Raising Money for Multifamily Properties for Beginners
By Terry Painter/Mortgage Banker, Author of “The Encyclopedia of Commercial Real Estate Advice”, Wiley Publishers. Member of The Forbes Business Council
I am a commercial mortgage banker. Every so often someone applies for an apartment building loan with me that is almost flat broke and has no multifamily ownership experience. So I tell them, “Oh, so you want me to lend you over a million dollars and you don’t have any experience - and you want me to take 100% of the risk?”
“Don’t worry about that, they say. I... Read More
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