Loan Assumptions in Multifamily — What Buyers and Sellers Need to Know

Loan Assumptions in Multifamily — What Buyers and Sellers Need to Know

Author: Mark & Tamiel Kenney June 15, 2023 Duration: 12:34

When a seller says the loan must be assumed, do you know what that actually means — and what your real options are as the buyer?

In this solo episode, Mark Kenney demystifies loan assumptions in multifamily investing: why sellers use them, what lenders are looking for, and the key details that most buyers overlook until it's too late to fix them.

In this episode you will learn:

• The real reason sellers list properties as loan assumptions — and why it's not always a hard requirement

• What the lender evaluates when approving a buyer — and why you can find out early

• What you won't get in a loan assumption — and what you need to bring to closing out of pocket

• The contract language you need to protect yourself when the timeline is out of your hands

• How supplemental loans work, when you can get one, and why most deals today can't support one at closing

• When loan assumptions make sense in today's market — and what to verify before you commit

This is a compact, high-value episode that will change how you evaluate the next deal with an assumable loan.

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Read the full podcast shownotes, timestamps, resources, and key insights from this episode here: Podcast Show Notes

Mark and Tamiel Kenney built something remarkable, turning a single duplex into a portfolio of over sixty-five hundred units in just three years. On the Think Multifamily Podcast, they pull back the curtain on exactly how they did it, moving beyond theory to share the tangible, week-by-week steps that define real success in apartment investing. This isn't about sacrificing your time or freedom; it's a practical conversation about building a legacy that actually works for your life. Each episode feels like a direct conversation with the Kenneys, filled with the specific insights and hard-won lessons from their own journey. You'll hear them break down complex deals, discuss market shifts, and explore the mindset required to navigate the challenges and opportunities in multifamily real estate. Tune in for a straightforward, content-rich dialogue that cuts through the noise, offering a clear path for anyone serious about creating lasting wealth through property. This podcast provides the kind of actionable guidance that only comes from hosts who have walked the path themselves.
Author: Language: English Episodes: 50

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