Apr 19, 2019
What’s WORKING or NOT WORKING…in the capital markets. Old
Capital commercial loan officers-James Eng, Dave Walls and John
Brickson discuss what is happening in apartment lending. Paul
Peebles relays an important story about the possible financial
impact of the “NEW” SOCIAL SECURITY ADMINISTRATION’s- NO MATCH
letter verifying authenticity of your employee’s social security
number. This could be challenging for the employee, the employer,
and the tenant in your building. What happens to labor costs and
apartment occupancy if undocumented employees lose jobs? John
Brickson and Dave Walls chat about competitive advantages in buying
apartment buildings today. James “the professor” Eng reminds us 1)
expect rejection and learn from every ‘no’ 2) hire advisors like
your life depends on it 3) you will have to do things- that don’t
scale. Great insight from James.
Save the Date: 2019 Old Capital Conference - October 24-25 in
Dallas, Texas
NPR Article on the NO MATCH LETTER:
https://www.npr.org/2019/03/29/707931619/social-security-administration-plans-to-revive-no-match-letters
Contact: James Eng JEng@OldCapitalLending.com
Dave Walls DWalls@OldCapitalLending.com
John Brickson JBrickson@OldCapitalLending.com
To receive our FREE page WHITE PAPER REPORT on the (updated) 2019
FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about
upcoming educational events at Old Capital Speaker Series please
visit us at OldCapitalPodcast.com
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.