JF3235: How to Navigate the Commercial Lending Space in 2023 | ft. James Eng

<p>James Eng is the national director of Old Capital, a commercial mortgage broker. In this episode, James discusses the landscape of commercial lending, especially why many investors transitioned from bridge loans to fixed-rate loans over the past few years. He also shares the true purpose of a bridge loan and shares strategies for how investors can approach the refinance process on a bridge loan in 2023.</p> <p> </p> <h2>James Eng | Real Estate Background</h2> <ul> <li>National director of Old Capital</li> <li>Portfolio: <ul> <li>GP and LP positions in over 20 multifamily properties in Texas totaling over 10,000 units</li> </ul> </li> <li>Based in: Dallas, TX</li> <li>Say hi to him at:  <ul> <li><a href="https://linktr.ee/thejameseng" target="_blank" rel= "noopener">Linktree</a></li> </ul> </li> <li>Best Ever Book: <a href= "https://www.amazon.com/Most-Important-Thing-Uncommon-Thoughtful/dp/151138347X" target="_blank" rel="noopener">The Most Important Thing</a> by Howard Marks</li> <li>Greatest Lesson: Make sure you look at the demographics of a market in comparison to the rents you are projecting. </li> </ul> <p> </p> <p><strong>Click here to learn more about our sponsors:</strong></p> <p><a title="CASKX" href="https://www.caskx.com/bestever/" target= "_blank" rel="noopener">CASKX</a></p> <p><a title="Techvestor" href="https://techvestor.com/" target= "_blank" rel="noopener">Techvestor</a></p> <p><a title="Innago" href="https://innago.com/bestever/" target= "_blank" rel="noopener">Innago</a></p> <p><a href="https://capital.thebamcompanies.com/" target="_blank" rel="noopener">BAM Capital</a></p>