Rick Fitzgerald -The MultiFamily Expert

AAM Capital

AAM Capital has been recognized as one of Tennesee's top multifamily investment lender as well as other commercial real estate property types/

Our expertise with multifamily investments is a success because of our experience with over 25 years in banking and secondary market financing.

Agents and clients who work with multi family properties need mortgage professionals now more than ever before. The industry is changing daily..........no, now hourly and team work is an answer. Call me if you are an agent or multifamily investor when you want the absolute best team for your office and clients.

Investor choose "The Multifamily Experts" for its expertise and results.

Hispanics multifamily investors and agents relate well with the Executive Managers southwest living experience on the border of Texas in El Paso, Canutillo and Odessa TX.

Multifamily investing and Commercial Real Estate investments

Our first challenge is do we have a Multifamily loan? Our steps include:

• Analyze the Profit and Loss statements - What are the strengths and any issues? Are our expenses in range of our expectations? The bottom line is the NOI. Are we in range? Basic rule of thumb is 100% rents minus 35% expense load. That's bare minimum. anything lower may be an issue. We look for a 1.20 debt ratio but can work with a lower return.
  
• Rent roll - Our loan programs will accommodate various historical vacancies. All of our Government backed multifamily programs require a higher occupancy rate. We look for this history and current status to provide the best funding solution for the property. Unstable rents require an expertise in understanding how it impacts the funding.
• Photos - Photos are extremely important in providing funding. They are now required in every submission. We encourage our investors and agents to be sure to take and keep photos on hand just after landscaping or cleaning. Like keeping photos of your children.
• Credit - Credit scores are everything now. All other factors may be acceptable with credit creating a major issue. Our best funding includes scores down to 660. Our Credit Repair service has made many a deal. Great credit puts you into our Multifamily Express.
  
• Refinancing -Boils down to tax returns and verification of income. Can we verify actual income on Schedule E's? Again, great credit and a Schedule E give investors the opportunity into the Multifamily Express. No need for full returns.
  
• Maintenance-It's important to check expenses on maintenance, cleaning and repair. This has a normal operating range that will be defaulted if the P+L is out of range.
• Appraisal - One of the biggest issues faced by all parties. The cost and method of evaluating property value is a challenge. It pays to utilize the services of a Mortgage Professional and Agent who understands the reality in the current market.
  

I specialize in Multifamily investing and commercial properties. I work as a team alongside agents as well as investors to ensure good returns and success for everyone. AAM Capital understands investors, CAP rate returns, property evaluations and will provide the very best financing option available. My experience enables me to match investor needs with the loan criteria necessary for the loan closing. We can close many loans with just a little creativity or flexibility. Everyone needs all of the resources available to be successful in this day and age of the credit crunch.

Whether you are an agent, investor or owner user, depend on AAM Capital to work in your best interest.

Testimonials

John K / Multi family investor - "I love you man!"

John needed an immediate approval on a Friday as his contract was expiring over the weekend and his bank was still trying to determine which department actually lends in this area. AAM Capital issued a Conditional Loan Approval for the seller's agent on the same day. We called his sales agent while John was in the office as he needed some help in structuring the contract and sale. John got a great deal and appreciated our expertise.

Karen B / Residential agent -"Best commission I ever had".

I talked Karen into adding a line to her post cards when marketing to her previous clients: "Call me with ALL your real estate investments needs". One of her clients responded that they were seeking to purchase a $1.6M apartment complex and needed help. Although Karen didn't know anything about commercial real estate, she did know us and our ability to work with agent referrals. There were several considerations to be made but in a span of 2 hours and 30 days, she made a 3% commission split on the purchase. We took care of everything else but depositing her check.

Eunice K / Investor / Owner Agent - "Excellent job!"

Eunice had sunk a lot of her own money into rehabbing her purchase. The bank was not enthusiastic about cashing out her new equity due to unstable rents. However, we were able to show her strengths along with the great new look of the units. She got a good rate over a 30 year amortization and cashed flow better than her bank loan.

Robert S / Investor / "That was easy"

Robert owned a property that was located well over a 100 miles away from his home and office. the property was owned by his family and entrusted the management to him. Robert had to spend out of pocket cash to upgrade the property to keep his long term tenant. His bank who had the loan for years had an issue with the NOI reported on his return due to the large amount of repair expenses along with his living out of their market. Our global income approach was the answer and placed on a 30 year amortization.

Amin A / Investor / "Couldn't have done it without you."

When Amin and his brother were trying to purchase a multi family investment that included 43 parcels and various structures, he turned to AAM Capital. The property had been listed for well over a year but no one could piece together funding due to the odd makeup of the units such as duplexes, triplexes, quads, shotgun units as well as traditionally built structures. We were able to identify the value in the traditional block and mortar units and funded solely on this value leaving the remaining odd structures free and clear from lien. Sometimes a little creativity goes a long way.

Betty W / Investor / "We tried refinancing at the bank......"

Many of our refinancing opportunities start with the bank placing a loan into a 15 or 30 year term which makes our clients "Equity rich but cash poor" especially on larger loan amounts. Betty was very happy to learn we not only could lower her monthly payments but cash out some equity for her as well. Cash in your pocket beats equity to the bank all the time.