• How to Finance Your Apartment Building Purchases with Tony Maruna

  • Aug 1 2021
  • Duración: 1 h
  • Podcast

How to Finance Your Apartment Building Purchases with Tony Maruna

  • Resumen

  • Are you looking to buy an apartment building?

     

    Have you tried and realized it's not at all like buying a house?

     

    What's involved, what's the mortgage like, how do you underwrite a property?

     

    There are many questions investors playing (or looking to start playing) in this sandbox have. Luckily for our listeners, Tony Maruna of the Vine Group has joined us for an in-depth conversation on how to finance and underwrite the purchase of multi-unit residential properties.

     

    Tony has enjoyed a 23-year banking career within Southwestern Ontario. Throughout his career Tony has excelled in commercial lending and corporate banking. More recently, he has focused on Commercial Real Estate in Kitchener/Waterloo, creating a leading reputation in the marketplace.

     

    Through his behaviours, unparalleled customer service, and disciplined execution, Tony has consistently exceeded his targets by double digit year-over-year growth, achieving the #1 national ranking at his former bank in the past 3 years.

     

    Tony looks forward to continuing to build on this momentum through his role as Director of Commercial Lending with Vine Group’s growing Commercial Team.

     

    In our conversation, Tony shares his experience and knowledge in the area of commercial financing with a focus on multi-unit residential properties. Topics include:

    • Understanding how different lenders determine risk level for different types of properties
    • What lenders are looking at when underwriting a property to lend on
    • What "recourse" means to a lender
    • How YOU as the borrower play a role in a lender's due diligence in terms of your experience, track record, net worth, and requested amount to borrow
    • Strategies for how investors can approach commercial financing and get to YES
    • Important questions to get answers to before investing in multi-unit residential apartments
    • Tips investors can use to do their own underwriting
    • What a CMHC mortgage is and the pros of cons of them for multi-unit residential
    • True of False Tony: It's easier to qualify for a loan on an apartment building over a single-family home?
    • Why Tony got started in real estate investing, and why you should too!
    • Final advice for the investor community in uncertain times

     

    Big thank you to Tony for joining us on the show!

    If you'd like to learn more about Tony or have further questions about commercial financing, you can connect with him in the following ways:

    Phone: 519-497-0889

    E-mail: tony.maruna@vinegroup.ca

     

    For more information about the Vine Group visit:

    https://www.vinegroup.ca/

     

    Got questions about the show?

    Want to be a guest or know someone who would be a good fit to join us for a conversation?

    Got Real Estate Investing questions?

    Contact us via e-mail to: wyskare@gmail.com 

    Thank you for listening!

    - Ben, Trevor, and Nick

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