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The Old Capital Podcast is aimed at Real Estate Investors - both new and experienced.
Hosts Michael Becker and Paul Peebles deliver no-hype education and expert perspectives.
You will gain valuable insights from interviews with actual real life investors who are active in acquiring and operating apartment complexes. You will discover how they are identifying, financing and operating apartment complexes, as well as helpful advice on how to get started and avoid common mistakes.

Mar 1, 2019

Independence is leaving the commercial real estate business. Listing agents are being hired by commercial apartment lenders. Yes…they now work for the lender!
Gone are the independent real estate agents that represented the seller only. Today, listing agents have two bosses, 1) the apartment seller/owner and 2) the apartment mortgage company they are employed with. How do you serve two masters? The listing agent is almost forcing the buyer to use their commercial mortgage company; IF they want to be considered in “best and final.”

What this means to you… is that the buyer is NOW handcuffed to the listing agents’ lender…and will not get the best financing available. Your listing agent is now a mortgage originator and getting paid to push mortgages to the buyer, too! How is that possible? The listing agents mortgage company will not shop other agency lenders. The listing agent’s lender… will not get you the best interest rate, best leverage, and best terms available. In today’s podcast, Paul and James bring you up to speed on how and why this is happening and how it will impact you in the future.

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Are you interested in learning more about how Multifamily Syndications work? Please visit to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.