Are you curious about how credit unions are changing the lending landscape? In this episode, Mark Ritter shares his expertise on how credit unions can benefit real estate investors. He discusses how people are starting to move back to urban areas, leading to a leveling out between major urban and suburban areas. Mark advises borrowers who anticipate stress in their portfolio to talk with their lenders before falling behind on payments and touches on the risks associated with large, single-tenant office spaces in today’s remote work environment. This episode is packed full of insights into current trends and challenges facing real estate investors today. Tune in to learn how credit unions can be an excellent option for your next investment property!
Mark Ritter is the CEO of MBFS and an expert in all things credit unions. MBFS is owned by 13 credit unions and works with over 90 credit unions to bring together real estate investors and their credit union partners.
[00:01 - 08:37] Opening Segment
• CEO of MBFS, Mark Ritter, discusses credit unions and their role in real estate investing
• How credit unions prioritize relationships and offer fair, accurate, and friendly terms and conditions
• Having conversations with investors to create a structure that makes sense for both parties
[08:38 - 17:20] Credit Unions Shift Towards Community-Oriented Lending
• Credit unions have become more broad-based and community-oriented compared to the past
• How inflation has put pressure on depository financial institutions for liquidity needs
• Housing continues to be tight, especially in areas where populations have boomed
• Micro-level market analysis is essential when considering property acquisition or refinancing
[17:21 - 25:56] Potential Risks in Commercial Real Estate Market
• Urban areas are seeing a leveling out with suburban and smaller city areas
• When shopping for a lender, understand their financials and liquidity position
• If anticipating loan payment stress, talk to your lender face-to-face before delinquency
[25:57 - 29:27] Closing Segment
• Large single-tenant office spaces pose the most risk in today’s market
• Tenant diversity is vital in minimizing vacancy risk in commercial properties
Connect with Mark:
Website: MBFS
LinkedIn: Mark Ritter
Key Quotes:
“If you’re rich and have good credit and your portfolio’s perfect, you can walk in anywhere and get money.” - Mark Ritter
“Our success is dependent on you succeeding.” - Mark Ritter
“We want to make sure that the structure and the deal makes sense for now and in the future.” - Mark Ritter
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Or send me an email at sujata@luxe-cap.com
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