EP. 220 Jason Schaller: Multifamily Syndication

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Multifamily Syndication

Today we talk with Jason Schaller, founder of the Schaller Group in Winter Park FL, about multifamily syndication in the central Florida market. Jason spent a lifetime learning construction, redevelopment, due diligence, inspection, marketing, and branding, and he has now put all that knowledge to work with his own company, The Schaller Group, which syndicates multifamily investments and provides outside consulting and advisory services for owners and investors nationally.

Key Discussion Points

[01:03] Opening remarks by Eric Odum and Steven Silverman
[05:24] About our guest: Jason Schaller
[11:44] For your syndications, are you looking specifically in the Winter Park Orlando market or are you looking anywhere?
[12:44] With multifamily being a tight market, how are you finding your deals?
[14:07] Are you still doing consulting on refits and remodels…people wanting to purchase?
[14:41] Do you do any ground-up development?
[15:43] Is it even possible to build Workforce Housing in this market?
[18:02] What does your financing look like on these development deals? Do you go through bank financing? Freddie Mac?
[18:58] How do you handle student housing vs workforce housing or traditional class B apartments
[21:32] Where do you see cap rates headed?
[27:24] How do you structure your syndications?
[29:38] Do you use someone locally to do your syndication packages?
[31:11] What is your strategy for branding and reworking properties to add value for investors?
[36:41] How can folks contact you?
[37:46] Closing comments by Eric & Steven

 

About our Guest

Jason_Schaller_500pxJason Schaller is founder of the Schaller Group, based in Winter Park, FL. The Schaller Group is a forward-thinking design, construction and real estate company focused on the redevelopment of Multifamily, Hospitality and Commercial assets. The Schaller Group syndicates multifamily investments and provides outside consulting and advisory services relating to design, construction, due-diligence, marketing, branding, sales and asset management for owners and investors nationally.

 

CONTACT INFO for Jason Schaller

Phone number: 313.670.9020
LinkedIn: Jason Schaller

EP. 219 Andrew LaSalla II: Multifamily Construction Loans

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Multifamily Construction Loans

Even before the COVID crisis, Florida had a strong natural growth which has driven up real estate prices. Now during COVID, that growth is intensifying as people are fleeing intensely populated metropolitan areas from other states and flocking to Florida. Financing is therefore, playing a more and more important role, and with current rates so low, we can expect a lot of new construction to fill the demand.

Today we talk with Andrew LaSalla II, Principal with LSG Lending Advisors, about the process for someone to move forward on a multifamily construction deal, specifically the HUD 221(d)(4) new construction & substantial rehabilitation loan for multifamily properties.

Key Discussion Points

[01:05] Opening remarks by Eric Odum and Steven Silverman
[05:00] About our guest: Andrew LaSalla II
[05:54] Give us an overview of what’s going on in the agency market right now
[07:21] What is the criteria to do one of these loans?
[08:38] What does the structure of the HUD 221 (d)(4) loan look like?
[09:36] What is the timeframe for these loan deals?
[10:04] How should people best position themselves to get one of these HUD construction loans?
[12:40] For a standard $15M loan on a multifamily investment, what does that structure look like (Fannie or Freddie)
[15:17] At what stage should someone get involved with you when they’re looking to finance?
[16:28] How can folks contact you if they want to refinance or get inolved with new construction?
[17:39] Closing comments by Eric & Steven

 

About our Guest

AndyLaSalla_2018A
Andrew LaSalla II is a Principal at LSG Lending Advisors.  Andrew guides clients in navigating the loan process in a simple, transparent manner, so that the loans close at the lowest rates and the best terms.

 

CONTACT INFO

Cell:  216-645-9816
Email: andrew@lsglendingadvisors.com