area and the other unit is a bedroom. Sure. Bedroom, private bath. Right. The other one was like a little living area with a kitchenette. Okay. She provided housekeeping for them. She provided meals for them three squares a day, all for all inclusive price of, like 2500 a month.   Sam Wilson (00:19:15) - Wow.   Sam Wilson (00:19:15) - Okay.   Malcolm Turner (00:19:16) - The square footage was only 432ft². We? You know, that thing was cash flow and like crazy, right?   Sam Wilson (00:19:30) - I'm sure it was.   Malcolm Turner (00:19:32) - You know, And so she's like, let me do it again. And so that's where now if she goes to get a loan for multifamily. That's not going to work there. Look, this is a hotel, right? You're going to have to do some renovations to it. We don't know about your experience doing that, you know? How successful is it you're going to change the use? What about. But if somebody has a plan and they've got it worked out and she had a chef that would come in in the in the clubhouse of the of the place, he would cook meals for all the residents on a daily basis. It worked out. It cost her like $5 a meal. Wow. Right. The maid service, same thing. And the great thing about the maid service. They're all seniors, right? They're on fixed income. They loved the fact that meals, housekeeping, everything was included for her.   Malcolm Turner (00:20:26) - She knew her property was going to get kept up because the maids going in there cleaning everybody stuff. And if somebody was having a rough time, if they were sick or they weren't doing well, the maid would know first. Sure. And say, Hey, Mrs. Johnson, And you know, Unit three B is struggling. You may want to call her adult children, have them come check on her. You know, So it was a way to better manage the property as a property manager because the maid was giving her all the gossip on what was going on with the place, you know, and every unit was maintained well, and she made a really good profit. Oh, and she gave them cable, right? Because she gave them like basic cable. And the only thing those tenants had to pay for was their own cell phone.   Sam Wilson (00:21:08) - Wow.   Malcolm Turner (00:21:09) - Wow. And that was not a bankable deal. But that was where, you know, and I believe she bought that property all in between the renovations and the purchase was like a mill one.   Malcolm Turner (00:21:23) - And I think the value of our cash flow was something like 2.4. Wow. And then when I met her, she wanted to cash out, refi and then go buy her another one. Sure. And I was like, Absolutely.   Sam Wilson (00:21:37) - Absolutely. Yeah. Because you got the model. I mean, that's it. And I think that's what I'm hearing you say here is anything that is outside of the ordinary, it's not maybe cash flow positive and or if it is cash flow positive, the value add plan has not yet been implemented. A heavy value add plan has not yet been implemented. So what you need are a couple of things. Tell me if I'm wrong, but you need someone with a skill set to implement the heavy value add plan. Yes. And then, you know, obviously, you know, that's really it. In the second part is to have that plan. So if you have those two things inside of a deal, maybe that non-traditional or the lender's traditional lenders won't look at, you need to go to the non-traditional route, which is through maybe somebody like yourself that helps specialize in that.   Malcolm Turner (00:22:27) - Okay. And there's money for you know, there's money for all of that. And as lenders who aren't scared. Of a value add project. Right. They're not scared of even if it's like a straight, like obviously repositioned, but also just, you know, this is a property that maybe market rents are 1200 a month and the current rents are like 700, 800 bucks. The owner is like, you know, 82 years old. And he just didn't feel like putting everyone on a new lease. So the whole rent roll is month to month. You know, it's on the market and the bank is like, Yeah, yeah, we didn't want to do that. But if you've got a guy that's got, let's say, 4 or 5 properties already in the area, he's bringing in applications, right? Rental applications from those other properties. Okay. He knows I can fill up those 20 units easy, no time. You know, I know guys, they do self storage like that. They'll have a great location and they'll they'll have one property.   Malcolm Turner (00:23:34) - That's the real big marketing property. It's on such a great corner that property is always filled and they use those extra locations to fill other self storage. They got like 5 or 6 other self-storage units that are not on great locations, so therefore they were cheaper.   Sam Wilson (00:23:50) - Right.   Malcolm Turner (00:23:51) - Right. And they use the one premier property, right? The trophy property to feed the applications and keep the occupancy high and the other self-storage properties that they have.   Sam Wilson (00:24:02) - That's awesome. I love it. I love it. Malcolm, I've learned a lot from you here today. Learned about bridge lending. You learned about the times when it's a good application and a good opportunity to use that. Talking about your book Financing the Unbreakable Deal, we've talked a lot about the advantages of using bridge lending, convenient speed. The yeah, just went kind of through a lot of those details on that. I've learned a lot from you. Certainly appreciate you taking your time to come on the show today. If our listeners want to get in touch with you and learn more about you, what is the best way to do that?   Malcolm Turner (00:24:33) - They can find us on YouTube.   Malcolm Turner (00:24:36) - We have a YouTube channel, Castle Commercial capital. You can find us on YouTube. Our website is Castle Commercial Capital. I also have my book website, which is financing them. Bankable deal. They can learn more about the value that's in our book and if they want to book consultation, I offer this to all of your listeners there. They can have a free consultation for half an hour with me to discuss the deals that they're working on and future deals, because one of the best ways to be really effective with your financing and I put this in my book is to meet with your finance guy ahead of the deal and say, Hey, here's where financing is at, here's where it's going, here's the best deals to get done, and then go out in the marketplace and see which. And it's amazing. Sometimes I'll have a conversation with someone. And literally three days later, I found just the deal you were talking about. Really? Yeah. But it's like and I'll end with this, it's like getting a car, you know? I got a black Toyota Venza, XLE.   Malcolm Turner (00:25:36) - Not a whole lot. I'm on the road. Most. We don't even know what that car is. I didn't know what it was. I fell in love with it when I saw it. Right now, I see them all the time. Every day. Right? Right. It's like once you get an eye. For certain types of deals. You see them. You know, I've got an eye for commercial real estate. You know, I personally like to buy single tenant leased properties that are vacant. So every time I'm driving down the street and I see an empty McDonald's or a former Baskin-Robbins or a close Starbucks, I'm like, ha ha ha. And then I'm reading What's the other tenants around that? And most people just drive by those places, right?   Sam Wilson (00:26:15) - I love it. I love it. Malcolm, thank you for taking the time to come on the show today. We'll make sure we include the links to your book and to your website there as well. There in the show notes.   Sam Wilson (00:26:25) - I certainly appreciate your insight and your time.   Malcolm Turner (00:26:27) - Hey, thanks for having me on, Sam. I appreciate. It was fun.   Sam Wilson (00:26:30) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.

Today's guest is Brock Mergist.   Brock is a retired Green Beret who created a multifamily investing business for his family. He is in the industry to change the norms and disrupt how things are done. -------------------------------------------------------------- Starting a Business in Multifamily Industry [00:00:52] Challenges in Launching a Multifamily Business [00:02:44] Adapting to Adversity in Multifamily Industry [00:05:16] Capital Raising Challenges [00:09:08] Market Cycles and Risk Mitigation [00:10:20] Building the Right Team and Operations [00:12:55] Targeting Mismanaged Operations [00:17:24] Bridge Loans and Politics [00:18:16] Conclusion and Contact Information [00:20:12] -------------------------------------------------------------- Connect with Brock: Linkedin: https://www.linkedin.com/in/brock-mergist/ Instagram: https://www.instagram.com/brockmergist/ Facebook: https://www.facebook.com/brock.mergist.3 Web: https://www.aquilamf.com Email: brock@aquilamf.com   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Brock Mergist (00:00:00) - Whenever the property manager knew that we weren't gone with them, they left or they basically stopped. And then, then we were up to seven vacancies. Then a unit caught fire. So Fanny said, we're out. Right? Uh, so then after that we had to adapt again, get a bridge loan, uh, which we did. And by the time we closed, we had 10 vacancies. So at adversity, you just gotta keep, you gotta stay in the fight, as we say, and keep adapting. Uh, and look for that suc that mission success. Welcome   Intro (00:00:29) - To the how to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:41) - Brock Merges is a retired Green Beret who created a multi-family investing business for his family. He's in this industry to change the norms and disrupt how things are done. Brock, welcome to the show.   Brock Mergist (00:00:52) - Thanks, Sam. Appreciate, appreciate you and appreciate you inviting me on.   Sam Wilson (00:00:55) - Absolutely. Brock, there three questions I ask every guest who comes in the show in 90 seconds or last, can you tell me where did you start? Where are you now and how did you get there?   Brock Mergist (00:01:05) - Well, I started a couple years ago, uh, created the, the business called Aquila Multifamily. Uh, we're looking to be main sponsors and operators. Um, that says I did, we finally got our first main sponsor deal in December, and now we have, we're actively in, um, on a 65 unit multi-family deal in Charlotte, where we're actively raising right now.   Sam Wilson (00:01:30) - Got it. Okay, cool. So you started in this business a couple years ago and you got your first deal across the finish line in December, is that right?   Brock Mergist (00:01:38) - That's the first main sponsor. We raised capital on a 3 84 deal. Okay. In Florida. And that went full cycle. So we raised it in about 14 months or so. We basically flipped it and then, uh, cashed out last year and then took that, uh, all our investors, except a couple, came with us on this deal in Fayetteville, the 56 unit in Fayetteville in December.   Sam Wilson (00:02:02) - Got it. Okay. Okay, cool. You know, one of the things I love about where you are in this business, Brock, is that the, the struggle and the challenges of getting a business like this off the ground are very, very probably, um, you, you're, you're just in it. I mean, you're in it getting one of these, one of these businesses ramped up. And I think, you know, it's great to hear from the, Hey, we own, you know, 15,000 units and that's great people cuz they've got a lot of industry experience that they can kind of draw back on, but they forget about maybe the, the struggles of the early days. So tell us, what are some things really the, the, you know, some challenges you've faced in getting this business launched and then maybe how have you overcome those?   Brock Mergist (00:02:44) - Yeah, so, so for me, I, I am 44 years old and I did 20 years of honorable service in the military where I did 13 combat deployments. And I think the military, especially soft specific, has taught us a valuable business lessons. Um, we know how to plan a mission, we know how to plan contingencies, we know how to adapt when we're on the ground and things change. Uh, and then because of that, I think it, it, when I got into business, I think we can, I can easily adapt. So although I'm new in this in industry, I like to tell people when I meet 'em cuz they always like to throw that, oh, you've only been a main sponsor once or twice, but I've, I've done combatant operations risk my life, my men's life, you know, all over the world. Would that, that helped me build to the point where I am now. And I think there is some crossover during mission planning and how to, to successfully create a mission plan and execute it. Same thing in business world.   Sam Wilson (00:03:53) - Oh man. And you, you were planning and executing, uh, missions, I mean, under extreme duress. That's   Brock Mergist (00:04:02) - True.   Sam Wilson (00:04:02) - So it would seem like this is, this is small potatoes you're not getting shot at when you are planning a multi-family, at least maybe unless you come to Memphis, uh, you know, planning on buying multi-family. So, you know, talk to us about that a little bit and how you, how you build out and built out that, that kind of plan ahead of time.   Brock Mergist (00:04:23) - Yeah, I think, I think things move a lot slower in this industry, right? So when we go, uh, the wheels hit the deck and you're going, you're, you have to make split second decisions. You know, uh, AK 47 is over 3000 feet per second. You have to make decisions fast on the data. You got, uh, mil the industry, uh, the multifamily industry is, is the same way, but the data comes in a lot slower. It may take two or three days, maybe a couple weeks to get this. And I think it's, it's all about how you mitigate risk. For me, the risk in multi-family is high because you never wanna lose money, right? That is, to me, mission success is never lose money. So, uh, but if you make a mistake, no one dies. So I think that's, it's all about where you're miss uh, risk mitigation.   Brock Mergist (00:05:16) - And I always like to plant contingencies, uh, adapt when things happen on the ground, you have to adapt. Our first deal, we ran into everything. We started with it a, a summable loan. Uh, but the property was failing so bad that the same bank that had the loan, uh, didn't give us the, the supplemental. So we lost the deal. Then we had to come back and we had to adapt, find another loan. Uh, then Fanny, they, we got a fanny loan and then they lost that deal and Fanny walked away because we started with like two to four vacancies. Then we, whenever the property manager knew that we weren't gone with them, they left or they basically stopped and then, then we were up to seven vacancies, then a unit caught fire. So Fanny said, we're out. Right? Uh, so then after that we had to adapt again, get a bridge loan, uh, which we did. And by the time we closed, we had 10 vacancies. So adversity, you just gotta keep, you gotta stay in the fight as we say, and keep adapting. Uh, and look for that suc that mission success.   Sam Wilson (00:06:21) - Yeah. And so, and that was, uh, if I'm remembering this correctly, 56 units, or was this the 385?   Brock Mergist (00:06:27) - No, that's the 56 units in December, which actually compounded the issue, right? So mid-December we closed December and January is a wash. That's the holidays, right? So we had 10 vacancies now, right? Uh, and then once you take over and there's, and we said, Hey, there's a new sheriff in town. No more late payments. This is, this is how it's gonna be. Um, we had eight runners, so now we had 18 vacancies. Oh. But it's a huge success story, right? Because we always adapt. You continue to stay in the fight, uh, you continue to push. Well, uh, it took us a little bit longer than a quarter. So last month, uh, we're now down to four vacancies. Wow. So it took us a little bit of time, but we rushed and we pushed and we continue to push. Uh, but that's a good success story for us, you know, as a, as a pretty young, uh, in the business.   Sam Wilson (00:07:17) - Yeah. No, I think that's great. That's great. Yeah. 18 out of 56, I don't know what the math on that is. That's 30% isn't that good? Yeah, maybe 30% vacant. That's, uh, that's not good. But yeah, you turn it around. I mean, you get, like you said, you stayed in the fight, you turned around and said, Hey, we just gotta keep, keep this moving, moving forward. What were some of the things, maybe some of the fears or the, um, if there were any fears or doubts, any, any of that creep in, in the middle of that process? Yeah,   Brock Mergist (00:07:46) - There's, there's always fears, right? Especially once we close and we had the 10 vacancies, right? Yeah. So we're fighting uphill, you know, if you know tactics, you don't wanna fight uphill. That's just you, you want the high ground. So, uh, that right there, uh, it did kind of, some fear started creeping in, but we built the right team, right When we interviewed our property manager, they came, uh, highly, um, what do you call it? What's the word? Um,   Sam Wilson (00:08:16) - Recommended   Brock Mergist (00:08:17) - They came. Yeah, thank you. They came recommended from some, some guys that we, we work with, they, they're actually formed Air Force dudes. Uh, so they came highly recommended. He was, he retired out of Fort Bragg area. We were military. Uh, we told him what our game plan was, how we wanted to push rents, how we wanted to push other income. He was on board from day one. Uh, and he, he just, he stepped on the throttle and, and then we did it together. So I think it's about building the right team, believing in each other, and just staying in the fight.   Sam Wilson (00:08:50) - Yeah, absolutely. Absolutely. Operations is one side of this business. The other side of this business, of course, is really the investor relations, capital raise, marketing side of this business. How are you solving that side of it?   Brock Mergist (00:09:08) - So, for this deal, uh, what we do, we partner with capital razors. Um, I love underwriting and, and building the plan, underwriting and acquisitions. I like to walk the property. I like to underwrite 'em. I didn't think I would. Uh, but I do, I really do like that. I like to build the plan and then operate. So what I'm not good at is, uh, I'm not very good at talking about it or, um, you know, outgoing. So capital raising is, is is tough for me. Now I do, I do work hard at it. Uh, cause I wanna, you know, whatever I'm weak at, I try to improve. But, so I partner with capital razors, um, I let 'em sharp, shoot my, my underwriting and my business plan cuz I want them to be comfortable. Uh, and then, and then we start building those relationships for future.   Sam Wilson (00:10:02) - No, that's, that's very, very cool. And that's, and that's a challenging, uh, it's a challenging time I think for people in the capital raising space. What are some things, as you're partnering with other capital razors coming into your deal, what are, what are some common objections maybe that you've had to overcome?   Brock Mergist (00:10:20) - So right now, everyone's kind of scared of where the markets are. Right. Um, and I get it. And I, and I tell 'em that, and I think some people, right, there's two kind of camps right now. Some people have stopped everything. They're not buying. They're just like, I wanna see what happens. Then there's other people who are still buying. I'm in a camp that still buys. Uh, I think education is one thing, right? So, uh, I read the, uh, I read two like market cycle books. I think it was what, uh, mark, um, God, of course, I, I forgot. I'll, I'll, I'll send you that after so we can, so we can tell your, your guys It was a Ray Dou the big market cycles and it was another, uh, something, um, something marks Steve Marks or So Howard   Sam Wilson (00:11:04) - Marks mastering the Market Cycle by Howard Marks.   Brock Mergist (00:11:06) - That's it. Yeah. So, right. So it's just education thing, right? Just continue to watch the markets. But I think you can make, what I've learned from those books and just education is you can make money in any market cycle. You just have to buy correctly. And again, it's risk mitigation. Don't be afraid to just to step in there, plan contingencies and be ready to adapt when something does happen. Right,   Sam Wilson (00:11:32) - Right. Yeah. No, that's great. That's great. Yeah, I I I really, really enjoy mastering the market cycle. Yep. Cause it, it, it tells you, I i I, we'll stop here for a second cuz if you haven't read that book and you're listening to this, go, go read it because it gives you, I I would say that book is more of an investor psychology book than it is. Maybe. It's, it's so brilliant cuz he, he just, he, he, um, threw   Brock Mergist (00:11:55) - Talks about the pendulum. Right. And it's a, it's an emotional Right. That's why the markets are so crazy, the stock markets because people's emotions, if they would just stop being emotional Right. And let the market self correct. Right. That's what he talks about. And I think, and I think that's what it is, right? Emotions distinct. You can't be emotional about it. The numbers are gonna work. And if they don't, you walk away. It's like, don't get a, it doesn't matter how much time, energy, and money you put into it, if it doesn't work, just, just walk out.   Sam Wilson (00:12:25) - Right. No, I like that. I like that a lot. You've talked about team, uh, here quite a bit. I'm sure you know, in the military, that was a very important part of what you guys did and it's probably an important part of what you're doing right now. One of the things you're doing to scale is bringing on other capital razors to help you solve that part of the equation. What are some of the things maybe in the next 12 to 24 months as you look to scale your business? What does that team look like for you? Have you, have you envisioned where you're going? I imagine you have, you, you're, you've drawn out your mission plan, so what is that?   Brock Mergist (00:12:55) - Yeah, you know, I, I'm, I don't know if you've ever read the book Traction, but you know, Wilkinson, uh, I'm more of the visionary, right? So when it comes to fine details, that is not me. So, uh, where I am at my, in my career, I need kps to help co-sponsor the deals. Mm-hmm. . Um, so what I want to do as you know, as we continue to move forward, is I want to be able to grow the portfolio so I can be the main sponsor, right? Yeah. And then also that's gonna help me start hiring people. Right now I'm a I, I'm a one man show. Yep. But that's why I separate it. I know what I like, I know what I'm good at. Then I go out and build a team, right? Mm-hmm. , I think the next step for me is I want to, I want to, cause I think operations is very important.   Brock Mergist (00:13:44) - Location, location, location, right? That is always the, the number one. But right under that to me is operations. You can take a great, a great asset and ruin it if you don't op, operate it correctly, right? And you can take a mediocre, uh, asset and, and operate it better than anyone else. And then you can, you can really achieve great things. So I think I want to get into the property management, right? So, uh, that way I can write the way I want to do things the way I want it. So right now I still have to, hey, here's my business plan, here's the vision. I still have to rely on that third party to push the rents or do the things we were blessed in, um, in Fayetteville, whenever we sat down with the pm, he immediately was on board and, and willing to push the rents as high as we wanted. So, and, and is working out,   Sam Wilson (00:14:41) - Right? Yeah. So one of the things I hear you saying is that you, you wanna build up the property management side of the company, even though you may love your property manager. Now you see that as an opportunity for you to bring things in-house and just have greater control over your deals. Is that right?   Brock Mergist (00:14:55) - That's right. Because you, you, you can, you can use, or you can manipulate the expenses one way or another. If you own the, the property management company,   Sam Wilson (00:15:04) - What do you, what do you mean by that?   Brock Mergist (00:15:06) - So just certain things, like if you have a maintenance guy mm-hmm. , right? He can start painting your property. So that's a third party that you don't have to now you're, cuz right now it's like $500 to do a turn right? To me that is outrageous. Why is it so expensive? And I can't do nothing right now because maybe I'm offsite right. Managing and we have to hire a third party. But if you have a maintenance guy, he can do that. That's his job, right? I mean, and that, those are the little things that you have to, you can manipulate with it.   Sam Wilson (00:15:39) - Got it. Got it. I hear you. I hear what you're saying there. Yeah. And that's, I mean that's, that's uh, it, it cuts both ways I think. And it, it's, it sometimes it's cheaper to outsource or it's just like, okay, you know what? There's a flat fee, this is what it is, you outsource it cause it's not a, it's not a consistent expense. You don't need that person in house. And then other times it's like we can't wait to bring people in house. Cause the sooner we can do that, the greater control we have, the more, more of a a, uh, consistent product we can put out and we can decrease expense in doing it. Yes. You hit that kind of economy of the scale.   Brock Mergist (00:16:11) - And again, it's rely on third party, right? So, so I always like to my five 10 meter a hundred meter target. Right now I'm relying my five meter target. I'm relying on the third party, the 10 meter target is, once I get the property management company, I'm still gonna have to rely on some third party. Yeah. And then the a hundred meter target is now I'm training the, my maintenance guys to take care of everything. So everything is in-house. So that's still several years down the way, but that's how I like to look at it.   Sam Wilson (00:16:40) - No, I think that's great. That's great. What are you guys working on? Like what do, what do you see on the debt front right now? I mean there's a, there's still a lot what I would say a lot of interest from, and I'm gonna use this term, smaller sponsors, but I, I don't mean that in a negative way. I mean it in the, the, maybe they're not the, you know, billion dollar firms buying a 56 unit property or a 65 unit property. But I still think there's tons of meat on the bone in that space. So, and, and when we see people continuing to buy in that front, I see a lot of, a lot of larger firms have gone pencils down, but the smaller assets I think are still trading. What are you guys doing right now to really uncover opportunity in these kind of say less than a hundred unit multi-family properties?   Brock Mergist (00:17:24) - I always look at the operations, right? I target that. If they're mismanaged, you always target that. And I think that's all the guru books. Uh, I don't mean that badly, uh, but you know, all the books that you read about apartments, they always try to tell you that. And I, I think that is true if they're, if they're managing it incorrectly, that's something that I like to target, right? Um, but also I think when you, you, you did mention debt, uh, some people are afraid of bridge right now. Hmm. Again, I don't, I'm not too, I'm not afraid of that too much because as long as you again, plan for your contingencies, right? Um, if you get kind of a longer interest only three, four year bridge, which you can do that are three years one plus one, right? So you, you initially got a five year year deal.   Brock Mergist (00:18:16) - Um, and I also like to look at, cuz we did go bridge in December and we're gonna go bridge this time. Um, which it doesn't bother me cuz we're gonna do some interest hold back. So our first year will be covered under interest. Uh, so we, those payments as we're, you know, doing our upgrades, we can, we can easily get that. But I think, um, you gotta look at what's gonna happen in a year or two. It's an election season, right? People are thinking like everything's gonna hit, hit the ground. But what we've learned in, you know, the great recession, the government knows they can throw money at it and, and achieve a soft landing. I'm not saying it's right, but they're gonna do that continually until they, until it fails. Uh, it's also an election season. No party wants to go under an election with high interest rates, right?   Brock Mergist (00:19:11) - So they're gonna try to, to manipulate that system in a way so in a year and two, right? Because even in two years it may be the Republicans own it or the Democrats win again, what's gonna happen? So you gotta look at that because politics play a big role in the debt market and, and that, so if you look at it like that, I think, I think I'm not afraid of the, of the bridge loans cuz we do have that three year term plus plus one plus one. So we have a five year term. Right.   Sam Wilson (00:19:43) - No, that's great. That's great. Brock, thank you for taking the time to come on the show today. I hate to cut this short. I've got a lot more questions for you, but we're unfortunately out of time here. Uh, this has been certainly insightful. I love, again, just hearing that story for the person who's who's, and I'm not gonna say you're just starting, but, but you're early on in your, in your commercial real estate career and I think it's really great just to get some insight from somebody that's, that's in the thick of it. So thank you for taking the time, certainly to share that with us. If our listeners wanna get in touch with you and learn more about you, what is the best way to do that?   Brock Mergist (00:20:12) - Yeah, thanks Sam. Um, you can email me@brockaquilamf.com. That's aq, U I L A mf.com. Or you can look at our website, aquilo multifamily.com.   Sam Wilson (00:20:26) - Perfect. Sounds great. We'll make sure we include all of that there in the show notes. Brock, thank you again for coming on today. It certainly was a blast. Thanks.   Brock Mergist (00:20:33) - Appreciate it. Thanks for having me.   Sam Wilson (00:20:35) - Hey, thanks for listening to   Sam Wilson (00:20:36) - The How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple podcast, Spotify, Google Podcast, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Dr. Kenton Allen, an anesthesiologist and the Co-Founder of Doc2Doc Lending, is on a mission to financially empower physicians. Frustrated with his own roadblocks at acquiring loans,  his entrepreneurial passion led him to help create Doc2Doc Lending,  which offers a variety of financial solutions tailored to the unique needs of doctors, both in training and in practice. Their programs include personal loans for medical practitioners and trainees, as well as a special "Bridge Loan" for those transitioning from training to practice.  By understanding the unique financial pressures of doctors, Doc2Doc provides a service not typically considered by traditional financial institutions.  Doc 2 Doc Lending https://www.bootstrapmd.com/doc2doc _______________________ PhysicianCoaches.com The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors https://www.PhysicianCoaches.com My Book: The Positioned Physician:  Earn More, Work Smart, and Love Medicine Again, 2nd Edition: Updated with over 50 pages of new content including  new chapters on goal setting, mindset, and sales strategies for a successful online business! https://www.amazon.com/Positioned-Physician-Updated-Smart-Medicine/dp/B08QFBMWCY FREE Masterclass: How to Become a High Paid, In Demand Physician Coach or Consultant https://www.positionedphysician.com/f/highly-paid-masterclass

Welcome to Strategy Saturday; I'm Charles Carillo and today we're going to be discussing What is a Bridge Loan in Commercial Real Estate. If you have ever researched different real estate financing options, you most likely have come across a short-term lending product called a bridge loan. In this episode, Charles discusses what a bridge loan is, when it is best utilized, along with the pros and cons. Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

Neal Bawa is CEO / Founder at UGro and Grocapitus, two commercial real estate investment companies. Neal's companies use cutting edge real estate analytics technology to source and acquire OR build large Commercial properties across the U.S., for nearly 800 investors. Current portfolio over 4,800 units, with an AUM value (upon completion) of over $1 Billion. Neal shares his team's unique and cutting-edge real estate data methodologies to connect with geeky and nerdy (or just data driven) investors who share his vision - That Data beats gut feel by a million miles. Over 10,000 real estate investors have taken his free Real Estate Data Analytics course on udemy.com and the course has over 1,000 five-star reviews. Neal speaks at dozens of real estate conferences across the country and virtually, on the Internet. Over 5,000 investors attend his multifamily webinar series each year and hundreds have attended his Magic of Multifamily boot camps. His facebook and meetup groups have tens of thousands of investors. Neal believes that we are at a turning point, where traditional commercial real estate will combine with Proptech and Fintech technology disruptors, and will truly reach it's potential as a tradable, highly liquid asset class that will rival and eventually beat the stock market in its size and scope. Gain valuable insights on future buying opportunities and bridge loan debt risks with multifamily real estate expert Neal Bawa. In this episode, Neal explains what the avatar looks like for operators who may face trouble this year due to bridge loan debt coming due, and where he sees potential opportunities for investors. Don't miss out on this informative discussion! Connect with Neal: Website: www.grocapitus.com Partner with us: www.takeoffcapital.co Follow the show on Instagram: @therealestatetakeoff

William Holland is the CEO and founder of Bigger Picture Holdings LLC, a real estate investment company in Dallas, Texas, specializing in value-add multifamily properties. He has extensive experience in construction planning and management, having previously worked for Balfour Beatty and Infinity MEP Consultants. William is an active member of TREC, a significant real estate organization in Texas, and RaiseMasters, a mastermind group for capital raisers. He collaborates with experienced multi-family operators to achieve long-term success. With a degree in mechanical engineering from Texas A&M University, William enjoys basketball, cycling, camping, and serving at church. He considers his relationship with Jesus as the most critical aspect of his life and strives to glorify God in all his endeavors.   Are you interested in real estate investing? Do you want to learn from experienced professionals in the industry? Join us in this episode of Real Estate Investing Rocks as we sit down with William Holland, a new syndicate member who shares his journey of getting his first deal across the finish line. We'll explore the process of extending deadlines due to increased interest rates and the benefits of bridge loans over agency loans. Holland's background in mechanical engineering and construction management provides valuable insights into managing large-scale construction projects and transitioning into asset management. We'll discuss managing people, navigating difficult conversations, and providing quality residential experiences for residents. Whether you're a beginner or an expert in the field, Holland's expertise and experience offer valuable lessons and insights. So tune in now and discover the tips and tricks of real estate investing that will help you achieve financial success!     [00:01 - 05:55] The Benefits of Bridge Loans in a Rising Interest Rate Environment Interest rate increases make deals harder to close, requiring extensions and additional capital raising Bridge loans allow for renovations and time to increase rent rates before refinancing or selling Rate caps provide insurance against floating interest rates on bridge loans   [05:56 - 11:57] Navigating the Upside and Downside of Interest Rates in Multifamily Real Estate Investing Distressed properties may arise as interest rates climb and monthly payments increase Capital calls are not a surefire way to save yield and can cause complications with IRA/401 payments The Dallas market is the second best in the nation for multifamily, including job growth and other metrics   [11:58 - 17:34] Closing Segment William warns listeners to be cautious of untrustworthy individuals in the industry Listeners can visit biggerpictureholdings.com and themoneytreerealestateinvestorpodcast.buzzsprout.com to learn more about William and his work     Tweetable Quotes: “I got to invest my own capital.” – William Holland    “You can't trust everybody in this industry, just like you can't trust everybody in your day-to-day life.” – William Holland    You can connect with William Holland through his: Email: biggerpictureholdings@gmail.com Social Media: LinkedIn   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.

Mention HUD financing to apartment syndicators a couple years ago…they would laugh at you. Today, many syndicators are not laughing. Those adjustable-rate loans need additional capital (like a fish needs water) from their limited partner investors to purchase expensive interest rate caps; so numerous syndicators are exploring different refinancing options. Fannie & Freddie are good options, but many syndicators are “changing the narrative” to hold the property longer until the market improves. A HUD loan could be a better option with a 35-year fixed term and lower debt service coverage to qualify. Listen to this important discussion on HUD financing in today's market. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker's Real Estate Syndication business with SPI Advisory LLC. Please leave us a 5 - STAR RATING on iTunes, if you enjoyed this podcast. We would appreciate that, thanks.

Today we'll be talking about the importance of creativity in real estate investing and how it can help you find and secure the funding you need for your next deal. We all know that real estate can be a lucrative investment, but it can also be a significant financial undertaking. That's where creativity comes in. One way to get creative in real estate is through finding innovative ways to fund your deals, and there are tons of different options to choose from. From traditional bank loans, to DSCR / NonQm, Bridge Loans, Hard Money and private money - there's no shortage of ways to secure the funds you need to buy that next property. To help us navigate this topic, we're joined by Robin Simon of Easy Street Capital. Robin is an experienced real estate investor and lender, and he's here to give us a crash course on the different ways to fund a real estate deal. Whether you're a seasoned pro or just starting out in the world of real estate, this episode is a must-listen for anyone looking to get creative and find the funding they need to succeed. So join us as we discuss the various funding options available to real estate investors and how to choose the best one for your needs. Links: Get in touch with Robin Simon: Robin@easystreetcap.com https://twitter.com/RobinSimonESC https://www.instagram.com/robinsimonesc/ Steadily - Insurance Built for Investors https://resilientrei.steadilypartner.com Signup for the Newsletter https://www.getrevue.co/profile/ResilientREI DealMachine (7 day free trial + 100 free skip traces or 25 free mailers): https://dealmachine.app.link/rrei Hemlane - Property Management Software for Remote Real Estate Investors https://www.hemlane.com/all-in-one-property-management?utm_source=Resilient-RE Contact / Advertising Inquiry https://resilient-rei.com/contact-advertise-inquiry/

What does a family do when faced with having to pay for a senior loved one to move into a senior care community? Emily Schwarz with ElderLife Financial joins Suzanne to talk about solving this financial conundrum, courtesy of MorningStar Senior Living. "A family might have a home to sell, maybe they're eligible for VA benefits, maybe they have a long-term-care insurance policy. They have ways to pay for the community of their choice, but they don't have the funds available today. What ElderLife does, when a family contacts us, is provide a free consultation and review everything that might be available to that senior, kind of like a financial aid office at a college or university, and will help them with resources to pay for the community that they want and need. "ElderLife Financial is a one-stop shop to help families understand their financial resources to pay for senior living. They speak with a financial concierge who will work with them from start to finish. And they go through a whole menu of things that a family could use to pay for their community. Selling a home, VA benefits, taking the maximum advantage of their long-term-care insurance policy. Maybe it's a reverse mortgage of one part of the couple's remaining at home, selling a life insurance policy, if they're gonna lapse it. And we also educate about tax deductions, and personal loans. So there are ways to pay for senior living that maybe the family's never thought of. "We help them with a loan that helps bridge the gap from the time the senior needs the care to the time the senior can afford the care. The Outer Life Bridge loan will actually allow the family to include moving expenses, perform home repairs, staging, whatever you need. We can provide those funds directly to family, and then we can also add in the initial senior living community fee. All of that can get rolled into the bridge loan, and then you don't have to ask a family member for that loan. When the home sells, you use the proceeds to pay off the loan, without having all those difficult family conversations." Suzanne describes the situation she had faced with her mom, who had to sell her house to pay for senior care, and having to go to a family member for a personal loan on her behalf to pay to get the house ready to sell, which was paid back from the proceeds of the house sale. Emily explains, "In your family situation, what we could have done is, we would have talked with your mom and we would have talked with you, and we would have established a line of credit for that, essentially a life bridge loan. We would have provided the money that she needed for however long it took to sell the home. We could provide the money that she needed to pay for the community, to bridge the gap between her social security and the cost of the community." Hear much more on today's podcast. For further information, call their financial concierge family line at 888-228-4500 or visit ElderLife Financial's website. Courtesy of MorningStar Senior Living. Lead image © Can Stock Photo / dolgachovSee omnystudio.com/listener for privacy information.

What does a family do when faced with having to pay for a senior loved one to move into a senior care community? Emily Schwarz with ElderLife Financial joins Suzanne to talk more about solving this financial conundrum, courtesy of MorningStar Senior Living. Emily says, “The last two years, we've been seeing homes fly off the market, so it was very easy for someone to decide they're moving into senior living, put their house on the market, and 30 days later they have the money. Now, this year has had the lowest number of new mortgage applications in 22 years. We all know interest rates are going up, so people that were trying to buy a home or thinking of buying their home have less buying power. So many of them are afraid to move out of that rental into a home purchase, and therefore seniors that are selling that home aren't able to sell it as quickly as they thought. And so we're trying to help families through that process, because when they need the care, they really need to be moving into the community. "ElderLife has the perfect solution for that, and we've been doing this since 2000. We've been helping families understand how to get funding to pay for their care. But it's even more important than for a long time in the recent past. So what we do is we offer a family an ElderLife Bridge loan, and what that Bridge loan will do is provide them funding to move into their community while their home is listed for sale. In fact, we can even provide the funds before it's listed. We know that, many times the children need to move mom and dad out of the home in order to get it ready for sale. We want them to get that top dollar, getting $10- or $50- or $100,000 more, because it's an empty home. Maybe a staged home, a re-painted, new-carpet home." Hear much more on today's podcast. For further information, call the concierge family line at 888-228-4500 or visit ElderLife Financial's website. Courtesy of MorningStar Senior Living. Lead image © Can Stock Photo / monkeybusinessSee omnystudio.com/listener for privacy information.

What does a family do when faced with having to pay for a senior loved one to move into a senior care community? In this segment, Emily Schwarz with ElderLife Financial joins Suzanne to share some success stories and various examples of ways that ElderLife has helped families, courtesy of MorningStar Senior Living. Emily says, "we recently had a family down in Florida that was looking for a bridge loan while their home was selling. So Mary had a $131,000 home to list and they needed to move into the community immediately. They reached out to the ElderLife Financial concierge, and within three days we were able to fund a bridge loan. They needed $5,000 a month for rent and care, and so we estimated that it would probably take about six months for that home to sell. Now, the great part about this is they listed their home for $131,000 and they actually received $146,000 for that home when it sold. How did that happen? Because they were able to fix up that home. I know we talked a lot about home repairs, and staging them, and having mom and dad out of the home. They ultimately got $15,000 more by utilizing our bridge loan. They were able to get top dollar, even in this tough real estate market, because the house was staged and in its tip-top shape, all repairs done. So I would think that's the one of the best case scenarios. That's what we see a lot, where families actually earn more for their home than they thought they would. "One thing people don't realize that we help with is existing residents. So if you are already living in senior living, or your mom's already living in senior living, and you never knew that ElderLife Financial existed, and you're struggling to pay that rent bill every month, because your home hasn't sold as fast as you thought, or your VA benefit is dragging along, you can contact ElderLife and we even provide bridge loans for existing residents. So before you start thinking about moving mom and dad out of the community, have a conversation with us. We also clear up arrearages. I just had a family in that situation. We've provided $25,000 to their community because they were in arrears. The next month, their house sold. They were able to pay it off, but they didn't have to be evicted. They were able to stay while they waited for that home to close." Listen to hear more examples of ways ElderLife Financial can help. Call their financial concierge family line at 888-228-4500 or visit ElderLife Financial's website. Courtesy of MorningStar Senior Living. Lead image © Can Stock Photo / FeverpitchedSee omnystudio.com/listener for privacy information.

This week's challenge: make a proper Zettelkasten.You can hear the after show and support Do By Friday on Patreon!------Edited by Alex Cox------Show LinksHow to Write a Morrissey Song ("Sing The Third") - YouTubeLin-Manuel Miranda Lip Bite | Know Your MemeTwitter: LexTwitter: GriffinBob Wachter on Twitter: "…moderate surge in SF…"How Cranbrook's Design Program Redefined How We Make and Talk About Graphic Design – Eye on DesignEmigre: MagazineCranbrook Style GuideHistory Of The FedEx Logo Design - Meaning & Evolution 2022Home | Paul Rand: Modernist Master 1914-1996Designculture • Massimo VignelliJan Tschichold : Design Is HistoryThe New Typography (Weimar and Now: German Cultural Criticism (Paperback)): Tschichold, Jan, McLean, Ruari, Kinross, Robin, Hendel, Richard: 9780520250123: Amazon.com: BooksJan Tschichold and the New TypographySwiss Style: The Principles, the Typefaces & the Designers – PRINT MagazineNo. 3236: The Humble Index CardGetting Started • Zettelkasten MethodThe Archive (macOS) • Zettelkasten MethodIntroduction to the Zettelkasten Method • Zettelkasten MethodFolgezettel • Zettelkasten Method(Recorded on Wednesday, November 30, 2022)

While the bridge loan financing channels seem to be drying up with the changing economic and business environment, there are certain other streams of financing real estate deals that are available for you. Check out the video to learn more about these options now. In real estate, your network is your net worth, attend our Live Events and network with the fellow investors and professionals: https://jakeandgino.com/mm5 About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $4,000,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/ More ways to engage with the Jake & Gino Investor Community: MM5: https://jakeandgino.com/mm5/ Rand Cares: https://jakeandgino.com/randcares/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com