Starting a business comes with its fair share of challenges, even more when we talk about getting into the world of Real Estate. But with any business, there is one challenge that always stands out: FINANCING.

In this episode, our guest gives a rundown of how they give the best experiences for their clients in terms of providing the necessary financing for their multifamily investments.

David Frasz is a direct multifamily loan originator for Lument Capital, responsible for originating multifamily loans across the US, primarily Fannie Mae, Freddie Mac, and FHA/HUD. As one of the select group of lenders licensed to offer non-recourse Agency Financing. Lument is also one of the largest and has built its reputation of excellence on integrity, speed, and certainty of execution. With Lument resources behind him, David is acutely focused on building strong relationships with clients to help them achieve their investment goals with a first-class financing experience.

[00:01 – 0:0] Who is David Frasz?

• I talked about valuable information that you can take advantage of in this episode
• I introduce and give a brief background about our guest, David Frasz
• David talks about his background
• How he found himself in the world of real estate investing

[06:45 – 25:06] Single Family and Multifamily Financing

• The main differences between a single family loan from a multifamily loan
• Guidelines they follow for specific financing deals
• Residential and commercial financing
• David goes over how they evaluate applicants if they qualify for their financing
• Interest rates in residential and commercial
• Capital markets

[25:07 – 31:42] Enter, Covid-19

• How Covid has affected their financing deals
• David’s thoughts on the future of their industry and the economy as a whole with uncertainties brought by Covid

[31:43 – 39:51] Plans moving forward

• David’s focus moving forward as a lender
• Worst/Best ways people can approach David and try to work with him
• The best part of David’s job
• Connect with David
• See Links Below
• Watch out for part 2!

Tweetable Quotes:

“We’re not lending to people who don’t have any idea what it’s like to have an asset or liability of a certain magnitude.” - David Frasz 

“From what I understand, As long as there are headwinds and uncertainties ahead of us, with no vaccine that’s widely distributed, with the pandemic still out there, it’s still dangerous for people and also for business.” - David Frasz

Resources Mentioned:

• Lument Capital

Connect with David on Linkedin

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