Mike Taravella interviews Darryl Boukedes of CBRE.
Key Information:
Bridge Loans: A bridge loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation.
Do not wait until you have the property under contract before discussing financing quotes with lenders. Start developing relationships with early.
Fannie Mae has stopped requiring 18 months of principal and interest reserves. Freddie Mac has reduced their reserve requirements.
Investor Pro Tip “Focus on one geographic area and build relationships”
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