Over 500 Million in Residential Multifamily Financing - with Lane Aldrich | TLS076

In this episode, we sit down with Lane Aldrich to discuss some of the guidelines and strategies surrounding residential multifamily financing.

Lane is a Mortgage Banker with First Colony Mortgage. $400M+ career origination volume. One of the top 1-4 unit new construction investment property financing loan officers in the western United States. Licensed in Utah, Idaho, Arizona & Texas. NMLS #275358

>>>Interested in partnering with us on future opportunities? Connect with me at CanovoCapital.com.

SHOW TOPICS:

• Lanes background and how he got into the mortgage banking business
• Financing new construction 4 plexes
• What were some of the early challenges in working with so many 4 plex investors on new construction deals? 
• What's the typical buyer profile of a buyer of new construction 4 plex?
• What are the basic guidelines for FannieMae FreddieMac lending guidelines for residential multifamily financing? 
• What are some of the financing options for new investors looking to buy their first multifamily investment property? 
• What are the interest rate differences between owner occupy and non-owner occupied financing? 
• How many loans can you have in your personal name. 
• What Lane see's on the horizon for his business. 

KEY QUOTES:

"If someone says they want to own 40 doors they should get started early on multifamily so they don't exhaust their resources on single-family"

ABOUT OUR GUEST:

Mortgage Banker with First Colony Mortgage. $400M+ career origination volume. One of the top 1-4 unit new construction investment property financing loan officers in the western United States. Licensed in Utah, Idaho, Arizona & Texas. NMLS #275358

Specialties: New construction-permanent financing, realtor training & strategy, 1-4 unit purchases & refinances, VA, RDA, FHA, fixed-rate mortgages, mortgage strategy, long walks on the beach. 

CONNECT WITH OUR GUEST:
https://www.firstcolonymortgage.com/loan-officer/lane-aldrich/
lanea@firstcolonymortgage.com
801-602-5746

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