1 rich Libsyn https://www.libsyn.com 90 600 There are things hiding in your loan documents that your lender will never volunteer. In Part 2 of Multifamily Money Matters, mortgage broker Brandy Shotwell and Mark Kenney get specific. Loan rebalancing demands, interest reserve replenishment traps, operator-lenders who can take your property — and the market characteristics that quietly kill your financing options before you even apply. In this episode you will learn: • Why the term sheet is non-binding and the loan docs always win — and what happens when a lender demands a $3M rebalance • The interest reserve replenishment clause — how lenders slide it in and why it discourages you from using reserves for their intended purpose • Balance sheet lenders vs. securitized debt funds — why in-house servicing changes everything when problems arise post-closing • What lenders don’t want to see right now: crime in the submarket, weak cash flow, missing T12s, and concentration risk • The operator-lender red flag — why working with a lender who is also a property operator is one of the most serious risks in commercial real estate • Brandy’s market outlook and final advice: why staying active now gets you first call when inventory returns This is Part 2 of a two-part series. Listen to Episode 142 first if you haven’t already. Connect with Brandy Shotwell at https://www.renocm.com Join us at our next event at https://thinkmultifamily.com/event Subscribe to the Think Multifamily Podcast on Apple Podcasts and Spotify. &amp;nbsp; Read the full podcast shownotes, timestamps, resources, and key insights from this episode here: Podcast Show Notes Think Multifamily Podcast https://thinkmultifamily.com <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/26512440/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/151627290