David Frasz - Multifamily Loans Explained

David Frasz is a Director and commercial loan originator for a top nationwide CRE lender.  He is responsible for relationship management and originating commercial loans across all asset types with a specialty in direct originations of multifamily financing including Fannie Mae, Freddie Mac, FHA/HUD, and bridge loans.  David is acutely focused on building strong relationships with clients and helping them achieve their investment goals with a white-glove financing experience.

With nearly a decade of experience in multifamily finance, David has built a reputation for client service and for his track record which demonstrates his ability to close even the most difficult loan transactions, even those that competitors and counterparts deemed impossible. 

David’s skills were sharpened in is early career role as an underwriter where he underwrote more than $1 billion in closed loans and oversaw the underwriting of more than $9 billion in transaction screening volume.  Prior to real estate, David held various positions at State Street and J.P. Morgan after he graduated magna cum laude with a B.A. in Managerial Economics from Union College in Schenectady, NY.

HIGHLIGHTS IN THIS EPISODE:

00:00 - Intro

01:34 - David’s Background

03:28 - Left Field Investors

03:58 - Understanding Lending

06:50 - Bridge Debt

08:19 - Fixed Rate

10:01 - Rate Caps 

18:14 - Fixed Rate Long Term

19:40 - Prepayment Penalty Structure

20:40 - Yield Maintenance and Defeasance

23:20 - Questions To Ask

26:07 - Key Principal

28:37 - General Partners

31:18 - Advice for Passive Investors, Don’t Blindly Invest

35:16 - David Recommends

38:27 - Bucket List

CONNECT WITH OUR GUEST:

David Frasz  | Director

Office: (703) 663-5886  |  Cell: (857) 236-3000

888 17th Street NW, Suite 300 | Washington, DC  | 20006

LUMENT.COM  |  David.Frasz@Lument.com

CONNECT WITH OUR HOST:

Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

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