If you get a commercial loan for a building that already exists, that building and its income stream can often be the collateral for the loan. If for whatever reason you default on the loan, the lender takes the building and starts receiving the cashflows. This is called “non-recourse” financing. The bank doesn’t need recourse to…
When people need funding for a project, they often form a company, sell shares in the company, and use the money from those sales to fund their business. That’s how many real estate developers raise capital for their deals as well. They form an LLC (limited liability company) for a given project, sell shares in…
Spencer Burton has knocked on farmers’ doors looking for land deals in the Pacific Northwest, and he has built over a hundred properties in Latin America as a real estate developer. But he realized that he would be happiest if he was doing complex analysis of multi-million dollar property deals. And for that, he made his way…
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