EPISODE · Feb 26, 2018 · 11 MIN
ASK MIKE MONDAYS - I've been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
from Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
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.
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ASK MIKE MONDAYS - I've been asked to be a KEY PRINCIPAL on a Fannie Mae loan; what are my risks?
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