How to Build Relationships with Lenders with Darryl Boukedes

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 3 July 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella interviews Darryl Boukedes of CBRE. Key Information: Bridge Loans: A bridge loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation. Do not wait until you have the property under contract before discussing financing quotes with lenders. Start developing relationships with early. Fannie Mae has stopped requiring 18 months of principal and interest reserves. Freddie Mac has reduced their reserve requirements. Investor Pro Tip “Focus on one geographic area and build relationships” Contact Information: Cell: (704) 350-5072 darryl.boukedes@cbre.com To register to invest with us: https://jandg.activehosted.com/f/58 Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's LinkedIn: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RAND CRA show, commercial real estate with no stone left unturned.
0:09.7	Hey, everyone, welcome to the RANDCRE show.
0:13.8	I'm your host, Mike Taravella, and today I have Darrell Bucettys.
0:18.5	He's the senior VP of CBRE, a phenomenal firm with over 15 years
0:24.2	of commercial real estate lending experience. Daryl, thank you so much for being on the show.
0:29.5	How's it going today? It's going good. It's a busy day, which we always like. You know,
0:35.4	that means we're... Busy is definitely in this business. Busy is definitely good.
0:39.6	It makes the time go by and it means we're doing deals.
0:43.2	Yeah, absolutely.
0:44.4	And you're making sure our buddy Marshall Friedman staying out of trouble.
0:47.5	So I know that can be a full-time job.
0:48.8	Well, that is a full-time job.
0:50.1	Yeah, that is indeed a full-time job. So, Derr would love to hear kind of more about, obviously, CBRE in your background and just kind of what, you know, we've were talking before, but just the difference that you guys have as a firm and industry and then.
1:07.8	Sure. Well, so CBRE, you know, we're the, the largest multifamily lender in the market.
1:12.5	And we have been Freddie Mac's largest seller servicer for the last, I want to say 13, 14 years running.
1:21.2	Last year, I think we closed over 14 billion with Freddie Mac alone. So not only are we the largest seller servicer as a whole, but we're also the largest
1:32.4	seller servicer in the different loan categories, such as student housing or assisted
1:38.3	living things of that nature.
1:40.1	So we have been for quite some time.
1:43.4	We are also Freddie Mac's largest small balance lender, the SBL program.
1:50.0	And we have been for the last four out of the last five years.
1:54.1	So even during COVID of last year, we were the only seller service sort of top of a billion in closings under the SBL program. And that margin
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