JF1208: How To Find The BEST EVER Commercial Loans with Austin Peek

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 23 December 2017

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we will get a breakdown of commercial loans and lenders. Austin has originated over $60 million in commercial mortgage loans since founding RiverStone RECAP four years ago. He’ll tell us the difference between a bank loan vs. CMBS (commercial mortgage backed security) and CMBS vs. life insurance companies. We also get great advice on vetting your mortgage broker. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There’s a lot of sketchy finance guys with hard money that are trying to screw the owners.” - Austin Peek Austin Peek Background: - Founder & Principal of RiverStone RECAP, a CRE mortgage firm - Started RSR 4 years ago and he’s originated over $60MM in commercial mortgage loans across the country - Recently launched a podcast: Millionaire Interviews - Based in Jacksonville, Florida - Say hi to him at: https://millionaire-interviews.com/best-ever to get the FREE quote matrix and CRE Lender List - Best Ever Book: The Real Estate Game Made Possible Because of Our Best Ever Sponsors: Are you looking for a way to increase your overall profits by reducing your loan payments to the bank? Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings. Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	Make sure you read the loan docs and understand what you're really getting yourself into.
1:09.2	With Google out there, you can kind of Google all the ups and downs and I would just make sure you do your research.
1:15.0	Best ever listeners before we jump into today's episode.
1:18.0	For all my fix and flippers out there are your financing costs eating away at your bottom line and are you looking for a way to
1:24.6	increase your overall profits by lowering your loan payments to the bank or
1:29.6	maybe your private lender well our best ever sponsor, Patch of Land, you know Patch of Land, they've
1:36.0	been on the show. Representatives of their company have been on the show many times. They've
1:40.4	been a sponsor of this show many, many times. They're back for more because they love you and they love working with the best ever listeners and they've got an interesting point of view on interest rates and that is that it's
1:57.2	the interest rates that we are quoted shouldn't necessarily be taken at face value because perhaps a higher interest rate could actually
2:06.4	deliver a lower cost to your fixed and flipped loan.
2:10.6	And they have a white paper on how that is possible and how that can be applied to your
	...

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