Nick Schoch's pictureNick Schoch - Apartment Loan Advisor


I write articles on a regular basis for commercial real estate publications. You can see copies of these articles below.

These articles are available for reprint under the Creative Commons license: Attribution-ShareAlike 2.0 Generic.

Financing Your Apartment Building in 7 Steps

The easiest loans are permanent mortgages on stabilized multifamily properties, especially if it is a low leverage request (loan-to-value no greater than 60% and debt service coverage of at least 1.30x). If your loan request looks like that, lenders will be eager to lend on your property. This makes the job of finding a loan much easier. So easy that you may not need a commercial mortgage broker’s assistance to place your loan. If you’re interested in do-it-yourself financing, here are the basic steps of the process to follow.

5 Simple Elements for Your Real Estate Portfolio Legacy

Reviewing your portfolio of investment properties should provide a sense of satisfaction. Thanks to your decades of hard work, your portfolio generates cash and operates like a well-oiled machine. But would this continue without you? Is your spouse or successor up to speed on how your portfolio operates? Do they know the addresses for each property you own? Will they be surprised when something you consider routine occurs at one of your properties?

6 Questions To Ask Your Loan Broker

Commercial mortgage brokers assist in most apartment loan transactions. Even investors who have strong lender relationships can benefit from a broker’s familiarity with the current lending environment and underwriting parameters. All of which help you get the best deal. Nonetheless, it is important to ask the right questions to ensure that your broker is aligned with your priorities and transparent about their role in the financing process.

Recourse: What’s the value of your signature?

Should you promise to stand behind the loan on your property? Your gut reaction might be “I always pay my debts.” I’m right there with you. However, no one wants misfortune at one property to sink their whole balance sheet. As such, many investors opt for non-recourse debt to protect their net worth. Let’s review what recourse means with respect to commercial mortgages.

5 Common And Costly Refinancing Mistakes

When it comes time to refinance your property, you want an easy process that gets you the best pricing. If you're not prepared, it could hurt you with a higher interest rate, lower loan proceeds and an agonizing experience. Below are the top five issues I see investors encounter when refinancing their properties.

The Risk in Writing-Off Almost Anything

Should you write-off almost anything? Maybe not if you want to refinance your property and get access to your hard-earned equity. Consider that for every $1 reduction in reportable income, you could decrease your potential loan amount by $11-13.

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