Episode 44: Getting a Loan for a Commercial Property with Dan Lewkowicz

Dan Lewkowicz is a seasoned real estate veteran with over 15 years of experience in many facets of the real estate industry. Starting his career “house hacking” he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures which specializes in the acquisition, financing, renovation, and resale of single-family residential properties in the booming city of Detroit, Michigan. Before joining Encore Real Estate Investment Services, Dan was a Senior Advisor at Fortis Net Lease specializing in commercial real estate investment sales. Dan is also a former business development executive for Amazon in Detroit, Michigan. Currently, Dan is director of investment sales at Encore Real Estate Investment Services and specializes in shopping centers, medical office buildings, industrial fulfillment centers, quick service restaurants, and automotive repair and parts stores. Of lesser-known fact, Dan possesses industry-leading knowledge on cannabis cultivation and its impact on the economy in general, and industrial commercial real estate specifically. An expert on Multi-Family and the current economic undercurrents facing this asset class in today’s postcovid world, Dan often expresses the incredible opportunities for investors of all sizes. This episode talks about: Commercial Real Estate (CRE) lending from the broker’s perspective The process of purchasing CRE What is a Letter of Intent (LOI) when purchasing a property? Different types of lending for CRE Typical time frame to get approved for a CRE loan Typical down payment for conventional CRE loans? CRE Loans vs. Residential real estate Loans What is ​a DSCR (Debt Service Coverage Ratio)? What does a property management company do? What is seller financing and how does it work? Why should investors choose a longer amortization period? Who offers CRE loans? Syndication in CRE What is the difference between a NN (double net) and NNN (triple net) lease? CRE Pro Course, mentorship and mastermind class. To connect with Dan Lewkowicz, please visit: 👉Website:➡️https://danontop.com 👉Course Information: ➡️ https://creprocourse.com/cpc/16/ 👉Linkedin ➡️ https://www.linkedin.com/in/dan-lewkowicz-7118361/ 👉YouTube:➡️https://www.youtube.com/channel/UCFNetawHvNlpWqEnIX_W9fw 👉Email: ➡️[email protected] 👉Podcast:  -  Dan On Top Streamcast Show 👉Contact Information   248.943.2838 👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com 👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins 📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com 🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.