RCRE - Understanding Loan Pricing with James Shukis

Will Coleman and Mike Taravella interview James Shukis of City Bank.

 

Key Information:

Lending on single-family homes has accelerated during the last quarter. 

New trends in housing show college graduates gravitating towards class A condos and townhomes in metropolitan areas.

Why now is a good time to accelerate your debt with lower interest rates.

How banks processed PPP loans for small businesses affected by COVID-19

How banks establish their own prime rates as well as use national indices like the Wallstreet Journal Prime Rate.

Banks quote deals based on risk and market location.

Hedge your pricing by developing strong bank relationships. 

 

Expert Pro Tip: “Measure twice and cut once!”

Contact Information:

Jshukis@city.bank 

(214) 636-7703

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https://invest.randpartnersllc.com/invexp/accounts/login/

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 About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino here --> https://jakeandgino.com.

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