When you are planning to purchase or invest in a multifamily unit, it is best to get the right financing for it. One option that is available for you to tap is through the government-sponsored enterprises, Fannie Mae and Freddie Mac. In this episode, we speak to Drew Senulis of Patel Gaines and he tells us everything we need to know when dealing with Fannie Mae and Freddie Mac.
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Drew says it is important to set realistic terms and realistic timeframes. Drew emphasizes how talking with other operators and also the lenders will be valuable to you as an investor. He also talks about the pros and cons of agency debt, the legal considerations, and even the reason why people fail in getting an agency debt. Listen now!
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