Hello and welcome. My name is Gino Barbera, one of the co-founders of Jake and Gino. And in this how-to

video, we are going to be discussing questions that a limited partner needs to ask a general partner

or a sponsor of a deal when it pertains to the debt or to the financing. So if you're looking to

avoid the mistakes that passive investors

and real estate active investors have made over the last two years when it comes to financing,

you need to stay tuned to this show. At Jake and Gino, we like to say buy right, manage right,

and finance right. Now, there's nothing wrong with short-term

bridge financing if you understand how to use it and if your exit strategy applies and you can

actually say to yourself, well, I need to get out of this deal in the next two years and I can

make it happen. What we saw over the previous

few years is that people got into bridge debt. They had no experience or limited experience.

They had no systems. They got in when the interest rates were low. They didn't expect interest

rates to skyrocket. One of the ways that you out of business

in multifamily in real estate is you run out of time. And that's what's happening right now. There

are vast opportunities right now in the market. And that's why to me this is this video is so

important because if you're a passive investor, you've never invested in real estate. And this

really pertains to active investors, whether you're a GP, whether you're a sponsor, whether you've never invested in real estate, and this really pertains to active

investors, whether you're a GP, whether you're a sponsor, or whether you're doing your deals for

yourself, it's really important to understand the financing side of it. So what's the first question,

you know, to ask. When you're looking at a deal, ask what's the principal loan on the deal?

How much debt are we taking out on the deal? It's important. What's the LTV in corresponding to the deal? Now, it's really interesting with loan

to value because when Jake and I started, man, we were getting 80% LTVs every day of the week

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