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Due Diligence Changes in the Multifamily World

The multifamily lending world is changing.  Both Fannie Mae and Freddie Mac have made some significant adjustments to their lending requirements so now is a good time for borrowers to reassess the best financing source for their multifamily investment.  I recently wrote a blog on Active Rain summarizing Freddie and Fannie’s changes, which explains the new underwriting activities and due diligence requirements in more detail and answers the question of what a borrower should look for when deciding on the appropriate level of Due Diligence to be undertaken prior to a transaction. This will help borrowers to weigh up the various lenders, see how they compare to each other, and select the best lender for their project. Read my blog “Due Diligence Advice for Multifamily Borrowers” or Summer Gell’s article titled “Charting a Course through a New Multifamily Lending Landscape” to learn more!

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Profile photo of Joe Derhake, PE
Education: MBA, University of Southern California BS, Civil Engineering, Michigan State University Registrations: Registered Professional Civil Engineer, California Registered Professional Civil Engineer, Arizona Registered Professional Civil Engineer, Tennessee EPA Accredited Asbestos Inspector, Management Planner Designer (not current) Affiliations: Member, Environmental Banker's Association Member, Mortgage Banker's Association Mr. Derhake serves as the President of Partner Engineering and Science, a national engineering and environmental consulting firm. He has over 10,000 real estate transactions throughout his career. His due diligence resume includes experience at all levels, including advising lenders and real estate investors through the following product types: Phase I Environmental Site Assessments, Phase II Subsurface Investigations, Phase III Site Characterizations, Remedial Cost Estimates, and Environmental Transaction Screens. Mr. Derhake has a significant portfolio of closed sites and speaks regularly at industry events and conferences.

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