ASK MIKE MONDAYS - I’ve been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks? - a podcast by Michael Becker & Paul Peebles
from 2018-02-26T01:05:57
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Both Fannie Mae and Freddie Mac need someone or a few folks, within the investment group, to become the fiduciary on behalf of the partnership. They typically want a natural person to sign a “guaranty” between the lender and the partnership for a non-recourse loan. Michael explains some of the benefits and concerns if you sign on behalf of the borrowing partnership.
Further episodes of Old Capital Real Estate Investing Podcast with Michael Becker
Further podcasts by Michael Becker & Paul Peebles
Website of Michael Becker & Paul Peebles