David Frasz - Multifamily Loans Explained

David Frasz is a Director and commercial loan originator for a top nationwide CRE lender.  He is responsible for relationship management and originating commercial loans across all asset types with a specialty in direct originations of multifamily financing including Fannie Mae, Freddie Mac, FHA/HUD, and bridge loans.  David is acutely focused on building strong relationships with clients and helping them achieve their investment goals with a white-glove financing experience. With nearly a decade of experience in multifamily finance, David has built a reputation for client service and for his track record which demonstrates his ability to close even the most difficult loan transactions, even those that competitors and counterparts deemed impossible.  David’s skills were sharpened in is early career role as an underwriter where he underwrote more than $1 billion in closed loans and oversaw the underwriting of more than $9 billion in transaction screening volume.  Prior to real estate, David held various positions at State Street and J.P. Morgan after he graduated magna cum laude with a B.A. in Managerial Economics from Union College in Schenectady, NY. HIGHLIGHTS IN THIS EPISODE: 00:00 - Intro 01:34 - David’s Background 03:28 - Left Field Investors 03:58 - Understanding Lending 06:50 - Bridge Debt 08:19 - Fixed Rate 10:01 - Rate Caps  18:14 - Fixed Rate Long Term 19:40 - Prepayment Penalty Structure 20:40 - Yield Maintenance and Defeasance 23:20 - Questions To Ask 26:07 - Key Principal 28:37 - General Partners 31:18 - Advice for Passive Investors, Don’t Blindly Invest 35:16 - David Recommends 38:27 - Bucket List CONNECT WITH OUR GUEST: David Frasz  | Director Office: (703) 663-5886  |  Cell: (857) 236-3000 888 17th Street NW, Suite 300 | Washington, DC  | 20006 LUMENT.COM  |  [email protected] CONNECT WITH OUR HOST: Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/