In this episode, I had the opportunity to sit down and discuss debt financing for a multifamily deal and how to secure a construction loan with Joe Donlevy.  Joe the principal at Filmore Capital.  Joe focuses on commercial real estate lending among other things.  Joe has over 20 years of experience working with business owners and commercial real estate investors. 

On this show, we discussed some of the mechanisms of getting a construction loan for a multifamily deal.  We also discussed the Loan-to-Value (LTV) requirements for different lenders and the difference between recourse and nonrecourse loans.  In the last part of the show, we touched on loan guarantors and discussed the current leading environment for multifamily deals. 

As always, you can download the free guide of the 8 fundamental steps of the ground-up multifamily development at woodframeddevelopment.com.  Today’s show is part of step #6 – financing. 

Please, join me to learn more about how to structure debt financing for a multifamily deal and understand the current lending challenges.  I hope you enjoy the show!  

On this episode, I had the opportunity to sit down and discussed the legal due diligence process for a multifamily deal with Will Hodge.  Will Hodge is an attorney at McMillan PLLC.  McMillan has office in Charlotte, NC and Charleston, SC and especially in Commercial Real Estate amount other practice areas. 

On this show, we discussed some of the fundamental due diligence aspects of closing on a piece of land.  We discussed the importance of title search, survey review and analysis, and touched on title commitments, endorsements, and easements. 

For reference, you can download the free guide (8 fundamental steps of the ground-up multifamily development) at Woodframeddevelopment.com.

Please, join me to learn more about the legal due diligence process that takes places prior closing on a piece of land.  I hope you enjoy the show! 

On this episode, I had the opportunity to sit down and discussed the multifamily preconstruction process with Tim Marsh.  Tim Marsh is the Director of Preconstruction at Mill Creek for the Charlotte office.  Mill Creek is a national multifamily Owner/Developer/Builder with 41,000 units under management. 

On this show, we discussed the importance of having a strong preconstruction process including getting the General Contractor early on the design process.  We also discussed the GMP and what is included in this document from allowances, value engineering, contingency, and construction schedule. 

Please, join me to learn more about the biding process for a multifamily development project.  I hope you enjoy the show!