Alternatives to Bridge Loan Financing | Multifamily Investing Strategies

Jake and Gino Real Estate Entrepreneurs

Jake & Gino

Apartmentinvesting, Jakeandgino, Commercialrealestateinvesting, Makingmoney, Multifamilyrealestateinvesting, Investingsmart, Investing, Buyingapartmentbuildings, Buyingrealestate, Realestateinvesting, Realestateinvestment, Business, Cashflow, Smartinvesting

5 • 831 Ratings

🗓️ 1 August 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

While the bridge loan financing channels seem to be drying up with the changing economic and business environment, there are certain other streams of financing real estate deals that are available for you. Check out the video to learn more about these options now. In real estate, your network is your net worth, attend our Live Events and network with the fellow investors and professionals: https://jakeandgino.com/mm5 About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $4,000,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/ More ways to engage with the Jake & Gino Investor Community: MM5: https://jakeandgino.com/mm5/ Rand Cares: https://jakeandgino.com/randcares/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com

Transcript

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0:00.0	So the 80% loan to cost bridge debt is dried up?
0:04.2	Jito, what do we do now? Hello,
0:55.8	Hello, Jake and Gino here, and today we're discussing what to do now that the cheap bridge debt of 2021 has dried up. Gang, we saw high demand for multifamily in 2021. The cheap bridge debt was a huge factor in driving up the asset prices. Syndicators were acquiring properties with low interest rate, non-recourse,
1:02.0	80% loan-to-cost bridge debt in hopes of riding the historic rental wave increases that we've seen across the board. Now, Fannie and Freddie were requiring 65 to 70% LTV loan to value on
1:09.0	these same deals. So groups were opting for the short-term
1:13.5	bridge debt as an alternative financing option. Now, Gino, myself, we lost many deals to groups
1:21.0	that were willing to take the higher price per unit and utilize these bridge programs to
1:26.2	secure the deal. Gino, first off, welcome back
1:28.6	from Hawaii, sir. How you doing? Jake, doing great today. And big shout out to Vince Gettings and
1:33.9	Duran. Rare, they had an awesome event this past week in Hawaii, millionaire mindset. And for everyone
1:40.0	out there, you need to go out to these events. There's over 200 investors out there. And Jake and I are having
1:44.6	an event November 5th and 6th in Orlando, the financial vacation for smart people. And what did I
1:50.2	learned about this event? I actually sat next to a billionaire on Saturday night, sat next to him at the
1:55.5	VIP. It's all about access. It's all about networking. It's all about learning. What's going on
1:59.8	in the current market. I was actually speaking to him about his family, getting to know him real
2:03.4	better. I made a great connection. I enjoyed myself, the networking, the ability to create these
2:08.2	relationships. And like I said, I was a speaker at the event. And I got to meet a lot of amazing
2:12.6	people out there, a lot of military who are retiring, they're getting out of the military. They want to start another career.
2:19.1	So for all of you out there, once again, I stress, go to these events. This is how you start building your portfolio.
2:24.7	This is how you start learning about bridge debt and about what's going on in the market right now, getting out there and getting face to face.
2:31.2	My question specifically for you, G, Papa Funk.
2:34.7	With everything I just said,
	...

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