Based in Texas, Tony Talamas works for a direct, non-recourse multifamily lender, Hunt Real Estate Capital. Hunt is a one-stop shop / direct lender for Fannie Mae and Freddie Mac mortgages starting at $1 million to over $20 million – nationwide.
What you'll learn about in this episode:
- How Tony got into lending and financial services, and what roles he has fulfilled in his career in the industry
- How Hunt Real Estate Capital are one of the only lenders licensed by both Fannie Mae and Freddie Mac
- What ranges of loan amounts are considered "small balance loans" under Freddie Mac and Fannie Mae
- Why one of the first steps Tony takes is to evaluate a property and determine if Fannie or Freddie is going to be the better option
- What Hunt Real Estate Capital looks for in a borrower, and why operating history is an important part of the equation
- How Tony works to get his clients the best deal possible and to best match the loan terms to the property
- Why Tony tries to be flexible with the rule-of-thumb requirements he's looking for, taking circumstances into account when possible
- What net worth, liquidity and other requirements Tony looks at when evaluating a borrower for a loan, by the numbers
- What level of experience Tony looks for, and his recommendations for how to show a lender you know what you're doing
- How to contact Tony with any questions, or to have him evaluate your needs and determine if Hunt Real Estate Capital is a great fit
Notes and changes:
- Hunt Mortgage Group (HMG) is now Hunt Real Estate Capital (HREC)
- The minimum loan amount is $1 million.
- Freddie Mac SBL will now go up to $7.5 million, for up to 100 units, up from 75 units
- Rates: Recorded December 2017
