Mar 22, 2021
Secured Overnight Financing Rate
(SOFR) is the new index that both Fannie, Freddie and some bridge
lenders use for their adjustable rates. Remember, index + profit
margin = interest rate. The more stable the index…the more stable
the rate. In the last few years, the London Interbank Offer Rate
(LIBOR) was the preferred index. BUT…regulators thought that LIBOR
could be manipulated and now we have: SOFR. SOFR is consider a
‘less risky’ index.
Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a former ‘loaner- of money’ and is now a large “owner- of commercial real estate.”
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.
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