Title: Multifamily Lending Space with Clay Allen
Clay Allen is a Senior Director in the Atlanta office for Old Capital. With over 20 years of commercial real estate experience, Clay is focused on providing debt & equity solutions to his clients nationwide.
Prior to joining Old Capital, Clay asset managed a $1.5B portfolio of multifamily assets, totaling nearly 10,000 units across several major southeastern markets. He has also spent several years with regional banks and GE Capital where he underwrote portfolio and CMBS debt, as well as joint-venture equity investments.
Let’s tune in to his story!
[00:01 - 03:34] Opening Segment
[03:35 - 15:00] Agency and Lending Debt
[15:01 - 18:16] Refreshing the Basics
[18:17 - 19:57] Closing Segment
Tweetable Quotes
“If any of your listeners are going out looking to buy deals today, just know that it's always a risk that you run in any market that you will have a refinance scenario in fairly short order.” - Clay Allen
“So what happens if the market kind of falls out and lenders are saying, you know, I'm pulling back, what does it look like to try to refinance your property in three years at a 70% loan-to-value or even worse, 65% loan to value? Are you writing a check? Are you coming out of pocket? Are you doing a capital call for your investors?
Those are the kind of things that kind of would keep me up at night. If I were closing in this market.” - Clay Allen
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Reach Old Capital lending’s website website@wwwdotoldcapitallending.com
Send Clay an email and reach him through callen@oldcapitallending.com and 678.357.2631
Sign up for Atlanta Multifamily Investors
https://clayallenatl.lpages.co/atlanta-multifamily-investors-sign-up/
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