Wednesday, July 23, 2014

Equity Crowdfunding: Venture Capital On Steroids?

CROWDFUNDING IS THE NEWEST WAY TO RAISE MONEY for business, real estate, art, film, new products and more. Crowdfunding lets you get money:
  • in “bite-sized pieces”
  • from tens, hundreds, or thousands of people at once
DEPENDING ON THE NATURE OF YOUR BUSINESS, crowdfunding may be used for business or real estate.

EQUITY CROWDFUNDING IS A NEW AND EXCITING TYPE of crowdfunding that's being called today's Business Angel or Venture Capital investor. In equity crowdfunding, companies sell actual shares of their business to interested investors. 
 
WITH EQUITY CROWDFUNDING, you can get lots of investors from all around the world to pool amounts as little as $1000 each into your business in return for owning a piece of it—not a bad tradeoff for getting your moneymaking project off the ground.

POPULAR EQUITY CROWDFUNDING PLATFORMS include websites like:
THE BEST KNOWN TYPE OF CROWDFUNDING IS REWARDS-BASED crowdfunding, where you give investors or donors a small reward like a free product, a discount, or a small cash return for the money they put into your crowdfunded deal. Equity crowdfunding is different because it involves ownership shares in your company.

EQUITY CROWDFUNDING IS LIKE VENTURE CAPITAL ON STEROIDS. It lets big, serious investors read your business plan and decide to get in on your great new idea.

TO GET STARTED WITH EQUITY CROWDFUNDING, take these steps:
  1. Write out a description of your business, project, service or product idea.
  2. Show how much you expect your business to earn over time. Write this information up in the form of financial projections. Read up on venture capital funding to see how this is done.
  3. Decide how much money you need to raise, at what levels, and what sorts of shares you'll provide. For example, you could sell shares at $1,000 each, $5,000 each, or more.
  4. Study the various equity crowdfunding platforms by visiting their websites and see how they work, what types of projects they support, etc.
  5. Contact an equity crowdfunding platform to help you set up your money raising campaign.







Wednesday, July 16, 2014

Freddie Mac's Top Single-Family and Multifamily Real Estate Lenders


FIVE FREE LISTS/FIVE CATEGORIES FOR YOU


  1. AFFORDABLE LENDERS
  2. SMALL LOAN LENDERS
  3. MANUFACTURED HOUSING LENDERS
  4. SENIORS HOUSING LENDERS
  5. DUS (DELEGATED UNDERWRITING AND SERVICING) LENDERS

THE FEDERAL HOME LOAN MORTGAGE CORPORATION, known as Freddie Mac or FreddieMac, is a public government-sponsored company that works with mortgage lenders to help people get lower housing costs and better access to home financing.  

FREDDIE MAC LENDERS ARE AMONG THE TOP LENDERS providing loans for single-family and multifamily private and commercial properties.  

THE FOLLOWING LISTS GIVE CURRENT INFORMATION on the 5 main categories of Freddie Mac lenders. These lenders may be able to provide loans for your next moneymaking real estate project. Each list is preceded by a Roman numeral with the Freddie Mac lender category and a brief description. Note: Some of the lenders appear across multiple categories.

CONTACT FREDDIE MAC for details. Call the Homeowners HOPE hotline at (888) 995-HOPE to reach trained housing counselors – 24 hours a day, seven days a week – who can provide free guidance. Headquarters location: 8200 Jones Branch Drive, McLean, VA 22102-3110. Tel: (703) 903-2000, Toll Free 1-800-424-5401. Website: www.freddiemac.com.

Source: Freddie Mac

I. AFFORDABLE HOUSING LENDERS

Freddie Mac Affordable Housing Lenders provide affordable housing loans. Freddie Mac defines affordable housing loans to include:

  • Mortgages on properties subject to low-income housing tax credits
  • Mortgages on properties that receive federal subsidies
  • Transactions in which Freddie Mac will credit enhance a mortgage that backs tax-exempt bonds, a trust certificate or other instrument related to tax-exempt bonds

LENDERS

ACRE Capital, LLC

Jay Blasberg

Executive Vice President

6091 East Grant Road

Tucson, AZ 85712

1-800-528-8551

Nationwide



AmeriSphere Multifamily, LLC

Rodrigo Lopez

President & Chief Executive Officer

1125 South 103rd Street, Suite 130

Omaha, NE 68124

(402) 498-9184

Nationwide



Arbor Commercial Funding, LLC

John Caulfield

Chief Operating Officer

333 Earle Ovington Boulevard, Suite 900

Uniondale, NY 11553

(516) 506-4410

Nationwide



Bellwether Enterprise Real Estate Capital, LLC

John K. Powell, Jr.

Executive Vice President

230 W. Monroe Street

Suite 2605

Chicago, IL 60606

(312) 803-0801

Nationwide



Berkeley Point Capital LLC

Jeff Day

Chief Executive Officer

7575 Irvine Center Drive

Irvine, CA 92618

(949) 754-6392



Capital One Multifamily Finance, LLC

Grace Huebscher

Chief Executive Officer

7600 Wisconsin Avenue NW, Suite 800

Bethesda, MD 20814

(240) 507-1903

Nationwide



CBRE Multifamily Capital, Inc.

Peter Donovan

Senior Managing Director

111 Huntington Avenue, 12th Floor

Boston, MA 02199

(617) 488-72351

Nationwide



Centerline Capital Group

Phil Melton

Managing Director - Affordable Housing

15305 Dallas Parkway, Suite 333

Addison, TX 75001

(214) 727-6804



Citi Community Capital

Mark Dean

Managing Director

Head of Production

601 Union Street, Suite 5130

Seattle, WA 98101

(206) 346-2838



Dougherty Mortgage LLC

David B. Juran

DUS CEO and President

90 South 7th Street, Suite 4300

Minneapolis, MN 55402-4108

(612) 376-4075

Nationwide



Grandbridge Real Estate Capital, LLC

Frank Guzikowski

EVP-Director of Agency Lending

919 18th St, Suite 550

Washington, DC 20006

(202) 293-8031

Nationwide



Great Lakes Capital Fund

Jerome Sullivan

Senior Vice President

1000 South Washington Avenue

Lansing, Michigan, MI 48910-1647

(608) 260-0050 x1410

Nationwide



Greystone Servicing Corporation, Inc.

William Posey

DUS Chief Executive Officer

1715 Aaron Brenner Drive, Suite 500

Memphis, TN 38120

(901) 399-7722

Nationwide



KeyBank National Association

Angela Mago

Director, Agency Lending

127 Public Square, 8th Floor

Cleveland, OH 44114

(216) 689-3247



Lancaster Pollard Mortgage Company

Nick Gesue

Senior Vice President, Operations and Underwriting

65 East State Street, 16th Floor

Columbus, OH 43215

(614) 224-8800

Nationwide



M&T Realty Capital Corporation

Tari Flannery

Chief Executive Officer

Mail Code 101-617

25 South Charles Street

Baltimore, MD 21201

(410) 545-2450

Nationwide



Massachusetts Housing Partnership

David Rockwell

Director of Lending

160 Federal Street

Boston, MA 02110

(617) 330-9955 x222



Oak Grove Capital

Timothy R. Leonhard

Managing Director - Affordable Housing

1705 W. Northwest Highway, Suite 145

Grapevine, TX 76051

(817) 310-5800



Pillar Financial, LLC

Anand Gajjar

Chief Production Officer

330 Madison Avenue, 8th Floor

New York, NY 10017

(212) 651-0830

Nationwide



PNC Real Estate

Sarah Garland

Senior Vice President

26901 Agoura Road, Suite 200

(Mail Stop: XX-AR02-01-1)

Calabasas Hills, CA 91301

(818) 676-3396



Prudential Mortgage Capital Company

Paige Warren

Principal

4350 North Fairfax Drive, Suite 700

Arlington, Virginia 22203

(703) 610-1340



Red Mortgage Capital, LLC

Jim Hensley

Sr. Managing Director

Two Miranova Place

Columbus, OH 43215

(614) 857-1400

Nationwide



Richmac Funding LLC

Marsha Goff

Executive Vice President

255 East Kellogg Blvd., Suite 103,

St. Paul, MN 55101

651-683-2103



The Community Development Trust, Inc.

Brian Gallagher

Senior Vice President, Debt

1350 Broadway Street, Suite 700

New York, NY 10018

(212) 271-5096

Nationwide



Walker & Dunlop, LLC

Howard Smith

Executive Vice President & Chief Operating Officer

7501 Wisconsin Avenue, Suite 1200

Bethesda, MD 20814

(301) 215-5585



Wells Fargo Multifamily Capital

Vincent R Toye

Managing Director, GSE Head of Production

150 E. 42nd St

36th floor

New York, NY 10017-5612

(917) 260-1220 Nationwide



II. SMALL LOAN LENDERS

Market Rate Small Loan Lenders

While all DUS lenders have access to Fannie Mae's Small Loan Program, the following is a list of lenders that specialize in the Small Loan Program. These lenders are authorized by Fannie Mae to underwrite, close and deliver multifamily loans up to $3 million and up to $5 million in certain markets. Multifamily property owners seeking financing may work directly with one of these lenders.

LENDERS

ACRE Capital, LLC

Gerald Lam

770 The City Drive South

Suite 1500

Orange, California 92868

Nationwide



Arbor Commercial Funding, L.L.C

John Caulfield

Chief Operating Officer

333 Earle Ovington Boulevard, Suite 900

Uniondale, NY 11553

(516) 506-4410

Nationwide



Centerline Capital Group

Rick Warren

Managing Director, Commercial Real Estate

18101 Von Karman Avenue, Suite 1900

Irvine, CA 92612

(949) 442-2400

Nationwide



Fremont Bank

Melissa Sanguinetti

Manager and Chief Underwriter, Multifamily

Hayward Operations Center

25151 Clawiter Road, MC: 2501DA1

Hayward, CA 94545

1-877-403-6357

California, Arizona, Oregon, Nevada



Greystone Servicing Corporation, Inc.

Richard Wolf

Senior Managing Director

2 Kings Highway West

Suite 205

Haddonfield, NJ 08033

(856) 354-0130

Nationwide



HomeStreet Capital Corporation

Randy Daniels

Executive Vice President

2000 Two Union Square

601 Union Street

Seattle, WA 98101-2326

(206) 389-7750

Nationwide



JPMorgan Chase & Co.

David G. Murphy

Secondary Marketing Executive

Commercial Term Lending

1301 2nd Avenue, 23rd Floor - WA1-3553

Seattle, WA 98101

(206) 500-3517

Nationwide



National Consumer Cooperative Bank

Casey Fannon

2011 Crystal Drive, Suite 800

Arlington, Virginia 22202

(703) 302-1917

Nationwide - Cooperatives



PNC Real Estate

Tom Booher

Executive Vice President

Manager of Agency Finance

575 Market Street, 28th Floor

San Francisco, CA 94105

(415) 733-1515



III. MANUFACTURED HOUSING LENDERS

Manufactured housing (commonly known as mobile homes in the United States in the past) is a type of prefabricated housing that is largely assembled in factories and then transported to sites of use. A manufactured home may have a permanently attached wheeled chassis, which differentiates "manufactured housing" from other types of prefabricated homes, such as modular homes.

LENDERS

ACRE Capital, LLC

Jay Blasberg

Executive Vice President

6091 East Grant Road

Tucson, AZ 85712

1-800-528-8551

Nationwide



AmeriSphere Multifamily, LLC

Rodrigo Lopez

President & CEO

1125 South 103rd Street, Suite 130

Omaha, NE 68124

(402) 498-9184

Nationwide



Arbor Commercial Funding, LLC

John Caulfield

Chief Operating Officer

333 Earle Ovington Boulevard, Suite 900

Uniondale, NY 11553

(516) 506-4410

Nationwide



Berkadia Commercial Mortgage, LLC

Dan Brendes

Managing Director- GSE Production

7500 Old Georgetown Rd., Suite 1275

Bethesda, MD 20814

(301) 202-3551



Berkeley Point Capital LLC

Jeff Day, Co-Head

7575 Irvine Center Drive

Irvine, CA 92618

(949) 754-6392 Steve Wendel, CEO

1 Beacon Street, 14th Floor

Boston, MA 02108

(617) 722-5101

Nationwide



Capital One Multifamily Finance, LLC

Grace Huebscher

Chief Executive Officer

7600 Wisconsin Avenue NW, Suite 800

Bethesda, MD 20814

(240) 507-1903

Nationwide



Centerline Capital Group

William Hyman

Senior Managing Director, Commercial Real Estate Group

100 Church Street, 15th Floor

New York, NY 10007

(212) 317-5700

Nationwide



Grandbridge Real Estate Capital, LLC

Frank Guzikowski

EVP-Director of Agency Lending

919 18th St, Suite 550

Washington, DC 20006

(202) 293-8031

Nationwide



Greystone Servicing Corporation, Inc.

Joe Mosley

Managing Director of Originations

1200 Abernathy Road, NE

Building 600, Suite 1800

Atlanta, GA 30328

(770) 395-0873

Nationwide



HomeStreet Capital

Randy Daniels

Executive Vice President

2000 Two Union Square

601 Union Street

Seattle, WA 98101-2326

(206) 389-7750

Pacific Northwest and Hawaii



KeyCorp Real Estate Capital Markets, Inc.

David Shillington

Director Agency Lending

8115 Preston Road

Suite 500

Dallas, TX 75225

(214) 540-9150

Nationwide



M&T Realty Capital Corporation

Tari Flannery

Chief Executive Officer

Mail Code 101-617

25 South Charles Street

Baltimore, MD 21201

(410) 545-2450

Nationwide



Pillar Multifamily, LLC

Anand Gajjar

Chief Production Officer

330 Madison Avenue, 8th Floor

New York, NY 10017

(212) 651-0830

Nationwide



PNC Real Estate

Tom Booher

Executive Vice President

Manager of Agency Finance

575 Market Street, 28th Floor

San Francisco, CA 94105

(415) 733-1515



Prudential Mortgage Capital Company

Mike McRoberts

Managing Director

4350 North Fairfax Drive, Suite 700

Arlington, VA 22203

(571) 367-7870

Nationwide



Red Mortgage Capital, LLC

Jim Hensley

Sr. Managing Director

Two Miranova Place

Columbus, OH 43215

(614) 857-1400

Nationwide



Walker & Dunlop, LLC

Howard W. Smith

Executive Vice President & Chief Operating Officer

7501 Wisconsin Avenue, Suite 1200

Bethesda, MD 20814

(301) 215-5500

Nationwide



Wells Fargo/Wachovia

Vince R. Toye

EVP-Head of GSE Production

150 East 42nd St, 36th Fl

New York, NY 10017

(212) 214-7322

Nationwide



IV. SENIORS HOUSING LENDERS

Freddie Mac Multifamily Seniors Housing Lenders can provide Freddie Mac loans for independent living, assisted living, memory care, and rental continuing care properties located anywhere in the United States.

LENDERS

Beech Street Capital

James Sherman

Executive Vice President

7600 Wisconsin Avenue, Suite 800

Bethesda, MD 20814

(240) 507-1985



Berkadia Commercial Mortgage, LLC

Steve Ervin

Senior Vice President

7500 Old Georgetown Road, Suite 1275

Bethesda, MD 20814

(301) 202-3575



Berkley Point Capital

Steve Wendel

President and Managing Director

One Beacon Street, 14th Floor

Boston, MA 02108

(617) 722-5101



CBRE Multifamily Capital, Inc.

Don Brais

Chief Underwriter

111 Huntington Avenue, 12th Floor

Boston, MA 02199

(617) 488-7243



CW Capital, LLC

Donald King

National Head of Production, Agency Programs

One Charles River Place

63 Kendrick Street

Needham, MA 02494

(781) 707-9494



Dougherty Mortgage, LLC

Tim Larkin

Senior Vice President

90 South Seventh Street, Suite 4300

Minneapolis, MN 55402

(612) 317-2161



Grandbridge Real Estate Capital, LLC

Richard Thomas

Senior Vice President

271 17th Street NW

Suite 750

Atlanta, GA 30363

(404) 602-1379



Greystone Servicing Corporation, Inc.

Scott A. Kavel

Managing Director

Building 500

1100 Abernathy Road, Suite 900

Atlanta, GA 30328

(678) 495-9674



KeyCorp Real Estate Capital Markets, Inc.

Cary R. Tremper

Senior Vice President

8115 Preston Road, Suite 500

Dallas, TX 75225

(214) 540-9130



Lancaster Pollard Mortgage Company

Nick Gesue

Senior Vice President, Operations and Underwriting

65 East State Street, Suite 1600

Columbus, OH 43215

(614) 224-8800



Oak Grove Capital, Inc.

William P. Kauffman

Managing Director, Seniors Housing

125 S. Wacker Drive

Suite 300

Chicago, IL 60606

(312) 893-5098



PNC Real Estate

Tom Booher

Executive Vice President

Manager of Agency Finance

575 Market Street, 28th Floor

San Francisco, CA 94105

(415) 733-1515



Prudential Mortgage Capital Company

Tom Goodsite

Principal, National Accounts

Two Ravina Drive, Suite 1400

Atlanta, GA 30346

(770) 395-8611



Red Mortgage Capital, LLC

Kathryn Burton-Gray

Senior Managing Director

500 Newport Center Drive, Suite 930

Newport Beach, CA 92660

(949) 610-0270



Walker & Dunlop, LLC

Howard W. Smith

Executive Vice President / Chief Operating Officer

7501 Wisconsin Avenue, Suite 1200

Bethesda, MD 20814

(301) 215-5500



Wells Fargo Multifamily Capital

Vince R. Toye

EVP-Head of GSE Production

150 East 42nd St, 36th Fl

New York, NY 10017

(212) 214-7322

Nationwide



V. DUS LENDERS

DUS lenders are authorized by Freddie Mac to underwrite, close and deliver most loans without pre-review. This translates into the most efficient service available in the industry. DUS Lenders are well-capitalized and experienced in all aspects of multifamily finance, resulting in reliable service under all market conditions.

LENDERS

ACRE Capital, LLC

Jay Blasberg

Executive Vice President

6091 East Grant Road

Tucson, AZ 85712

1-800-528-8551

Nationwide



AmeriSphere Multifamily, LLC

Rodrigo Lopez

President & CEO

1125 South 103rd Street, Suite 130

Omaha, NE 68124

(402) 498-9184

Nationwide



Arbor Commercial Funding, LLC

John Caulfield

Chief Operating Officer

333 Earle Ovington Boulevard, Suite 900

Uniondale, NY 11553

(516) 506-4410

Nationwide



Berkadia Commercial Mortgage, LLC

Frank Lutz

Senior Vice President and Product Manager, Agency Originations

118 Welsh Road

Horsham, PA 19044

(215) 328-3790

Nationwide



Berkeley Point Capital LLC

Jeff Day, CEO

Jim McDevitt, President

4550 Montgomery Avenue

Bethesda, MD 20814

(301) 718-2000



Capital One Multifamily Finance, LLC

Grace Huebscher

Chief Executive Officer

7600 Wisconsin Avenue NW, Suite 800

Bethesda, MD 20814

(240) 507-1903

Nationwide



CBRE Multifamily Capital, Inc.

Peter Donovan

Senior Managing Director

111 Huntington Avenue, 12th Floor

Boston, MA 02199

(617) 488-7235

Nationwide



Centerline Capital Group

William Hyman

Senior Managing Director, Commercial Real Estate Group

100 Church Street, 15th Floor

New York, NY 10007

(212) 317-5700



Citi Community Capital

Mark Dean

Managing Director

Head of Production

601 Union Street, Suite 5130

Seattle, WA 98101

(206) 346-2838



Dougherty Mortgage LLC

David B. Juran

DUS CEO and President

90 South 7th Street, Suite 4300

Minneapolis, MN 55402-4108

(612) 376-4075

Nationwide



Grandbridge Real Estate Capital, LLC

Frank Guzikowski

EVP-Director of Agency Lending

919 18th St, Suite 550

Washington, DC 20006

(202) 293-8031

Nationwide



Greystone Servicing Corporation, Inc.

William Posey

DUS CEO

1715 Aaron Brenner Drive, Suite 500

Memphis, TN 38120

(901) 399-7722

Nationwide



HomeStreet Capital Corporation

Randy Daniels

Executive Vice President

2000 Two Union Square

601 Union Street

Seattle, WA 98101-2326

(206) 389-7750

Nationwide



HSBC Bank USA, N.A.

Glenn Grimaldi

Executive Vice President

452 Fifth Avenue, 24th floor

New York, NY 10018

(212) 525-1125

Nationwide



JPMorgan Chase & Co.

David G. Murphy

Secondary Marketing Executive

Commercial Term Lending

1301 2nd Avenue, 23rd Floor - WA1-3553

Seattle, WA 98101

(206) 500-3517

Nationwide



KeyBank National Association

Angela Mago

Director, Agency Lending

127 Public Square, 8th Floor

Cleveland, OH 44114

(216) 689-3247



M&T Realty Capital Corporation

Tari Flannery

Chief Executive Officer

Mail Code 101-617

25 South Charles Street

Baltimore, MD 21201

(410) 545-2450

Nationwide



Oak Grove Capital

Kevin Filter

President

2177 Youngman Avenue

Suite 100

St. Paul, MN 55116

651-603-5052



Pillar Multifamily, LLC

Anand Gajjar

Chief Production Officer

330 Madison Avenue, 8th Floor

New York, NY 10017

(212) 651-0830

Nationwide



PNC Real Estate

Tom Booher

Executive Vice President

Manager of Agency Finance

575 Market Street, 28th Floor

San Francisco, CA 94105

(415) 733-1515



Prudential Mortgage Capital Company

Michael McRoberts

Managing Director

4350 Fairfax Dr, Suite 700

Arlington, VA 22203

(571) 357-7870

Nationwide



Red Mortgage Capital, LLC

Jim Hensley

Sr. Managing Director

Two Miranova Place

Columbus, OH 43215

(614) 857-1400

Nationwide



Walker & Dunlop, LLC

Howard Smith

Executive Vice President & COO

7501 Wisconsin Avenue, Suite 1200

Bethesda, MD 20814

(301) 215-5585



Wells Fargo Multifamily Capital

Vince R. Toye

EVP-Head of GSE Production

150 East 42nd St, 36th Fl

New York, NY 10017

(212) 214-7322

Nationwide

This article originally appeared in the August 2014 IWS Money Watch Bulletin. Click for subscription information.

For additional information, tips and IWS real estate publications, click Real Estate.