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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Gemlaoshi who wrote (38360)8/10/2005 7:56:04 PM
From: russwinter  Read Replies (3) of 110194
 
When I bought my apartment buildings in the mid-90's, there really was no lending market at all for non-recourse commerical loans to independent apartment or rental operators. I would say that was the case the case when I sold in 2002 as well. So unless something has really changed, I just can't imagine lenders giving non-recourse loans to amateur landlords who have been in business, "for a year and a half". I wonder what these people are disclosing on their apps, in regards to owner occupied, etc. I have to believe there is a bunch of borrower fraud out there in that front, that will also come home to roost.
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