How to Finance Your Apartment Building Purchases with Tony Maruna

Aug 19

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.

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