ASK MIKE MONDAYS - Ive been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
b'
Both Fannie Mae and Freddie Mac need someone or a few folks, within the investment group, to become the fiduciary on behalf of the partnership. They typically want a natural person to sign a \\u201cguaranty\\u201d between the lender and the partnership for a non-recourse loan. Michael explains some of the benefits and concerns if you sign on behalf of the borrowing partnership.
'