Go offline with the Player FM app!
ASK MIKE MONDAYS - I’ve been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
Manage episode 198700621 series 1181820
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.
506 episodes
ASK MIKE MONDAYS - I’ve been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Manage episode 198700621 series 1181820
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.
506 episodes
كل الحلقات
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.