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ASK MIKE MONDAYS: “DEFAULT INTEREST- A lending phrase you must learn!”
Manage episode 409942283 series 1181820
When a property fails, and the borrower stops making payments…that’s a problem for the lender and the borrower. What you may not know- is that when you stop making mortgage payments- this will cause the lender to accelerate your interest cost. Yikes!! In your loan documents there is specific language that aids the lender by increasing your current interest rate to over 20%.... Yes…it’s a huge jump that goes from BAD to WORST immediately. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.
524 afleveringen
ASK MIKE MONDAYS: “DEFAULT INTEREST- A lending phrase you must learn!”
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Manage episode 409942283 series 1181820
When a property fails, and the borrower stops making payments…that’s a problem for the lender and the borrower. What you may not know- is that when you stop making mortgage payments- this will cause the lender to accelerate your interest cost. Yikes!! In your loan documents there is specific language that aids the lender by increasing your current interest rate to over 20%.... Yes…it’s a huge jump that goes from BAD to WORST immediately. Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion; Please leave us a 5-STAR RATING on iTunes.
524 afleveringen
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1 EPS 317 - Meet the Dynamic Duo Behind the Apartment Investment Revolution: Corey & Candice Muldrow 38:58
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1 EPS 316 - DFW is one of the top 1-2 institutional markets in the nation. Why are THESE buyers flocking to North Texas? 42:18
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1 EPS 313 - “Maximize Your Returns: Why Investing in a 12- Unit Apartment Building Can Boost Your Real Estate Portfolio!” 36:42
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1 EPS 311 - The ZERO to ONE Challenge. Buying your first large apartment building. Can YOU do this? 47:00
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1 EPS 308 - Where do you make money at these days? War Fighter and Top Apartment Broker; Mark Allen chats about the North Texas market. 31:40
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