The King of HUD: Josh Sasouness on Multifamily Lending

Season 1, Episode 2: Welcome to No Cap by CRE Daily. Today, we're joined by Josh Sasouness, co-CEO of Dwight Capital, the nation's leading multifamily FHA/HUD lender.In this episode, we dive into Josh’s family background and upbringing, exploring the origins and rapid growth of Dwight Capital. We discuss the differences between HUD and agency financing and Josh’s transition from Greystone to Dwight, including personal stories about the two worst days of his life. Josh shares insights into Dwight Funding, the current market state, and opportunities in multifamily, healthcare investments, and development. We also cover geographic markets Josh is bullish on, predictions for the American economy, and media coverage.  Key takeaways in the episode:   01:29 — Intros 02:20 — Josh’s family background and upbringing 04:16 — Origins of Dwight Capital 07:19 — The secrets to growing Dwight Capital 08:39 — Difference between HUD and agency financing 11:24 — Transitioning from Greystone to Dwight 12:32 — The two worst days of Josh’s life were… 16:29 — What was day one at Dwight Capital like? 20:18 — Behind the magic of Dwight Funding 21:56 — State of the market and areas of opportunity 27:52 — Anticipating rate cuts and state of the American economy 31:22 — Performance of multi-family and healthcare investments 31:56 — Emerging opportunities in the development space 34:43 — Geographic markets Josh is bullish on 36:37 — Is media coverage overly negative? 42:51 — Predictions for the next 18 months 46:04 — Conclusion  We want to thank our sponsor Viking Capital. Tune in for insights, expert opinions, and a deep dive into the stories shaping commercial real estate today and tomorrow.