COVID 19 Impact on Multifamily Financing - Market Update and Top 10 Questions

Update on collections as of April 15th and on multifamily financing (forbearance and new debt). I also answer top 10 questions we received from over 750 multifamily investors on a recent webinar.

1) What are current interest rates on loans?
2) What determines size of interest reserve? LTV, Loan size, etc.? How long will they last?
3) Is interest only still available?
4) Has Freddie SBL changed their lending guidelines?
5) Any update on SBA loans for apartment owners?
6) Are you expecting an increase in cap rates for Class B & C Apartments?
7) What would you look for if you were a buyer?
8) Which multifamily properties are taking the biggest hit in current downturn?
9) How do you deal with your lender if having to ask for forbearance?
10) How often are you communicating with lenders?

You can reach James Eng at:
jeng@oldcapitallending.com
214-300-5035

Recent deals closed:
http://www.txmultifamily.com/

Multifamily Financing 101 Webinar: https://www.youtube.com/watch?v=0RKpsg-G1TY