January 31, 2019

Multifamily, Fannie and Freddie, with Tony Talamas

Episode 3: Multifamily, Fannie and Freddie

Based in Texas, Tony Talamas works for a direct, non-recourse multifamily lender, Hunt Real Estate Capital. Hunt is a one-stop shop / direct lender for Fannie Mae and Freddie Mac mortgages starting at $1 million to over $20 million – nationwide.

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What you’ll learn about in this episode:

  • How Tony got into lending and financial services, and what roles he has fulfilled in his career in the industry
  • How Hunt Real Estate Capital are one of the only lenders licensed by both Fannie Mae and Freddie Mac
  • What ranges of loan amounts are considered “small balance loans” under Freddie Mac and Fannie Mae
  • Why one of the first steps Tony takes is to evaluate a property and determine if Fannie or Freddie is going to be the better option
  • What Hunt Real Estate Capital looks for in a borrower, and why operating history is an important part of the equation
  • How Tony works to get his clients the best deal possible and to best match the loan terms to the property
  • Why Tony tries to be flexible with the rule-of-thumb requirements he’s looking for, taking circumstances into account when possible
  • What net worth, liquidity and other requirements Tony looks at when evaluating a borrower for a loan, by the numbers
  • What level of experience Tony looks for, and his recommendations for how to show a lender you know what you’re doing
  • How to contact Tony with any questions, or to have him evaluate your needs and determine if Hunt Real Estate Capital is a great fit

Notes and changes:

  • Hunt Mortgage Group (HMG) is now Hunt Real Estate Capital (HREC)
  • The minimum loan amount is $1 million.
  • Freddie Mac SBL will now go up to $7.5 million, for up to 100 units, up from 75 units
  • Rates: Recorded December 2017

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*As with all of our episodes, terms and conditions may change over time, contact this lender for current rates and terms.