RCRE - Lending Environment Update with Mitchell Stogner

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5 • 831 Ratings

🗓️ 8 April 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and co host Will Coleman interview Mitchell Stogner, a Vice President at Arbor Realty Trust Key Information: Make sure your broker has a network of heavy hitting lenders. It’s not business as usual but Freddie and Fannie are still originating. The need for lending is still there. Due to the impact of COVID-19 lenders are pulling back on leverage. While it is all subject to the deal and the sponsor a 5% reduction in leverage is generally what is being seen across the board. Principle and Interest reserves are changing daily however right now any deal after March 25th is requiring a minimum of 6 months Principle, Interest, and Taxes and Insurance in reserves. Mitch is seeing approx. 90% of these deals only requiring Principle and Interest reserves. Majority of borrowers right now are negotiation extensions with their contracts. Lenders right now are underwriting more in depth and reducing leverage, however Mitch is still producing and deals are still getting done. Expert Pro Tip: Focus on the people that are going to bat for you and are willing to work with you to get these deals done. Contact Information: [email protected] To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ 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.
0:07.0	What is going on everyone? Mike Tarvella here to bring you the RANCRE show with my co-host, Will Coleman. Will, how's everything going today?
0:18.0	Things are going good. Just running the marathon one step at a time and excited to have our guests on the show today. Yeah, how's everything going today? Things are going good. Just running the marathon one step
0:21.3	at a time and excited to have our guests on the show today. Yeah, before we get started,
0:25.9	you know, the show is sponsored by RANCRE. We're a vertically integrated firm that helps
0:30.8	passive investors find more real estate deals and also helping our active investors financing deals.
0:37.2	So if you have any questions,
0:38.7	please reach out to us at rancore.com. So Will, how about you intro our all-star guests today?
0:45.3	Yep. So some of you might recognize this name. The guest today is Mitchell Stogner. He's a
0:50.4	vice president for Arbor Realty Trust. He's responsible for originating all of Arbor's loan offerings,
0:55.7	including Fannie Mae, Freddie Mac, FHA, SFR portfolios,
1:00.6	CNBS, Bridge, Mezzanine, and preferred equity transactions.
1:04.8	So very experienced in the commercial mortgage world.
1:07.3	We're very excited to have Mitch on the show today.
1:09.2	Mitch, how's it going?
1:10.8	Good, man. I appreciate you guys having me. Awesome. So last time we had you on, a few things
1:15.8	have changed. You received a fantastic opportunity over at Arbor. So if you could, you know,
1:21.0	share some light on the opportunity that you received and kind of where you're at now.
1:25.8	Yeah. So, you know, it was one of those situations where you can't turn it down,
1:33.1	but also it was sad to step away from something that, you know,
1:38.5	I cared so much about that being the RAN fam.
1:40.8	And, you know, in some capacity, I feel like i'm still very much a part of what you guys
	...

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