53 min
Fast & Easy Multifamily Lending with StackSource Founder Tim Milazzo The REI Diamonds Show-Real Estate Investment Podcast
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- Investing
Episode: Fast & Easy Multifamily Lending with StackSource Founder Tim MilazzoGuest: Tim Milazzo is the co-founder of StackSource, a technology driven engine for funding commercial real estate deals of all types. Big Idea: Having access tofast & easy multifamily lending, or any other commercial funding, is the first step to scaling a multi-million dollar real estate portfolio. The commercial loan landscape is extremely fragmented, with many lenders focused on only certain asset types, loan sizes, or other niche spaces at any given time. StackSource is a national high volume aggregator of lenders, loan types & contacts, providing borrowers the faster method for finding the correct lender for your particular asset type. Tim & I discuss how this volume of lenders will put you in a position of strength when you’re funding a deal. Obtaining multiple, competing loan term sheets can be difficult when you’re buying a commercial deal because of the short timeline to closing. The StackSource platform allows you to provide details of your project-whether multi family, industrial, commercial, etc- and then matches your loan type with those lending institutions currently lending in your local market and funding your specific deal type. The end result is multiple term sheets allowing you to select the best option for your deal. This is a contrast to how I’ve bought my last half dozen multi family projects: calling around asking people I know who is funding this type of deal-then submitting my deal details to that single lender and obtaining one term sheet. My way is a position of weakness-I am stuck riding with that single lender on that deal. It’s worked out for me because I’m lucky to have found the right lender for my type of loan. Shall we begin?This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.StackSource.com/For Access to Real Estate Deals You Can Buy & Sell for Profit:https://AccessRealEstateDeals.com/View the Episode Description & Transcript Here:https://reidiamonds.com/fast-easy-multifamily-lending-with-stacksource-founder-tim-milazzo/Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 206 on fast and easy multifamily lending with StackSource founder, Tim Milazzo. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers, invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, methods used to create millions of dollars more in the business of real estate. Having access to fast and easy multifamily lending or any other commercial funding is the first step to scaling a multimillion-dollar commercial real estate portfolio. The commercial loan landscape is extremely fragmented with many lenders focused only on certain asset types, or certain loan sizes, or other niche spaces at any given time. StackSource is a national, high-volume, aggregator of those lenders, loan types, contacts, etcetara, providing you, the borrower, with the faster method for finding the correct lender for your particular asset type.On today’s episode, Tim and I discuss how this volume of lenders that StackSource has aggregated will put you in a position of strength when you are funding a deal. Obtaining mult(continued)
Episode: Fast & Easy Multifamily Lending with StackSource Founder Tim MilazzoGuest: Tim Milazzo is the co-founder of StackSource, a technology driven engine for funding commercial real estate deals of all types. Big Idea: Having access tofast & easy multifamily lending, or any other commercial funding, is the first step to scaling a multi-million dollar real estate portfolio. The commercial loan landscape is extremely fragmented, with many lenders focused on only certain asset types, loan sizes, or other niche spaces at any given time. StackSource is a national high volume aggregator of lenders, loan types & contacts, providing borrowers the faster method for finding the correct lender for your particular asset type. Tim & I discuss how this volume of lenders will put you in a position of strength when you’re funding a deal. Obtaining multiple, competing loan term sheets can be difficult when you’re buying a commercial deal because of the short timeline to closing. The StackSource platform allows you to provide details of your project-whether multi family, industrial, commercial, etc- and then matches your loan type with those lending institutions currently lending in your local market and funding your specific deal type. The end result is multiple term sheets allowing you to select the best option for your deal. This is a contrast to how I’ve bought my last half dozen multi family projects: calling around asking people I know who is funding this type of deal-then submitting my deal details to that single lender and obtaining one term sheet. My way is a position of weakness-I am stuck riding with that single lender on that deal. It’s worked out for me because I’m lucky to have found the right lender for my type of loan. Shall we begin?This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.StackSource.com/For Access to Real Estate Deals You Can Buy & Sell for Profit:https://AccessRealEstateDeals.com/View the Episode Description & Transcript Here:https://reidiamonds.com/fast-easy-multifamily-lending-with-stacksource-founder-tim-milazzo/Dan Breslin: Welcome to the REI Diamond Show. I’m your host, Dan Breslin, and this is episode 206 on fast and easy multifamily lending with StackSource founder, Tim Milazzo. If you’re into building wealth through real estate investing, you are in the right place. My goal is to identify high-caliber real estate investors and other industry service providers, invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, methods used to create millions of dollars more in the business of real estate. Having access to fast and easy multifamily lending or any other commercial funding is the first step to scaling a multimillion-dollar commercial real estate portfolio. The commercial loan landscape is extremely fragmented with many lenders focused only on certain asset types, or certain loan sizes, or other niche spaces at any given time. StackSource is a national, high-volume, aggregator of those lenders, loan types, contacts, etcetara, providing you, the borrower, with the faster method for finding the correct lender for your particular asset type.On today’s episode, Tim and I discuss how this volume of lenders that StackSource has aggregated will put you in a position of strength when you are funding a deal. Obtaining mult(continued)
53 min