Episode 9: Multifamily Financing Update, with Jeremy Nussbaum - Walker & Dunlop
Release Date: 08/12/2020
Creative Real Estate Podcast
Veena Jetti, founder of Vive Funds is our special guest for this episode. She currently owns/manages over 2400 apartments with a total value in excess of $350M+. Their primary markets are TX & FL.
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In our 9th Episode, I have the fortune of interviewing Jeremy Nussbaum from Walker & Dunlop - one of the largest commercial real estate finance companies in the US.
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Kyle Palmer, Investment Sales at Walker Dunlop:
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In this episode we discuss Oliver's Journey into Multifamily Real Estate, his beliefs systems & tips for managing construction risk and how he finds true value!
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Yair Tilson, founder of Pancho Finance, a real estate capital advisory firm, shares his thoughts on the effects of COVID-19 in the Real Estate markets from a macro lens, as well as the effects it will have on the capital stack for owner/operators & investors day to day.
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Core Realty Holdings Management is focused on multi-family and light industrial properties targeting specific areas because they believe in long term needs and prospects for those categories. Obviously, housing and the ability to provide flexibility for so many people and important is focusing on sectors that are resistant to technological innovation.
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I’m intentional about identifying opportunities with a variety of strategies, developing relationships with the stakeholders, underwriting deals and driving them through the closing process for personal & 3rd party acquisitions that suit each group’s unique objectives.
info_outlineIn our 9th Episode, I have the fortune of interviewing Jeremy Nussbaum from Walker & Dunlop - one of the largest commercial real estate finance companies in the US.
We got to cover:
- How Jeremy got into the financing market
- Current Market Environment Post-COVID
- Which sectors have been star performers
- Changes lenders should be aware of with debt originations? (reserves requirements etc)
- Current Valuations - has the agency environment changed their view of property valuations on assets?
- Have you noticed any changes in debt covenants or sponsor requirements?
- How many clients have been making use of forbearance and what the process has been like?
- How Walker & Dunlop's balance sheet financing works & where it fits into the business
- Where he sees the most value in the market right now, when it comes to lending terms?
- Interest Rate
- LTV
- Term & Amort
- IO
- His thoughts on if the market is going to face some severe struggles & whether there will be good deals in the near/medium term
- Learnings from his time in the industry
- What are your top 3-4 pieces of information to look for when getting comfortable with a market and submarket?
- What’s the 2 Most important things you've learnt when it comes to financing being in the industry?
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