equity Archives - Real Estate Investing in Florida

Trying to make sense of the real estate lending market?

For the uninitiated investor trying to make sense of real estate lending and financing options, it came seem like a lot to take on. There are a lot of factors that play into the overall conditions of the real estate lending market. The MBA conference is a great way for you to get a gauge on current lending conditions and alternative financing options as well as an idea of what you can expect to see coming down the road via legislative and regulatory changes.

If you can’t attend these conference, that’s okay! Each year, we talk with an industry insider who attended the conference to bring you key takeaways and insights into the world of real estate lending.

This episode, we talk with Casey Siggins, a loan origination expert with Franklin Street specializing in real estate debt and equity. Casey gives us his takeaway from the conference and we discuss what’s going on with the big players: agency debt, CMBS, and bank loans. We also talk alternative financing and lending options as well as construction loans.

About Our Guest:

Casey Siggins is the Director of Loan Origination with Franklin Street Capital Advisors. Casey specializes in the origination of debt and equity for all income-producing properties. Previously a Senior Analyst with Franklin Street, Casey assisted in the transactions of more than $200 million in assets. Casey is actively involved with the Tampa Bay real estate investing community.

You can reach Casey directly at casey.siggins@FranklinST.com or by calling his office at (813) 397-1638. You can find out more about services offered by Franklin Street through their website.

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Joe Fairless bought his first single-family investment properties in his home state of Texas after leaving a successful, but unrewarding career in advertising. After finding that multi-family investing offered greater returns and less inventory, he began making the transition to multi-family investing.

His first deal was managed through unconventional measures. Lacking the standing as a seasoned multi-family investor, Joe incorporated non-traditional, creative equity solutions for obtaining capital for his first 168-unit apartment complex in Cincinnati, Ohio. Now founder of Fairless Investments, Joe controls millions of dollars in multi-family investment properties. Joe shares his experience in multi-family investing and provides tips for securing capital through creative equity methods.

Challenges for Single-Family Investors
- Lack of credibility in multi-family markets
- Traditional lending and private financing may be difficult to attain
Network Personal Contacts
- This is a good practice for single-family investors to find financing by networking personal relationships for interest in multi-family investing
Strategic Networking
- Network and affiliate with organizations that may not be lenders but have cash flow or may have eye towards investing
  - i.e. philanthropic organizations, community foundations, business groups
Establish Investment Base First
- This does not mean a blind-fund or requirement of prior monetary investment
- Form verbal contract with investors based on shared financial goals
- Pursue investment opportunities that suit shared criteria
Structuring Deal With Investors
- Preferred returns – investors get cash from deal before yourself
- Acquisition fees
- Performance hurdles
- Post-sale incentives
Tips
- Make yourself attractive to lenders and investors
- Know the market, know the deal
- Investing is starting a small business; structure so that you may sell that business. Don’t get tied down to an investment