Mike Taravella and Will Coleman interview Bill Ham of Broadwell Property Group.
Current Lending Criteria:
- Decreased LTV
- Qualified borrowers
- Higher reserve requirements
Creative Financing: Lenders tighten their lending standards during declining or recessionary market cycles. When this happens, debt becomes more expensive and new opportunities for creative financing emerge.
Capex Tsunami: As class C assets continue to age, many of these types of properties will require a purchase price and capital expenditures than exceed the value of the property.
Expert Pro Tip: “Don’t be afraid of failure”
Creative Cash – https://amz.run/4HAj
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